Penn National Gaming Inc (PENN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,261,700 | 16,064,200 | 17,502,100 | 16,872,100 | 14,667,300 |
| Total stockholders’ equity | US$ in thousands | 2,862,700 | 3,202,100 | 3,597,700 | 4,097,800 | 2,656,200 |
| Financial leverage ratio | 5.33 | 5.02 | 4.86 | 4.12 | 5.52 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,261,700K ÷ $2,862,700K
= 5.33
The financial leverage ratio of Penn National Gaming Inc has shown fluctuations over the period from December 31, 2020, to December 31, 2024. The ratio decreased from 5.52 in 2020 to 4.12 in 2021, indicating a reduction in the company's reliance on debt to finance its operations. However, the ratio increased to 4.86 in 2022 and further to 5.02 in 2023, suggesting a potential increase in debt relative to equity during these years. By the end of 2024, the financial leverage ratio stood at 5.33, indicating a higher level of financial leverage or reliance on debt compared to the previous year. Overall, the company's financial leverage has exhibited variability, with a general trend of fluctuation in the ratio over the specified period.
Peer comparison
Dec 31, 2024