Penn National Gaming Inc (PENN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,862,700 | 3,064,700 | 3,055,900 | 3,074,700 | 3,202,100 | 3,482,600 | 4,210,300 | 4,176,300 | 3,597,700 | 3,617,100 | 3,766,800 | 3,953,500 | 4,097,800 | 3,071,900 | 2,958,300 | 2,756,300 | 2,656,200 | 2,633,700 | 1,506,200 | 1,278,400 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,862,700K
= 0.00
The debt-to-equity ratio of Penn National Gaming Inc has consistently been reported as 0.00 across various quarters from March 31, 2020, to December 31, 2024. This indicates that the company is not relying heavily on debt to finance its operations and growth. A debt-to-equity ratio of 0.00 signifies that there is no debt in the capital structure, with equity being the sole source of funding. This low debt-to-equity ratio suggests a lower financial risk for the company, as there is no significant debt burden that could impact the company's financial stability or flexibility.
Peer comparison
Dec 31, 2024