PENN Entertainment Interest Coverage

: 1.55 (As of Jun. 2022)

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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 by its Interest Expense. PENN Entertainment's Operating Income for the three months ended in Jun. 2022 was $302 Mil. PENN Entertainment's Interest Expense for the three months ended in Jun. 2022 was $-195 Mil. PENN Entertainment's interest coverage for the quarter that ended in Jun. 2022 was 1.55. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for PENN Entertainment's Interest Coverage or its related term are showing as below:

PENN' s Interest Coverage Range Over the Past 10 Years
Min: 0.39 Med: 1.21 Max: 4.75
Current: 1.64

PENN's Interest Coverage is ranked worse than
76.69% of 472 companies
in the Travel & Leisure industry
Industry Median: 6.81 vs PENN: 1.64

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 Coverage Historical Data

The historical data trend for PENN Entertainment's Interest Coverage 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

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Coverage

0.99

1.24

1.39

0.39

1.88

PENN Entertainment Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Interest Coverage																2.73	1.65	1.58	1.81	1.55

Competitive Comparison

For the Resorts & Casinos subindustry, PENN Entertainment's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Interest Coverage distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Interest Coverage falls into.

PENN Entertainment Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.

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 Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, PENN Entertainment's Interest Expense was $-563 Mil. Its Operating Income was $1,060 Mil. And its Long-Term Debt & Capital Lease Obligation was $11,324 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2021 )	/	Interest Expense (A: Dec. 2021 )
	=	-1	*	1059.6	/	-562.8
	=	1.88

PENN Entertainment's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, PENN Entertainment's Interest Expense was $-195 Mil. Its Operating Income was $302 Mil. And its Long-Term Debt & Capital Lease Obligation was $12,673 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2022 )	/	Interest Expense (Q: Jun. 2022 )
	=	-1	*	302.4	/	-194.9
	=	1.55

The higher the ratio, the stronger the company's Financial Strength is.

PENN Entertainment (NAS:PENN) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

PENN Entertainment Interest Coverage Related Terms

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

PENN Entertainment Business Description

Industry

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

Comparable Companies

NYSE:VAC NYSE:BYD NYSE:HGV NAS:WYNN NAS:MLCO NAS:RRR NYSE:MTN NAS:CZR NAS:GDEN NAS:MCRI NYSE:LVS HKSE:00027 HKSE:01928 NYSE:MGM SGX:G13 ASX:CWN XKLS:3182 HKSE:03918 XKRX:035250 XKLS:4715

Traded in Other Exchanges

PENN:Mexico PN1:Germany PN1:Germany P2EN34:Brazil

Address

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

Website

http://www.pngaming.com

Penn National Gaming Inc 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. It offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia.

Executives

Black Gupta Vimla	director	825 BERKSHIRE BLVD. WYOMISSING PA 19610
Hendrix Felicia	officer: EVP and CFO	825 BERKSHIRE BLVD. WYOMISSING PA 19610
George Todd	officer: EVP, Operations	825 BERKSHIRE BLVD. WYOMISSING PA 19610
Kaplowitz Marla	director	825 BERKSHIRE BLVD. WYOMISSING PA 19610
Labombard Christine	officer: SVP and CAO	825 BERKSHIRE BOULEVARD WYOMISSING PA 19610
Naples Ronald J	director	96 S. GEORGE STREET SUITE 500 YORK PA 17401
Scaccetti Jane	director	3111 W ALLEGHENY AVE PHILADELPHIA PA 19132
Rogers Christopher Byron	officer: EVP and Chief Strategy Officer	825 BERKSHIRE BLVD. WYOMISSING PA 19610
Ko Harper H.	officer: EVP, CLO and Sec.	7250 S. TENAYA WAY SUITE 100 LAS VEGAS NV 89113
Williams David Edward	officer: EVP and CFO	825 BERKSHIRE BOULEVARD WYOMISSING PA 19610
Reibstein Saul	officer: EVP-Finance, CFO & Treasurer	C/O VISHAY PRECISION GROUP, INC. 3 GREAT VALLEY PARKWAY, SUITE 150 MALVERN PA 19355
Sottosanti Carl	officer: SVP,Gen Counsel & Secretary	825 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610
Snowden Jay A	officer: EVP-Chief Operating Officer	825 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610
Fair William J	officer: EVP - Chief Dev Officer	825 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610
Burke Desiree A.	officer: V. P. and Chief Accounting Off	845 BERKSHIRE BOULEVARD SUITE 200 WYOMISSING PA 19610

PENN Entertainment Headlines

From GuruFocus

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Other Sources

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PENN Entertainment Interest Coverage

PENN Entertainment Interest Coverage Historical Data

PENN Entertainment Interest Coverage Calculation

PENN Entertainment Interest Coverage Related Terms

PENN Entertainment Business Description

PENN Entertainment Headlines

Penn National Gaming Approved to Offer Mobile and Online Barstool Sportsbook in Louisiana

Ron Baron Comments on Penn National Gaming

Modus Advisors, LLC Buys iShares Gold Trust, Penn National Gaming Inc, JPMorgan Ultra-Short Municipal Income ETF, Sells Alibaba Group Holding, Baidu Inc, Bank of America Corp

Penn National Gaming to Report Fourth Quarter Results and Host Conference Call and Webcast on February 3

Ron Baron Comments on Penn National Gaming

Penn National Gaming Celebrates Grand Opening of Hollywood Casino Morgantown

K.J. Harrison & Partners Inc Buys The Lion Electric Co, 1847 Goedeker Inc, DD3 Acquisition Corp II, Sells Taiwan Semiconductor Manufacturing Co, DD3 Acquisition Corp II, DD3 Acquisition Corp II

theScore Bet Online Sportsbook and iCasino Debuts in Ontario

Forum Funds Buys Penn National Gaming Inc, Q2 Holdings Inc, MicroStrategy Inc, Sells Accuray Inc, Varex Imaging Corp, Jazz Pharmaceuticals PLC

Penn National Gaming's "myheroes" Program Reaches Milestone with 100,000 Active-Duty Military, Veterans and First Responders Enrolled

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