Penn National Gaming Inc (PENN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 706,600 | 1,071,800 | 1,624,000 | 1,863,900 | 1,853,800 |
| Short-term investments | US$ in thousands | — | — | — | — | 266,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,415,100 | 1,490,000 | 1,158,700 | 1,133,200 | 860,000 |
| Quick ratio | 0.50 | 0.72 | 1.40 | 1.64 | 2.46 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($706,600K
+ $—K
+ $—K)
÷ $1,415,100K
= 0.50
The quick ratio of Penn National Gaming Inc has shown a declining trend over the past five years, starting at a comfortable level of 2.46 on December 31, 2020, and decreasing steadily to 0.50 by December 31, 2024. This signifies a potential weakening liquidity position for the company, as the quick ratio measures its ability to meet short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates that the company may struggle to pay its current liabilities using its quick assets alone. Therefore, Penn National Gaming Inc may need to carefully manage its liquidity and current assets to ensure it can meet its short-term financial commitments efficiently.
Peer comparison
Dec 31, 2024