The company maintains a manageable capital structure with a debt-to-equity ratio of 0.58, supported by a significant $552.1 million in deferred revenue that provides visibility into future earnings.
| Total Current Assets | 2.82B | 2.33B | 869.57M | 492.43M | 268.3M | 948.26M | 726.85M | 404.31M | 474.01M | 390.98M | 349.31M | 179.76M |
| Cash & Short-Term Investments | 1.73B | 831.1M | 525.56M | 235.84M | 180.57M | 874.69M | 593.4M | 250.48M | 359.14M | 297.44M | 267.14M | 102.38M |
| Cash Only | 1.73B | 831.1M | 525.56M | 235.84M | 180.57M | 874.69M | 462.1M | 90.45M | 167.46M | 137.7M | 211.98M | 38.02M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 131.29M | 160.03M | 191.69M | 159.74M | 55.16M | 64.36M |
| Accounts Receivable | 833.42M | 558.3M | 221.41M | 147.03M | 45.45M | 59.34M | 52.01M | 124.77M | 78.92M | 65.25M | 53.16M | 58.44M |
| Days Sales Outstanding | 48.1 | 43.04 | 28.82 | 32.04 | 14.55 | 19.78 | 19.49 | 47.42 | 30.97 | 29.73 | 26.61 | 32.38 |
| Inventory | 8.63M | 0 | 0 | 0 | 0 | 0 | 8.39M | 8.25M | 7.75M | 8.33M | 6.53M | 6.17M |
| Days Inventory Outstanding | 2.92 | - | - | - | - | - | 5.17 | 4.48 | 4.46 | 5.44 | 5.26 | 5.36 |
| Other Current Assets | 47.16M | 939.7M | 25.02M | 43.53M | 33.98M | 13.45M | 73.06M | 20.81M | 28.19M | 19.96M | 22.48M | 12.78M |
| Total Non-Current Assets | 13.21B | 13.17B | 11.83B | 12.2B | 3.31B | 3.35B | 592.03M | 609.69M | 231.32M | 223.52M | 256.77M | 230.97M |
| Property, Plant & Equipment | 941.6M | 926.5M | 805.02M | 899.63M | 198.32M | 193.21M | 485.87M | 485.5M | 148.09M | 131.32M | 132.63M | 105.22M |
| Fixed Asset Turnover | 5.53x | 5.11x | 3.48x | 1.86x | 5.75x | 5.67x | 2.01x | 1.98x | 6.28x | 6.10x | 5.50x | 6.26x |
| Goodwill | 8.44B | 8.44B | 7.66B | 7.67B | 2.6B | 2.6B | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.21B | 3.33B | 3.26B | 3.56B | 475.76M | 522.35M | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 605.33M | 131.5M | 32.16M | 16.39M | 6.02M | 1.75M | 11.15M | 28.11M | 30.2M | 27.37M | 24.96M | 22.28M |
| Other Non-Current Assets | 431.32M | 335.9M | 65.5M | 52.14M | -31.62M | 27.97M | 63.41M | 67.11M | 30.87M | 45.85M | 61.45M | 57.18M |
| Total Assets | 16.02B | 15.5B | 12.7B | 12.69B | 3.58B | 4.3B | 1.32B | 1.01B | 705.33M | 614.51M | 606.08M | 410.73M |
| Asset Turnover | 0.32x | 0.31x | 0.22x | 0.13x | 0.32x | 0.25x | 0.74x | 0.95x | 1.32x | 1.30x | 1.20x | 1.60x |
| Asset Growth % | 71.12% | 22.01% | 0.07% | 254.42% | -16.65% | 225.74% | 30.07% | 43.76% | 14.78% | 1.39% | 47.56% | - |
| Total Current Liabilities | 2.19B | 1.85B | 670.66M | 472.14M | 230.18M | 187.32M | 497.47M | 344.34M | 357.54M | 138.19M | 133.13M | 131.59M |
| Accounts Payable | 210.81M | 194.8M | 29.68M | 42.04M | 16.84M | 11.64M | 7.27M | 9.28M | 12.2M | 12.73M | 10.12M | 8.58M |
| Days Payables Outstanding | 50.69 | 29.77 | 8.38 | 22.59 | 15.94 | 6.54 | 4.48 | 5.04 | 7.02 | 8.31 | 8.14 | 7.47 |
| Short-Term Debt | 91.23M | 78.4M | 26.51M | 22.37M | 24.48M | 22.89M | 308.64M | 206.81M | 188.21M | 4.64M | 6.12M | 4.44M |
| Deferred Revenue (Current) | 2.16B | 663M | 101.24M | 118.99M | 71.62M | 50.69M | 62.89M | 56.94M | 49.17M | 55.82M | 56.65M | 57.15M |
| Other Current Liabilities | 1.27B | 910.9M | 16.34M | 9M | 88.55M | 2.37M | 86.72M | 56.18M | 60.6M | 35.48M | 31.21M | 31.8M |
