The company's financial position appears increasingly strained, evidenced by a debt-to-equity ratio of 4.54 and a significant $1.8B goodwill balance as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 1.16B | 1.17B | 1.15B | 1.66B | 2.01B | 2.22B | 2.08B | 642.8M | 677.66M | 401.03M | 399.26M | 372.48M | 386.01M | 508.86M | 487.14M | 415.79M | 465.95M | 938.45M | 906.3M | 302.7M | 401.96M | 306.34M | 174.2M | 189.74M | 94.44M | 70.11M | 40.84M | 18M | 14.1M | 29M | 11.6M |
| Cash & Short-Term Investments | 708M | 686.6M | 706.6M | 1.07B | 1.62B | 1.86B | 1.85B | 437.4M | 479.6M | 277.95M | 229.51M | 237.01M | 208.67M | 293M | 260.47M | 238.44M | 246.38M | 713.12M | 746.28M | 174.37M | 168.51M | 132.62M | 87.62M | 106.97M | 55.12M | 38.38M | 23.29M | 9.4M | 6.8M | 21.9M | 5.6M |
| Cash Only | 708M | 686.6M | 706.6M | 1.07B | 1.62B | 1.86B | 1.85B | 437.4M | 479.6M | 277.95M | 229.51M | 237.01M | 208.67M | 293M | 260.47M | 238.44M | 246.38M | 713.12M | 746.28M | 174.37M | 168.51M | 132.62M | 87.62M | 106.97M | 55.12M | 38.38M | 23.29M | 9.4M | 6.8M | 21.9M | 5.6M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 241M | 254.2M | 256.8M | 319M | 246.4M | 195M | 96.4M | 88.7M | 106.84M | 62.8M | 61.85M | 45.19M | 41.62M | 52.54M | 53.72M | 56.53M | 44.46M | 80.17M | 43.57M | 56.43M | 153.83M | 98.79M | 40.81M | 25.74M | 19.42M | 19.37M | 10.34M | 4.8M | 3.8M | 2.3M | 4.3M |
| Days Sales Outstanding | 12.63 | 13.33 | 14.25 | 18.3 | 14.05 | 12.05 | 9.83 | 6.11 | 10.87 | 7.28 | 7.44 | 5.81 | 5.86 | 6.57 | 6.76 | 7.52 | 6.6 | 12.35 | 6.56 | 8.45 | 23.88 | 25.53 | 13.06 | 8.08 | 10.78 | 13.61 | 12.83 | 10.22 | 9 | 7.53 | 24.99 |
| Inventory | 0 | 0 | 0 | 0 | 106.1M | 132.3M | 0 | 76.7M | 62.97M | 43.78M | 59.71M | 76.78M | 124.53M | 133.82M | 134.41M | 72.11M | 97.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | 10.66 | 15.34 | - | 9.48 | 11.22 | 8.81 | 12.4 | 17.28 | 30.95 | 29.35 | 29.09 | 16.24 | 24.32 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 60.3M | 73.6M | 38.7M | 42.6M | -69.2M | -99.9M | 31.3M | -36.7M | 28.25M | 16.49M | 48.19M | 13.5M | 11.19M | 70.94M | 78.33M | 81.02M | 102.71M | 64.64M | 116.45M | 71.9M | 22.19M | 48.15M | 18.27M | 17.28M | 4.41M | 4.61M | 1.91M | 3.8M | 3.5M | 4.8M | 1.7M |
| Total Non-Current Assets | 12.96B | 13.1B | 14.11B | 14.41B | 15.49B | 14.65B | 12.58B | 13.55B | 10.28B | 4.83B | 4.58B | 4.77B | 1.85B | 1.68B | 5.16B | 4.19B | 4B | 3.77B | 4.28B | 4.66B | 4.11B | 3.88B | 1.47B | 1.42B | 671.04M | 609.27M | 399.06M | 172.6M | 146.7M | 129.9M | 85.1M |
