Penn Historical Balance Sheet

PENN Stock

USD 21.23 0.31 1.44%

Trend analysis of Penn National Gaming balance sheet accounts such as Total Stockholder Equity of 3.4 B, Property Plant And Equipment Net of 10.3 B, Net Debt of 3.1 B or Accounts Payable of 28.9 M provides information on Penn National's total assets, liabilities, and equity, which is the actual value of Penn National Gaming to its prevalent stockholders. By breaking down trends over time using Penn National balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Penn National Gaming latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Penn National Gaming is a good buy for the upcoming year.

Penn National Inventory

113.92 Million

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Penn Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Penn National Gaming at a specified time, usually calculated after every quarter, six months, or one year. Penn National Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Penn National and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Penn currently owns. An asset can also be divided into two categories, current and non-current.

Penn National Balance Sheet Chart

At this time, Penn National's Net Debt is very stable compared to the past year. As of the 13th of November 2024, Cash is likely to grow to about 1.1 B, though Retained Earnings are likely to grow to (318.7 M).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Non Current Assets Total

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Total Assets

Total assets refers to the total amount of Penn National assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Penn National Gaming books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Penn National balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Penn National Gaming are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most accounts from Penn National's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Penn National Gaming current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penn National Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	11.6B	12.9B	2.8B	3.6B
Total Assets	16.9B	17.5B	16.1B	16.9B

