Penn National Gaming Inc (PENN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 15,261,700 | 15,514,500 | 15,538,000 | 15,614,400 | 16,064,200 | 16,168,600 | 17,028,000 | 17,040,000 | 17,502,100 | 17,535,100 | 17,880,800 | 18,071,100 | 16,872,100 | 15,748,700 | 15,078,200 | 14,888,200 | 14,667,300 | 14,812,000 | 14,321,500 | 13,938,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Penn National Gaming Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not been utilizing debt to finance its operations or investments, and instead, its total assets are entirely financed by equity. A debt-to-assets ratio of 0.00 typically suggests a conservative financial strategy, with a lower risk of financial distress due to lower debt levels. However, it is important to note that while a low debt-to-assets ratio is generally considered favorable, it may also imply missed opportunities for leveraging debt to potentially enhance returns. Overall, Penn National Gaming Inc's stable and low debt-to-assets ratio over the years reflects a conservative capital structure and financial stability.
Peer comparison
Dec 31, 2024