DraftKings Inc. (DKNG) Debt to Equity Ratio: 3.06
Is DraftKings Inc.’s debt to equity ratio high or low?
DraftKings Inc.'s debt to equity ratio of 3.06 is 135% above its 5-year average of 1.30, near the high end of its 5-year range (0.03–3.06).
The debt to equity ratio for DraftKings Inc. (DKNG) is 3.06 as of Wednesday, June 10, 2026. It is above its 12-month average by 39.73% (2.19).
DKNG Debt to Equity Ratio Chart
DKNG Average Debt to Equity Ratio Chart
DKNG Current vs Average Debt to Equity Ratio Chart
DKNG Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
3.06
DEBT TO EQUITY RATIO AVG TTM
2.19
DEBT TO EQUITY RATIO AVG 3Y
1.75
DEBT TO EQUITY RATIO AVG 5Y
1.30
DEBT TO EQUITY RATIO AVG 10Y
2.22
DEBT TO EQUITY RATIO AVG 15Y
2.22
DEBT TO EQUITY RATIO AVG 20Y
2.22
CURRENT VS TTM AVG
+39.73%
CURRENT VS 3Y AVG
+75.36%
CURRENT VS 5Y AVG
+135.38%
CURRENT VS 10Y AVG
+37.66%
CURRENT VS 15Y AVG
+37.66%
CURRENT VS 20Y AVG
+37.66%
DKNG Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DraftKings Inc. (DKNG) | — | 3.06 | 2.19 | 1.75 | 1.30 |
| Lululemon Athletica Inc. (LULU) | $13.69B | 0.36 | 0.36 | 0.35 | 0.34 |
| Best Buy Co., Inc. (BBY) | $15.99B | 1.39 | 1.42 | 1.38 | 1.37 |
| NIO Inc. (NIO) | $12.21B | 6.31 | 5.99 | 3.58 | 2.54 |
| International Paper Company (IP) | $16.87B | 0.73 | 0.72 | 0.71 | 0.85 |
| Domino's Pizza, Inc. (DPZ) | $10.51B | -1.34 | N/A | N/A | N/A |
| GameStop Corp. (GME) | $10.08B | 0.80 | 0.44 | 0.45 | 0.77 |
| Rivian Automotive, Inc. (RIVN) | $18.55B | 1.46 | 1.17 | 0.76 | 0.62 |
| CAVA Group, Inc. (CAVA) | $9.38B | 0.60 | 0.57 | 0.58 | 0.58 |
| Wayfair Inc. (W) | $9.22B | -1.46 | 0.49 | 0.25 | 0.20 |
Financial Health
Debt/Equity
3.06
Current Ratio
1.03
DraftKings Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
DraftKings Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for DraftKings Inc. (DKNG)?
- The debt to equity ratio for DKNG stock is 3.06.
- Is DraftKings Inc.'s debt to equity ratio high or low?
- DraftKings Inc.'s debt to equity ratio of 3.06 is 135% above its 5-year average of 1.30, near the high end of its 5-year range (0.03–3.06).
- What is the TTM average debt to equity ratio for DraftKings Inc. (DKNG)?
- The TTM average debt to equity ratio for DKNG stock is 2.19.
- What is the 3Y average debt to equity ratio for DraftKings Inc. (DKNG)?
- The 3Y average debt to equity ratio for DKNG stock is 1.75.
- What is the 5Y average debt to equity ratio for DraftKings Inc. (DKNG)?
- The 5Y average debt to equity ratio for DKNG stock is 1.30.
- What is the 10Y average debt to equity ratio for DraftKings Inc. (DKNG)?
- The 10Y average debt to equity ratio for DKNG stock is 2.22.
- What is the 15Y average debt to equity ratio for DraftKings Inc. (DKNG)?
- The 15Y average debt to equity ratio for DKNG stock is 2.22.
- What is the 20Y average debt to equity ratio for DraftKings Inc. (DKNG)?
- The 20Y average debt to equity ratio for DKNG stock is 2.22.
DraftKings Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 3.06 |
| 2024-12-31 | 1.32 |
| 2023-12-31 | 1.60 |
| 2022-12-31 | 1.00 |
| 2021-12-31 | 0.79 |
| 2020-12-31 | 0.03 |
| 2017-12-31 | 7.76 |
Related Metrics
About DraftKings Inc.
DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Jason D. Robins