Short Long Term Debt Total Total Assets

Penn National balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock	Other Assets
Total Assets		0.73	0.72	0.93	0.82	0.99	0.69	0.11	0.25	0.85	1.0	0.04	0.85	0.83	0.84	0.98	0.5	0.9	0.98	0.91	0.89	0.91	0.94	0.94	0.87	-0.15
Short Long Term Debt Total	0.73		0.45	0.46	0.44	0.75	0.99	-0.07	0.35	0.68	0.73	0.03	0.68	0.28	0.72	0.79	0.26	0.62	0.77	0.58	0.62	0.45	0.77	0.54	0.73	-0.02
Other Current Liab	0.72	0.45		0.74	0.65	0.7	0.41	0.16	0.13	0.64	0.72	0.22	0.64	0.8	0.68	0.68	0.35	0.63	0.69	0.82	0.7	0.73	0.58	0.73	0.64	-0.1
Total Current Liabilities	0.93	0.46	0.74		0.76	0.91	0.42	0.03	0.27	0.73	0.92	0.11	0.73	0.95	0.73	0.89	0.52	0.85	0.91	0.89	0.83	0.98	0.83	0.98	0.79	-0.06
Total Stockholder Equity	0.82	0.44	0.65	0.76		0.77	0.37	0.59	0.11	0.81	0.8	0.02	0.81	0.76	0.79	0.69	0.52	0.77	0.7	0.69	0.86	0.72	0.73	0.78	0.7	-0.42
Property Plant And Equipment Net	0.99	0.75	0.7	0.91	0.77		0.71	0.09	0.23	0.81	1.0	-0.01	0.81	0.8	0.79	0.99	0.48	0.87	0.99	0.93	0.85	0.9	0.95	0.91	0.84	-0.15
Net Debt	0.69	0.99	0.41	0.42	0.37	0.71		-0.1	0.35	0.61	0.7	0.0	0.61	0.23	0.66	0.76	0.24	0.57	0.74	0.55	0.54	0.41	0.75	0.48	0.67	0.01
Retained Earnings	0.11	-0.07	0.16	0.03	0.59	0.09	-0.1		-0.24	0.12	0.11	-0.3	0.12	0.1	0.2	-0.05	0.26	0.07	-0.04	0.09	0.14	-0.02	0.14	0.0	-0.01	-0.62
Accounts Payable	0.25	0.35	0.13	0.27	0.11	0.23	0.35	-0.24		0.21	0.25	0.44	0.21	0.1	0.46	0.27	0.17	0.2	0.28	0.11	0.21	0.22	0.2	0.25	0.37	0.65
Cash	0.85	0.68	0.64	0.73	0.81	0.81	0.61	0.12	0.21		0.82	0.26	1.0	0.68	0.83	0.8	0.31	0.82	0.8	0.68	0.99	0.74	0.73	0.83	0.85	-0.18
Non Current Assets Total	1.0	0.73	0.72	0.92	0.8	1.0	0.7	0.11	0.25	0.82		0.01	0.82	0.83	0.82	0.98	0.51	0.89	0.99	0.92	0.87	0.91	0.95	0.93	0.86	-0.14
Non Currrent Assets Other	0.04	0.03	0.22	0.11	0.02	-0.01	0.0	-0.3	0.44	0.26	0.01		0.26	0.12	0.14	0.04	-0.19	0.22	0.04	0.06	0.25	0.07	-0.09	0.19	0.15	0.5
Cash And Short Term Investments	0.85	0.68	0.64	0.73	0.81	0.81	0.61	0.12	0.21	1.0	0.82	0.26		0.68	0.83	0.8	0.31	0.82	0.8	0.68	0.99	0.74	0.73	0.83	0.85	-0.18
Net Receivables	0.83	0.28	0.8	0.95	0.76	0.8	0.23	0.1	0.1	0.68	0.83	0.12	0.68		0.65	0.78	0.46	0.81	0.8	0.84	0.79	0.94	0.7	0.92	0.68	-0.13
Common Stock Shares Outstanding	0.84	0.72	0.68	0.73	0.79	0.79	0.66	0.2	0.46	0.83	0.82	0.14	0.83	0.65		0.79	0.54	0.76	0.79	0.67	0.84	0.68	0.74	0.78	0.93	-0.1
Non Current Liabilities Total	0.98	0.79	0.68	0.89	0.69	0.99	0.76	-0.05	0.27	0.8	0.98	0.04	0.8	0.78	0.79		0.45	0.87	1.0	0.91	0.83	0.89	0.94	0.91	0.86	-0.06
Other Current Assets	0.5	0.26	0.35	0.52	0.52	0.48	0.24	0.26	0.17	0.31	0.51	-0.19	0.31	0.46	0.54	0.45		0.44	0.46	0.48	0.38	0.48	0.46	0.51	0.46	-0.33
Other Stockholder Equity	0.9	0.62	0.63	0.85	0.77	0.87	0.57	0.07	0.2	0.82	0.89	0.22	0.82	0.81	0.76	0.87	0.44		0.87	0.77	0.86	0.79	0.89	0.89	0.82	-0.19
Total Liab	0.98	0.77	0.69	0.91	0.7	0.99	0.74	-0.04	0.28	0.8	0.99	0.04	0.8	0.8	0.79	1.0	0.46	0.87		0.91	0.84	0.91	0.94	0.92	0.86	-0.06
Property Plant And Equipment Gross	0.91	0.58	0.82	0.89	0.69	0.93	0.55	0.09	0.11	0.68	0.92	0.06	0.68	0.84	0.67	0.91	0.48	0.77	0.91		0.75	0.9	0.84	0.88	0.74	-0.13
Total Current Assets	0.89	0.62	0.7	0.83	0.86	0.85	0.54	0.14	0.21	0.99	0.87	0.25	0.99	0.79	0.84	0.83	0.38	0.86	0.84	0.75		0.82	0.76	0.9	0.86	-0.19
Short Term Debt	0.91	0.45	0.73	0.98	0.72	0.9	0.41	-0.02	0.22	0.74	0.91	0.07	0.74	0.94	0.68	0.89	0.48	0.79	0.91	0.9	0.82		0.78	0.95	0.75	-0.03
Intangible Assets	0.94	0.77	0.58	0.83	0.73	0.95	0.75	0.14	0.2	0.73	0.95	-0.09	0.73	0.7	0.74	0.94	0.46	0.89	0.94	0.84	0.76	0.78		0.83	0.8	-0.24
Common Stock Total Equity	0.94	0.54	0.73	0.98	0.78	0.91	0.48	0.0	0.25	0.83	0.93	0.19	0.83	0.92	0.78	0.91	0.51	0.89	0.92	0.88	0.9	0.95	0.83		0.85	-0.1
Common Stock	0.87	0.73	0.64	0.79	0.7	0.84	0.67	-0.01	0.37	0.85	0.86	0.15	0.85	0.68	0.93	0.86	0.46	0.82	0.86	0.74	0.86	0.75	0.8	0.85		-0.1
Other Assets	-0.15	-0.02	-0.1	-0.06	-0.42	-0.15	0.01	-0.62	0.65	-0.18	-0.14	0.5	-0.18	-0.13	-0.1	-0.06	-0.33	-0.19	-0.06	-0.13	-0.19	-0.03	-0.24	-0.1	-0.1

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Penn National Account Relationship Matchups

