Penn National Gaming Inc (PENN)

Financial leverage ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total assets US$ in thousands 16,064,200 17,502,100 16,872,100 14,667,300 14,194,500
Total stockholders’ equity US$ in thousands 3,202,100 3,597,700 4,097,800 2,656,200 1,852,700
Financial leverage ratio 5.02 4.86 4.12 5.52 7.66

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,064,200K ÷ $3,202,100K
= 5.02

The financial leverage ratio of PENN Entertainment Inc has shown fluctuations over the past five years. The ratio has ranged from 4.12 to 7.66, with the highest value recorded in 2019 and the lowest in 2021. In 2023, the financial leverage ratio stood at 5.02, indicating that the company's reliance on debt to finance its operations and investments has increased compared to the previous year. This upward trend suggests a higher level of financial risk as higher leverage ratios indicate a greater proportion of debt in the company's capital structure. It is important for investors and stakeholders to monitor this metric closely to assess the company's ability to meet its debt obligations and maintain financial stability.


Peer comparison

Dec 31, 2023