PENN Entertainment (FRA:PN1) Debt-to-Equity : 3.61 (As of Dec. 2023)

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What is PENN Entertainment Debt-to-Equity?

PENN Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €396 Mil. PENN Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10,189 Mil. PENN Entertainment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €2,936 Mil. PENN Entertainment's debt to equity for the quarter that ended in Dec. 2023 was 3.60.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PENN Entertainment's Debt-to-Equity or its related term are showing as below:

FRA:PN1' s Debt-to-Equity Range Over the Past 10 Years
Min: -65.47 Med: 3.21 Max: 13.08
Current: 3.61

During the past 13 years, the highest Debt-to-Equity Ratio of PENN Entertainment was 13.08. The lowest was -65.47. And the median was 3.21.

FRA:PN1's Debt-to-Equity is ranked worse than
89.68% of 688 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs FRA:PN1: 3.61

PENN Entertainment Debt-to-Equity Historical Data

The historical data trend for PENN Entertainment's Debt-to-Equity 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.

* Premium members only.

PENN Entertainment Debt-to-Equity Chart

PENN Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

6.12

4.20

2.83

3.59

3.61

PENN Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.59	2.79	2.76	3.30	3.61

Competitive Comparison of PENN Entertainment's Debt-to-Equity

For the Resorts & Casinos subindustry, PENN Entertainment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PENN Entertainment's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Debt-to-Equity falls into.

PENN Entertainment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PENN Entertainment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(395.685	+	10188.512)	/	2936.326
	=	3.60

PENN Entertainment's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(395.685	+	10188.512)	/	2936.326
	=	3.60

PENN Entertainment (FRA:PN1) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

PENN Entertainment Debt-to-Equity Related Terms

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PENN Entertainment (FRA:PN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (FRA:PN1) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PENN:USA PENN:Mexico 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.

PENN Entertainment (FRA:PN1) Headlines

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