| Current Ratio | 1.28x | 1.26x | 1.30x | 1.04x | 1.17x | 5.06x | 1.46x | 1.17x | 1.33x | 2.83x | 2.62x | 1.37x |
| Quick Ratio | 1.28x | 1.26x | 1.30x | 1.04x | 1.17x | 5.06x | 1.44x | 1.15x | 1.30x | 2.77x | 2.57x | 1.32x |
| Cash Conversion Cycle | 0.34 | - | - | - | - | - | 20.17 | 46.86 | 28.41 | 26.86 | 23.72 | 30.28 |
| Total Non-Current Liabilities | 5.3B | 4.4B | 3.31B | 3.37B | 2.77B | 2.85B | 437.42M | 394.33M | 31.55M | 223.35M | 233.2M | 69.82M |
| Long-Term Debt | 4.59B | 3.98B | 2.73B | 2.71B | 2.74B | 2.81B | 21.7M | 22.1M | 25.7M | 208.86M | 196.6M | 17.14M |
| Capital Lease Obligations | 818.69M | 0 | 258.32M | 278.2M | 22.59M | 18.59M | 389.62M | 350.04M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.28B | 301.7M | 312.21M | 372.86M | 15.69M | 0 | 21.57M | 21.77M | 5.03M | 3.39M | 5.17M | 1.58M |
| Other Non-Current Liabilities | 129.52M | 112.2M | 7.46M | 3.05M | -13.93M | 22.92M | 4.54M | 429K | 827K | 11.11M | 725K | 1.12M |
| Total Liabilities | 7.5B | 6.25B | 3.98B | 3.84B | 3B | 3.04B | 934.89M | 738.67M | 389.09M | 361.55M | 366.33M | 201.41M |
| Total Debt | 4.96B | 4.06B | 3.04B | 3.03B | 2.78B | 2.85B | 719.96M | 578.95M | 213.9M | 213.5M | 202.72M | 21.57M |
| Net Debt | 3.24B | 3.23B | 2.51B | 2.79B | 2.6B | 1.98B | 257.86M | 488.5M | 46.45M | 75.8M | -9.25M | -16.44M |
| Debt / Equity | 0.58x | 0.44x | 0.35x | 0.34x | 4.81x | 2.27x | 1.87x | 2.10x | 0.68x | 0.84x | 0.85x | 0.10x |
| Debt / EBITDA | 3.22x | 2.81x | 2.60x | 4.03x | 4.60x | 8.54x | 2.44x | 2.90x | 1.16x | 1.46x | 1.71x | 0.20x |
| Net Debt / EBITDA | 2.10x | 2.23x | 2.15x | 3.72x | 4.30x | 5.92x | 0.87x | 2.45x | 0.25x | 0.52x | -0.08x | -0.15x |
| Interest Coverage | 6.00x | 4.06x | 1.14x | 1.87x | 3.89x | 7.84x | 5.81x | 4.62x | 7.88x | 5.35x | 18.62x | 16.30x |
| Total Equity | 8.53B | 9.25B | 8.72B | 8.85B | 578.82M | 1.26B | 383.99M | 275.33M | 316.24M | 252.96M | 239.74M | 209.32M |
| Equity Growth % | 18.75% | 6.1% | -1.49% | 1429.06% | -54.01% | 227.76% | 39.47% | -12.94% | 25.02% | 5.51% | 14.54% | - |
| Book Value per Share | 43.81 | 47.68 | 50.73 | 106.88 | 6.96 | 15.13 | 4.62 | 3.05 | 3.57 | 3.22 | 3.09 | 2.74 |
| Total Shareholders' Equity | 3.38B | 3.74B | 4.09B | 4.11B | 568.92M | 1.25B | 383.99M | 275.33M | 316.24M | 252.96M | 239.74M | 209.32M |
| Common Stock | 2K | 2K | 2K | 2K | 568.07M | 1.25B | 778K | 773K | 780K | 771K | 764K | 759K |
| Retained Earnings | -1.38B | -797.3M | -291.73M | -135.23M | 0 | 0 | -56.33M | -133.66M | -101.33M | -172.39M | -167.3M | -164.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -20.86M | -17.5M | -2.55M | -332K | 846K | -2.52M | 2.98M | 2.86M | 1.5M | 2.37M | 2.9M | 3.01M |
| Minority Interest | 5.15B | 5.51B | 4.63B | 4.74B | 9.91M | 9.7M | 0 | 0 | 0 | 0 | 0 | 0 |
Merger-related intangible asset concentration
According to reported financial statements, TKO's total assets surged to $16.0 billion in 2026Q1 from $12.7 billion in 2023Q4, a trend that suggests the company is successfully scaling its footprint through the aggressive consolidation of UFC and WWE intellectual property and related operational infrastructure.
The expansion of the asset base appears to be driven primarily by the strategic integration of high-value media properties rather than organic capital investment. Investors should monitor whether this growth in total assets translates into sustained returns on invested capital as the company moves past the initial merger phase.