| Property, Plant & Equipment | 9.49B | 9.61B | 9.7B | 9.82B | 10.62B | 9.44B | 9.35B | 9.96B | 6.87B | 2.76B | 2.82B | 2.98B | 769.14M | 497.46M | 2.73B | 2.28B | 1.97B | 1.84B | 1.81B | 1.69B | 1.37B | 1.06B | 597.39M | 740.51M | 450.89M | 389.92M | 288.32M | 126.9M | 120.8M | 103.2M | 58.7M |
| Fixed Asset Turnover | 0.74x | 0.72x | 0.68x | 0.65x | 0.60x | 0.63x | 0.38x | 0.53x | 0.52x | 1.14x | 1.08x | 0.95x | 3.37x | 5.87x | 1.06x | 1.20x | 1.25x | 1.29x | 1.34x | 1.44x | 1.72x | 1.33x | 1.91x | 1.57x | 1.46x | 1.33x | 1.02x | 1.35x | 1.28x | 1.08x | 1.07x |
| Goodwill | 1.78B | 1.79B | 2.56B | 2.7B | 2.69B | 2.82B | 1.16B | 1.27B | 1.23B | 1.01B | 989.68M | 911.94M | 277.58M | 492.4M | 1.38B | 1.18B | 1.19B | 1.38B | 1.6B | 2.01B | 1.87B | 1.85B | 588.09M | 603.47M | 160.51M | 160.21M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.4B | 1.4B | 1.53B | 1.62B | 1.74B | 1.87B | 1.51B | 2.03B | 1.86B | 422.61M | 435.49M | 391.44M | 370.56M | 359.65M | 706.48M | 421.59M | 415.15M | 376.95M | 693.76M | 777.44M | 726.13M | 0 | 0 | 0 | 0 | 0 | 87.75M | 21.6M | 22.4M | 23.1M | 21.9M |
| Long-Term Investments | 337.1M | 79.4M | 86.2M | 84.9M | 248.6M | 255.1M | 266.8M | 128.3M | 128.49M | 148.91M | 156.18M | 168.15M | 179.55M | 193.33M | 204.51M | 174.12M | 64.12M | 26.3M | 14.42M | 16M | 16M | 17M | 0 | -17.29M | -4.41M | 14.19M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 213.3M | 223.9M | 232M | 187.3M | 159M | 74M | 171.6M | -75.9M | 120.2M | 106.55M | 46.56M | 206.75M | 174.52M | 61.2M | 94.66M | 104.98M | 340.92M | 129.82M | 143.42M | 150.28M | 112.49M | 975.51M | 283.73M | 75.88M | 59.65M | 40.34M | 22.99M | 24.1M | 3.5M | 3.6M | 4.5M |
| Total Assets | 14.12B | 14.27B | 15.26B | 16.06B | 17.5B | 16.87B | 14.67B | 14.19B | 10.96B | 5.23B | 4.97B | 5.14B | 2.24B | 2.18B | 5.64B | 4.61B | 4.46B | 4.71B | 5.19B | 4.97B | 4.51B | 4.19B | 1.64B | 1.61B | 765.48M | 679.38M | 439.9M | 190.6M | 160.8M | 158.9M | 96.7M |
| Asset Turnover | 0.49x | 0.49x | 0.43x | 0.40x | 0.37x | 0.35x | 0.24x | 0.37x | 0.33x | 0.60x | 0.61x | 0.55x | 1.16x | 1.34x | 0.51x | 0.60x | 0.55x | 0.50x | 0.47x | 0.49x | 0.52x | 0.34x | 0.69x | 0.72x | 0.86x | 0.76x | 0.67x | 0.90x | 0.96x | 0.70x | 0.65x |
| Asset Growth % | -22.84% | -6.51% | -5% | -8.22% | 3.73% | 15.03% | 3.33% | 29.5% | 109.39% | 5.23% | -3.2% | 129.77% | 2.4% | -61.3% | 22.53% | 3.21% | -5.3% | -9.19% | 4.48% | 10.03% | 7.72% | 154.98% | 2.1% | 110.27% | 12.67% | 54.44% | 130.8% | 18.53% | 1.2% | 64.32% | 251.64% |
| Total Current Liabilities | 1.42B | 1.48B | 1.42B | 1.49B | 1.16B | 1.13B | 860M | 905.6M | 738.44M | 530.01M | 536.32M | 557.77M | 435.52M | 361.47M | 499.62M | 426.34M | 691.53M | 430.26M | 470.49M | 493.87M | 415.67M | 341.31M | 178.11M | 287.04M | 92.98M | 92.09M | 49.29M | 25.4M | 12.2M | 13.8M | 12.1M |