Penn National balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.2B	14.7B	16.9B	17.5B	16.1B	16.9B
Short Long Term Debt Total	11.3B	11.2B	11.6B	12.9B	2.8B	3.6B
Other Current Liab	147.1M	137.4M	201M	770.8M	382.2M	401.3M
Total Current Liabilities	905.6M	860M	1.1B	1.2B	1.5B	1.6B
Total Stockholder Equity	1.9B	2.7B	4.1B	3.6B	3.2B	3.4B
Property Plant And Equipment Net	10.0B	9.3B	9.4B	10.6B	9.8B	10.3B
Net Debt	10.9B	9.3B	9.7B	11.3B	1.7B	3.1B
Retained Earnings	161.6M	(507.3M)	(86.5M)	154.5M	(335.5M)	(318.7M)
Accounts Payable	40.3M	33.2M	53.3M	40.1M	36.6M	28.9M
Cash	437.4M	1.9B	1.9B	1.6B	1.1B	1.1B
Non Current Assets Total	13.6B	12.6B	14.6B	15.5B	14.4B	15.1B
Non Currrent Assets Other	(75.9M)	171.6M	74M	159M	69.7M	130.9M
Cash And Short Term Investments	437.4M	1.9B	1.9B	1.6B	1.1B	1.1B
Net Receivables	88.7M	96.4M	195M	246.4M	319M	335.0M
Common Stock Shares Outstanding	117.8M	134M	175.5M	176.6M	152.1M	97.6M
Liabilities And Stockholders Equity	14.2B	14.7B	16.9B	17.5B	16.1B	16.9B
Non Current Liabilities Total	11.4B	11.2B	11.6B	12.7B	11.4B	11.9B
Other Current Assets	40M	31.3M	32.4M	36.9M	42.6M	40.4M
Other Stockholder Equity	1.7B	3.1B	4.2B	3.6B	3.7B	3.8B
Total Liab	12.3B	12.0B	12.8B	13.9B	12.9B	13.5B
Property Plant And Equipment Gross	10.0B	9.3B	4.6B	14.0B	12.3B	12.9B
Total Current Assets	642.8M	2.1B	2.2B	2.0B	1.7B	1.7B
Short Term Debt	234M	251.7M	281.4M	313.9M	431.5M	453.1M
Intangible Assets	2.0B	1.5B	1.9B	1.7B	1.6B	1.7B
Common Stock Total Equity	1.2M	1.2M	1.6M	1.7M	2.0M	2.1M
Common Stock	1.2M	1.2M	1.6M	1.7M	1.8M	971.5K
Other Assets	106.4M	133M	157M	161.2M	185.4M	218.9M
Long Term Debt	2.3B	2.2B	2.6B	2.7B	2.7B	2.0B
Good Will	1.3B	1.2B	2.8B	2.7B	2.7B	1.4B
Property Plant Equipment	5.1B	4.5B	9.4B	4.5B	5.2B	2.8B
Current Deferred Revenue	484.2M	437.7M	597.5M	33.9M	639.7M	671.7M
Other Liab	342.6M	245.7M	318.1M	151.8M	174.6M	129.1M
Net Tangible Assets	(1.4B)	(37.5M)	320.5M	888.8M	799.9M	839.9M
Noncontrolling Interest In Consolidated Entity	(800K)	(400K)	(700K)	(1.1M)	(990K)	(940.5K)
Retained Earnings Total Equity	161.6M	(507.3M)	(86.5M)	154.5M	139.1M	146.0M
Long Term Debt Total	2.3B	2.2B	2.6B	2.7B	3.1B	2.7B
Capital Surpluse	1.7B	3.2B	4.2B	4.2B	4.9B	5.1B
Inventory	76.7M	103.5M	132.3M	106.1M	225.6M	113.9M

Pair Trading with Penn National

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Penn National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Penn National will appreciate offsetting losses from the drop in the long position's value.

Moving against Penn Stock

0.36	AGI	Ainsworth Game Technology	Pair Corr
0.34	BBY	Best Buy Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Penn National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penn National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Penn National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Penn National Gaming to buy it.

The correlation of Penn National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Penn National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penn National Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Penn National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Penn National Gaming offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penn National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Penn National Gaming Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penn National Gaming Stock:

How To Invest In Penn

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Is Penn Stock a good investment?

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What is Penn National's Net Worth?

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Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Penn National. If investors know Penn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Penn National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.089

Earnings Share

(3.52)

Revenue Per Share

41.491

Quarterly Revenue Growth

0.012

Return On Assets

(0.0008)

The market value of Penn National Gaming is measured differently than its book value, which is the value of Penn that is recorded on the company's balance sheet. Investors also form their own opinion of Penn National's value that differs from its market value or its book value, called intrinsic value, which is Penn National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Penn National's market value can be influenced by many factors that don't directly affect Penn National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Penn National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penn National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Penn Historical Balance Sheet

Penn National Inventory

113.92 Million

About Penn Balance Sheet Analysis

Penn National Balance Sheet Chart

Total Assets

Total Current Liabilities

Non Current Assets Total

Penn National balance sheet Correlations

Penn National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Penn National balance sheet Accounts

Pair Trading with Penn National

Moving against Penn Stock

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total

Other Assets	- 0.62	Retained Earnings
Other Assets	- 0.42	Total Stockholder Equity
Other Assets	- 0.33	Other Current Assets
Non Currrent Assets Other	- 0.3	Retained Earnings
Other Assets	- 0.24	Intangible Assets
Accounts Payable	- 0.24	Retained Earnings