PENN Entertainment (PENN Entertainment) Interest Expense

: $-465 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PENN Entertainment's interest expense for the three months ended in Dec. 2023 was $ -119 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-465 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. PENN Entertainment's Operating Income for the three months ended in Dec. 2023 was $ -178 Mil. PENN Entertainment's Interest Expense for the three months ended in Dec. 2023 was $ -119 Mil. PENN Entertainment did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PENN Entertainment Interest Expense Historical Data

The historical data trend for PENN Entertainment's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PENN Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-535.60

-544.10

-562.80

-758.20

-464.70

PENN Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-203.50	-113.00	-115.60	-117.50	-118.60

PENN Entertainment Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-465 Mil.

PENN Entertainment (NAS:PENN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PENN Entertainment's Interest Expense for the three months ended in Dec. 2023 was $-119 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-178 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $11,111 Mil.

PENN Entertainment's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

PENN Entertainment did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. PENN Entertainment Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

PENN Entertainment (PENN Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (NAS:PENN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PN1:Germany PN1:Germany

Address

825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

https://www.pngaming.com

Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 90% of total sales in 2022 (10% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.

Executives

Christopher Byron Rogers	officer: EVP and Chief Strategy Officer	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Jay A Snowden	officer: EVP-Chief Operating Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Felicia Hendrix	officer: EVP and CFO	825 BERKSHIRE BLVD., WYOMISSING PA 19610
David A Handler	director	845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Kohn Barbara Shattuck	director	PENN NATIONAL GAMING, INC, 825 BERKSHIRE BLVE, SUITE 200, WYOMISSING PA 19610
Christine Labombard	officer: SVP and CAO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Saul Reibstein	officer: EVP-Finance, CFO & Treasurer	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Gupta Vimla Black	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Todd George	officer: EVP, Operations	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Marla Kaplowitz	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Ronald J Naples	director	96 S. GEORGE STREET, SUITE 500, YORK PA 17401
Peter M Carlino	director, 10 percent owner, officer: Chairman	845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Harper H. Ko	officer: EVP, CLO and Sec.	7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
Carl Sottosanti	officer: SVP,Gen Counsel & Secretary	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610