| Accounts Payable | 71M | 54.2M | 50.8M | 36.6M | 40.1M | 53.3M | 33.2M | 40.3M | 30.5M | 26.05M | 35.09M | 72.82M | 43.14M | 22.58M | 38.27M | 39.58M | 17.31M | 19.85M | 35.54M | 28.58M | 37.93M | 32.32M | 13.63M | 10.79M | 19.45M | 18.98M | 18.44M | 10.21M | 6.2M | 7.4M | 5.1M |
| Days Payables Outstanding | 4.77 | 3.91 | 4.2 | 3.34 | 4.03 | 6.18 | 6.49 | 4.98 | 5.44 | 5.24 | 7.29 | 16.39 | 10.72 | 4.95 | 8.28 | 8.91 | 4.31 | 5.07 | 9.09 | 7.44 | 10.59 | 13.8 | 7.3 | 5.56 | 17.53 | 22.02 | 35.43 | 40.64 | 26.41 | 39.9 | 48.73 |
| Short-Term Debt | 475M | 469.9M | 38.2M | 47.6M | 56.2M | 99.5M | 81.4M | 62.9M | 62.1M | 35.61M | 85.59M | 92.11M | 30.85M | 27.6M | 81.5M | 44.56M | 357.93M | 86.07M | 105.28M | 93.45M | 40.06M | 18.57M | 4.49M | 124.98M | 18K | 15.14M | 11.39M | 5.2M | 200K | 200K | 1.6M |
| Deferred Revenue (Current) | 162.2M | 0 | 181.1M | 0 | 165.1M | 189.1M | 126.3M | 484.2M | 465.38M | 320.11M | 260.87M | 256.91M | 272.15M | 241.59M | 307.22M | 272.19M | 257.93M | 276.44M | 242.34M | 274.36M | 222.37M | 205.5M | 97.5M | 112.56M | 57.37M | 47.42M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 870.4M | 951.4M | -36.7M | 382.2M | -32.2M | 11.9M | 11.1M | -75.1M | 374.78M | 236.15M | 266.8M | 243.63M | 279.68M | 229.69M | 72.63M | 251.22M | 242.86M | 258.73M | 274.29M | 317.69M | 277.52M | 235.84M | 132.34M | 66.11M | 16.15M | 10.56M | 19.46M | 9.99M | 5.8M | 6.2M | 5.4M |
| Current Ratio | 0.82x | 0.79x | 0.82x | 1.11x | 1.74x | 1.96x | 2.42x | 0.71x | 0.92x | 0.76x | 0.74x | 0.67x | 0.89x | 1.41x | 0.98x | 0.98x | 0.67x | 2.18x | 1.93x | 0.61x | 0.97x | 0.90x | 0.98x | 0.66x | 1.02x | 0.76x | 0.83x | 0.71x | 1.16x | 2.10x | 0.96x |
| Quick Ratio | 0.82x | 0.79x | 0.82x | 1.11x | 1.65x | 1.85x | 2.42x | 0.63x | 0.83x | 0.67x | 0.63x | 0.53x | 0.60x | 1.04x | 0.71x | 0.81x | 0.53x | 2.18x | 1.93x | 0.61x | 0.97x | 0.90x | 0.98x | 0.66x | 1.02x | 0.76x | 0.83x | 0.71x | 1.16x | 2.10x | 0.96x |
| Cash Conversion Cycle | 7.86 | - | - | - | 20.68 | 21.21 | - | 10.6 | 16.66 | 10.85 | 12.55 | 6.7 | 26.09 | 30.97 | 27.57 | 14.85 | 26.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 10.88B | 10.97B | 10.99B | 11.37B | 12.75B | 11.64B | 11.15B | 11.44B | 9.49B | 4.78B | 4.98B | 5.26B | 1.25B | 1.06B | 2.89B | 2.21B | 1.99B | 2.43B | 2.66B | 3.35B | 3.18B | 3.3B | 1.07B | 1.01B | 425.5M | 484.02M | 311.39M | 98.9M | 89.6M | 91.2M | 56.7M |
| Long-Term Debt | 7.79B | 7.91B | 2.73B | 2.72B | 2.72B | 2.64B | 2.23B | 2.32B | 2.35B | 4.7B | 4.79B | 5.13B | 1.19B | 1.02B | 2.65B | 2B | 1.81B | 2.25B | 2.32B | 2.88B | 2.79B | 2.77B | 854.41M | 984.49M | 375M | 443.77M | 297.91M | 86.05M | 78.1M | 80.1M | 46M |
