Penn National Gaming Inc (PENN)

Current 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
Total current assets	US$ in thousands	1,154,400	1,280,900	1,332,800	1,392,900	1,659,000	1,780,700	1,735,700	1,311,300	2,013,400	2,058,500	2,058,900	2,113,000	2,223,600	3,039,100	2,552,400	2,347,700	2,085,000	2,186,500	1,646,600	1,270,000
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
Current ratio		0.82	0.94	1.03	1.04	1.11	1.42	1.41	1.03	1.74	1.79	1.90	1.88	1.96	2.82	2.66	2.48	2.42	2.37	1.99	1.56

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,154,400K ÷ $1,415,100K
= 0.82

Penn National Gaming Inc's current ratio has shown fluctuation over the past few years. The current ratio measures the company's ability to cover its short-term obligations with its current assets. In the recent quarters, the current ratio has been decreasing, indicating a potential weakening in the company's short-term liquidity position.

As of December 31, 2024, the current ratio stood at 0.82, which means that the company had $0.82 in current assets for every $1 in current liabilities. This ratio is relatively low and suggests that Penn National Gaming Inc may face challenges in meeting its short-term financial obligations.

It is important for investors and stakeholders to monitor this trend closely, as a declining current ratio can signal potential financial stress for the company. Management may need to take steps to improve liquidity and ensure the company's financial health in the short term.