Penn National Gaming Inc (PENN)

Quick 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 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 — —
Receivables US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Quick 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

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 provides insight into the company's ability to meet its short-term obligations with its most liquid assets. As of December 31, 2024, the quick ratio stands at 0.50, indicating that for every $1 of current liabilities, the company has $0.50 in quick assets to cover immediate payment obligations. This ratio has decreased significantly from the previous quarter and is below the ideal value of 1, suggesting potential liquidity challenges for the company in the short term. Further monitoring and analysis of liquidity management are advisable to ensure Penn National Gaming Inc's financial stability and ability to meet its short-term financial obligations.