| Capital Lease Obligations | 15.73B | 0 | 8.06B | 8.39B | 9.87B | 8.69B | 8.67B | 8.77B | 7.08B | 3.48B | 3.46B | 3.51B | 3.56B | 3.49B | 0 | 0 | 0 | 0 | 0 | 6.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 382M | 87.8M | 61M | 117.6M | 33.9M | 189.1M | 126.3M | 244.6M | 1.93B | 542.83M | 126.92M | 107.92M | 0 | 13.91M | 216.36M | 201.45M | 171.42M | 173.81M | 334.24M | 385.09M | 387.62M | 259.71M | 31.81M | 27.79M | 50.5M | 40.25M | 13.48M | 12.9M | 11.5M | 11.1M | 10.8M |
| Other Non-Current Liabilities | 3B | 2.97B | 135M | 85.7M | 71.7M | 129M | 119.4M | 98M | 60.66M | -3.4B | -3.26B | -3.5B | 97.91M | 99.8M | 28.08M | 42.19M | 45.82M | 54.47M | 71.41M | 79.43M | 243K | 275.18M | 180.98M | 403K | 0 | 0 | 0 | 811K | 0 | 0 | -100K |
| Total Liabilities | 12.3B | 12.44B | 12.4B | 12.86B | 13.91B | 12.78B | 12.01B | 12.34B | 10.23B | 5.31B | 5.52B | 5.82B | 1.68B | 1.43B | 3.39B | 2.63B | 2.69B | 2.86B | 3.13B | 3.85B | 3.59B | 3.64B | 1.25B | 1.3B | 518.48M | 576.11M | 360.68M | 124.3M | 101.8M | 105M | 68.8M |
| Total Debt | 8.26B | 8.38B | 11.25B | 11.54B | 12.91B | 11.61B | 11.16B | 11.33B | 9.56B | 4.79B | 4.93B | 5.28B | 1.26B | 1.05B | 2.73B | 2.04B | 2.17B | 2.33B | 2.43B | 2.99B | 2.83B | 2.79B | 858.91M | 1.11B | 375.02M | 458.91M | 309.3M | 91.3M | 78.3M | 80.3M | 47.6M |
| Net Debt | 7.55B | 7.69B | 10.54B | 10.47B | 11.28B | 9.74B | 9.3B | 10.89B | 9.08B | 4.51B | 4.7B | 5.04B | 1.05B | 757.8M | 2.47B | 1.8B | 1.92B | 1.62B | 1.68B | 2.82B | 2.66B | 2.65B | 771.29M | 1B | 319.9M | 420.53M | 286.01M | 81.9M | 71.5M | 58.4M | 42M |
| Debt / Equity | 4.54x | 4.58x | 3.94x | 3.61x | 3.59x | 2.83x | 4.20x | 6.12x | 13.07x | - | - | - | 2.27x | 1.39x | 1.21x | 1.04x | 1.22x | 1.26x | 1.18x | 2.67x | 3.07x | 5.10x | 2.16x | 3.58x | 1.52x | 4.44x | 3.90x | 1.38x | 1.33x | 1.49x | 1.71x |
| Debt / EBITDA | -199.06x | 11.65x | 22.23x | - | 8.37x | 8.27x | - | 11.49x | 10.59x | 6.45x | 6.05x | 7.25x | - | - | 3.97x | 2.87x | 5.94x | - | 27.90x | 4.54x | 3.97x | 8.66x | 3.01x | 4.33x | 2.64x | 4.09x | 5.20x | 3.05x | 3.09x | 4.96x | 4.49x |
| Net Debt / EBITDA | -182.00x | 10.70x | 20.83x | - | 7.32x | 6.94x | - | 11.04x | 10.06x | 6.08x | 5.77x | 6.93x | - | - | 3.59x | 2.54x | 5.26x | - | 19.33x | 4.28x | 3.73x | 8.25x | 2.71x | 3.91x | 2.25x | 3.75x | 4.81x | 2.74x | 2.83x | 3.60x | 3.96x |
| Interest Coverage | -1.46x | -1.02x | 0.27x | -0.08x | 1.23x | 1.96x | -0.53x | 1.16x | 1.17x | 0.95x | 1.26x | 1.13x | 0.64x | -2.92x | 5.00x | 4.91x | 1.03x | -1.65x | 0.72x | - | - | - | - | 4.19x | 2.33x | - | - | - | - | - | - |
