PENN Entertainment (NAS:PENN) Debt-to-EBITDA

: 7.94 (As of Dec. 2022)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

PENN Entertainment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $314 Mil. PENN Entertainment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $12,595 Mil. PENN Entertainment's annualized EBITDA for the quarter that ended in Dec. 2022 was $1,625 Mil. PENN Entertainment's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2022 was 7.94.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

PENN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -30.29 Med: 8.31 Max: 145.66
Current: 8.6

During the past 13 years, the highest Debt-to-EBITDA Ratio of PENN Entertainment was 145.66. The lowest was -30.29. And the median was 8.31.

PENN's Debt-to-EBITDA is ranked worse than
76.55% of 550 companies
in the Travel & Leisure industry
Industry Median: 3.42 vs PENN: 8.60

PENN Entertainment Debt-to-EBITDA Historical Data

The historical data trend for PENN Entertainment's Debt-to-EBITDA 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 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

10.64

10.94

145.66

8.02

8.60

PENN Entertainment Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Debt-to-EBITDA																9.86	8.58	7.59	11.20	7.94

Competitive Comparison

For the Resorts & Casinos subindustry, PENN Entertainment's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Annual Data Quarterly Data

PENN Entertainment Debt-to-EBITDA Distribution

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

* The bar in red indicates where PENN Entertainment's Debt-to-EBITDA falls in comparison to its industry or sector. The grey bar indicates the Debt-to-EBITDA's extreme value range as defined by GuruFocus.

PENN Entertainment Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

PENN Entertainment's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(313.9	+	12595)	/	1501
	=	8.60

PENN Entertainment's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(313.9	+	12595)	/	1625.2
	=	7.94

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2022) EBITDA data.

PENN Entertainment (NAS:PENN) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

PENN Entertainment Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of PENN Entertainment's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

PENN Entertainment (NAS:PENN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PENN:Mexico PN1:Germany P2EN34:Brazil

Address

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

Website

http://www.pngaming.com

PENN Entertainment Inc provides integrated entertainment, sports content, and casino gaming experiences. It is the operator of gaming and racing properties and video gaming terminal operations in the U.S. It operates retail sports betting across the company's portfolio, as well as online sports betting, online social casino, bingo, and online casinos.

Executives

Gupta Vimla Black	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Felicia Hendrix	officer: EVP and CFO	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
Christine Labombard	officer: SVP and CAO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Ronald J Naples	director	96 S. GEORGE STREET, SUITE 500, YORK PA 17401
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Christopher Byron Rogers	officer: EVP and Chief Strategy Officer	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Harper H. Ko	officer: EVP, CLO and Sec.	7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
David Edward Williams	officer: EVP and CFO	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
Carl Sottosanti	officer: SVP,Gen Counsel & Secretary	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Jay A Snowden	officer: EVP-Chief Operating Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
William J Fair	officer: EVP - Chief Dev Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Desiree A. Burke	officer: V. P. and Chief Accounting Off	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610