Penn National Gaming Inc (PENN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,154,400 | 1,659,000 | 2,013,400 | 2,223,600 | 2,085,000 |
| Total current liabilities | US$ in thousands | 1,415,100 | 1,490,000 | 1,158,700 | 1,133,200 | 860,000 |
| Current ratio | 0.82 | 1.11 | 1.74 | 1.96 | 2.42 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,154,400K ÷ $1,415,100K
= 0.82
The current ratio of Penn National Gaming Inc has shown a declining trend over the years, from 2.42 in December 31, 2020, to 0.82 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has weakened significantly. The current ratio below 1 in the most recent year suggests that the company may have difficulty covering its short-term liabilities with its current assets alone. It is important for the company to closely monitor its current assets and liabilities to ensure adequate liquidity and financial stability in the future.
Peer comparison
Dec 31, 2024