| Total Equity | 1.82B | 1.83B | 2.86B | 3.2B | 3.6B | 4.1B | 2.66B | 1.85B | 731.22M | -73.15M | -543.32M | -678.04M | 554.49M | 758.4M | 2.25B | 1.97B | 1.78B | 1.85B | 2.06B | 1.12B | 921.16M | 546.54M | 398.09M | 309.88M | 247M | 103.27M | 79.22M | 66.3M | 59M | 53.9M | 27.9M |
| Equity Growth % | -113.23% | -36.07% | -10.66% | -11.04% | -12.22% | 54.27% | 43.41% | 153.26% | 1099.67% | 86.54% | 19.87% | -222.28% | -26.89% | -66.31% | 14.17% | 10.9% | -4.01% | -9.97% | 83.53% | 21.69% | 68.54% | 37.29% | 28.47% | 25.46% | 139.19% | 30.35% | 19.49% | 12.37% | 9.46% | 93.19% | 34.13% |
| Book Value per Share | 13.65 | 12.64 | 18.79 | 21.04 | 20.37 | 23.35 | 19.82 | 15.72 | 7.29 | -0.78 | -5.94 | -7.46 | 7.07 | 9.71 | 21.68 | 18.42 | 22.77 | 23.71 | 24.34 | 12.68 | 10.65 | 6.37 | 4.79 | 3.79 | 3.12 | 1.62 | 1.26 | 1.08 | 0.96 | 0.88 | 0.50 |
| Total Shareholders' Equity | 1.83B | 1.83B | 2.86B | 3.2B | 3.6B | 4.1B | 2.66B | 1.85B | 731.23M | -73.15M | -543.32M | -678.04M | 554.49M | 758.4M | 2.25B | 1.97B | 1.78B | 1.85B | 2.06B | 1.12B | 921.16M | 546.54M | 398.09M | 309.88M | 247M | 103.27M | 79.22M | 66.3M | 59M | 53.9M | 27.9M |
| Common Stock | 1.8M | 1.8M | 1.8M | 1.8M | 1.7M | 1.7M | 1.6M | 1.2M | 1.19M | 933K | 932K | 830K | 786K | 775K | 769K | 756K | 779K | 786K | 782K | 887K | 868K | 850K | 831K | 409K | 403K | 160K | 155K | 200K | 0 | 0 | 0 |
| Retained Earnings | -1.49B | -1.49B | -647M | -335.5M | 154.5M | -86.5M | -507.3M | 161.6M | -967.95M | -1.05B | -1.53B | -1.63B | -363.39M | -130.31M | 795.17M | 583.2M | 337.94M | 397.41M | 662.36M | 815.68M | 667.56M | 340.47M | 219.54M | 148.06M | 96.58M | 65.72M | 41.96M | 30M | 23.2M | 15.7M | 13.4M |
| Treasury Stock | -1.14B | -1.14B | -779.5M | -779.5M | -629.5M | -28.4M | -28.4M | -28.4M | -28.41M | -28.41M | -28.41M | -28.41M | -28.41M | -28.41M | 0 | 0 | 0 | 0 | 0 | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -2.4M | 0 | 0 | 0 |
| Accumulated OCI | -203.7M | -193.3M | -255M | -121.3M | -168.6M | -54.4M | 0 | 0 | -2.38B | -1.45M | -4.68M | -4.55M | -1.28M | 383K | 3.02M | 2.32M | -7.88M | -26.03M | -48.69M | -15.98M | 3.17M | -796K | -472K | 1.35M | -1.66M | -3.84M | -31.58M | -20.8M | -15.7M | -11M | -8M |
| Minority Interest | -7M | -6.5M | -4.3M | -2.5M | -1.1M | -700K | -400K | -800K | -5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -565K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High leverage and liquidity
According to recent financial filings, PENN's total equity has contracted from $3.2B in 2023Q4 to $1.8B in 2026Q1, signaling a weakening balance sheet trajectory as the company absorbs the costs of its digital transformation and ongoing operational losses within the Interactive segment.
