Penn National Gaming Inc (PENN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,862,700 | 3,202,100 | 3,597,700 | 4,097,800 | 2,656,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,862,700K)
= 0.00
The debt-to-capital ratio for Penn National Gaming Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations in relation to its total capital. This could suggest that Penn National Gaming Inc has been predominantly relying on equity financing or has significantly low levels of debt in its capital structure. It may also signify a conservative approach towards debt management, as the company has minimized its debt exposure in comparison to its overall capital base. However, while a low debt-to-capital ratio is typically considered favorable as it indicates lower financial risk, it's important to assess the company's overall financial health and growth strategies in conjunction with this ratio to gain a comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024