Penn National Gaming Inc (PENN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 15,261,700 | 16,064,200 | 17,502,100 | 16,872,100 | 14,667,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,261,700K
= 0.00
The debt-to-assets ratio of Penn National Gaming Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not been utilizing debt significantly to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity rather than debt. This may imply a lower financial risk for the company as it is not heavily reliant on borrowed funds to support its operations and investments. However, it is important to consider other financial metrics and factors to gain a more holistic understanding of Penn National Gaming Inc's financial health and performance.
Peer comparison
Dec 31, 2024