Penn National Gaming Inc (PENN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,862,700K
= 0.00
Based on the data provided, Penn National Gaming Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or liabilities in relation to its equity, suggesting a strong financial position with a low risk of financial distress. This implies that the company has either zero debt or a minimal amount of debt compared to its equity. A low debt-to-equity ratio can be favorable as it reflects financial stability and a reduced reliance on debt financing for operations or expansion. It also suggests that the company may have sufficient equity to support its operations and growth without taking on significant debt.
Peer comparison
Dec 31, 2024