As reported in recent filings, TKO's debt-to-equity ratio reached 0.58 in 2026Q1, reflecting a measured increase in leverage from 0.34 in 2023Q4 that appears to support the company's ongoing efforts to optimize its capital structure while maintaining a relatively conservative profile for an entertainment conglomerate.
The increase in total debt to $5.0 billion suggests management is utilizing debt capacity to fund integration or capital returns, yet the ratio remains well within manageable bounds. This leverage profile warrants further investigation to ensure that interest coverage remains robust as the company navigates potential shifts in the interest rate environment.
Based on TKO's reported figures, goodwill accounts for $8.4 billion of the $16.0 billion total asset base as of 2026Q1, indicating that the company's valuation is heavily anchored in the acquired brand equity and historical tape libraries of its core UFC and WWE sports entertainment segments.
The heavy concentration of goodwill suggests that the business model is fundamentally asset-light regarding physical infrastructure, relying instead on the enduring value of its intellectual property. This reliance on intangibles implies that any impairment of brand strength could have a disproportionate impact on the company's reported book value.
As indicated by recent financial data, TKO's current ratio improved to 1.28 in 2026Q1 from 1.04 in 2023Q4, demonstrating a strengthening liquidity position that provides a necessary buffer against the inherent volatility of live event production and the timing of large-scale media rights payments.
The growth in cash reserves to $1.7 billion suggests that the company is successfully converting its high-margin media revenue into liquid assets. This liquidity profile appears sufficient to cover short-term obligations and provides management with the flexibility to pursue opportunistic acquisitions or continue its capital return programs.
According to quarterly filings, TKO's deferred revenue climbed to $552.1 million in 2026Q1, a significant increase from the $119.0 million reported in 2023Q4, which suggests a robust pipeline of pre-sold sponsorships and media rights that provides high visibility into future cash inflows for the organization.
This trend in deferred revenue indicates that the company is effectively securing long-term commitments from its partners, which helps to de-risk the revenue profile. Investors should monitor this metric as a leading indicator of the company's ability to maintain its pricing power in the competitive global sports media landscape.
Quick answers to the most common questions about buying TKO stock.
As of 2025, TKO Group Holdings, Inc. (TKO) had total assets of $15.50B including $2.33B in current assets.
TKO Group Holdings, Inc. (TKO) carries total debt of $4.06B, offset by $831.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
TKO Group Holdings, Inc. (TKO) has total shareholders' equity (book value) of $3.74B ($47.68 book value per share). Book value represents the net worth of the company belonging to common stock holders.
TKO Group Holdings, Inc. (TKO) reported a current ratio of 1.26x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.