The consistent decline in equity, coupled with persistent negative retained earnings, suggests that the company is consuming its capital base to fund strategic initiatives. Investors should monitor whether this trend reflects a structural impairment of value or merely the temporary cost of transitioning to an omnichannel gaming model.
As reported in quarterly statements, PENN maintains a debt-to-equity ratio of 4.54 as of 2026Q1, reflecting a highly leveraged capital structure that leaves the firm with limited flexibility to navigate potential downturns in regional gaming demand or further digital expansion costs.
The reliance on debt to support both physical asset maintenance and digital growth creates significant interest rate sensitivity. This leverage profile warrants further investigation into the company's debt maturity schedule and its ability to service these obligations if cash flow from the core retail business remains volatile.
Based on the provided balance sheet data, PENN's current ratio has declined from 1.11 in 2023Q4 to 0.82 in 2026Q1, indicating a tightening liquidity buffer that may struggle to cover short-term liabilities if operational cash burn continues at current levels.
A current ratio below 1.0 suggests that the company is increasingly reliant on external financing or cash flow from operations to meet its immediate obligations. This liquidity position appears vulnerable, particularly given the capital-intensive nature of the ESPN Bet integration and the high fixed costs of regional casino operations.
As evidenced by the balance sheet, PENN carries $1.8B in goodwill as of 2026Q1, which represents a significant portion of the company's $1.8B in total equity, highlighting potential risks of future impairment charges if digital growth targets fail to materialize.
The concentration of intangible assets relative to equity suggests that the company's valuation is heavily dependent on the success of its digital strategy. If the Interactive segment does not achieve profitability, the carrying value of these assets may require downward adjustments, further pressuring the equity base.
Quick answers to the most common questions about buying PENN stock.
As of 2025, PENN Entertainment, Inc. (PENN) had total assets of $14.27B including $1.17B in current assets.
PENN Entertainment, Inc. (PENN) carries total debt of $8.38B, offset by $686.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
PENN Entertainment, Inc. (PENN) has total shareholders' equity (book value) of $1.83B ($12.64 book value per share). Book value represents the net worth of the company belonging to common stock holders.
PENN Entertainment, Inc. (PENN) reported a current ratio of 0.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.