Penn National Gaming Inc (PENN)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 706,600 | 834,000 | 899,300 | 926,300 | 1,071,800 | 1,317,900 | 1,271,600 | 1,311,300 | 1,624,000 | 1,728,400 | 1,708,300 | 1,805,500 | 1,863,900 | 2,729,300 | 2,274,700 | 2,062,200 | 1,853,800 | 1,873,100 | 1,244,300 | 730,700 |
| Short-term investments | US$ in thousands | — | — | 1,807,200 | — | — | — | — | — | — | — | — | — | — | — | — | — | 266,000 | 263,000 | — | — |
| Total current liabilities | US$ in thousands | 1,415,100 | 1,361,200 | 1,299,600 | 1,337,700 | 1,490,000 | 1,252,800 | 1,226,700 | 1,271,000 | 1,158,700 | 1,148,300 | 1,085,900 | 1,122,900 | 1,133,200 | 1,077,700 | 958,100 | 947,300 | 860,000 | 921,400 | 827,800 | 813,900 |
| Cash ratio | 0.50 | 0.61 | 2.08 | 0.69 | 0.72 | 1.05 | 1.04 | 1.03 | 1.40 | 1.51 | 1.57 | 1.61 | 1.64 | 2.53 | 2.37 | 2.18 | 2.46 | 2.32 | 1.50 | 0.90 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($706,600K
+ $—K)
÷ $1,415,100K
= 0.50
The cash ratio of Penn National Gaming Inc has shown fluctuations over the past years, indicating variations in their liquidity position. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend analysis shows that the cash ratio ranged from a low of 0.50 on December 31, 2024, to a high of 2.53 on September 30, 2021. In general, a higher cash ratio is favorable as it suggests the company has more cash available to cover its short-term obligations.
However, it is worth noting that the cash ratio dropped significantly from the peak of 2.53 in September 2021 to 0.50 in December 2024. This decline indicates a potential decrease in liquidity or an increase in short-term liabilities during this period.
The company should strive to maintain a healthy cash ratio to ensure it has sufficient liquidity to meet its financial obligations. Management may need to closely monitor cash flows and make strategic decisions to improve liquidity, especially during periods of declining cash ratios.
Peer comparison
Dec 31, 2024