Penn Short Term Debt vs Cash And Short Term Investments Analysis
PENN Stock | USD 15.93 0.01 0.06% |
Penn National financial indicator trend analysis is much more than just breaking down Penn National Gaming prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Penn National Gaming is a good investment. Please check the relationship between Penn National Short Term Debt and its Cash And Short Term Investments accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Short Term Debt vs Cash And Short Term Investments
Short Term Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penn National Gaming Short Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Penn National's Short Term Debt and Cash And Short Term Investments is 0.74. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Penn National Gaming, assuming nothing else is changed. The correlation between historical values of Penn National's Short Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Penn National Gaming are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Term Debt i.e., Penn National's Short Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Debt
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Penn National Gaming balance sheet. This account contains Penn National investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Penn National Gaming fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Penn National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. As of the 19th of May 2024, Selling General Administrative is likely to grow to about 1.6 B, while Tax Provision is likely to drop (8.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.8B | 2.8B | 1.9B | 1.0B | Total Revenue | 5.9B | 6.4B | 6.4B | 6.7B |
Penn National fundamental ratios Correlations
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Penn National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Penn National fundamental ratios 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 |
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Is Penn National's industry 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 (7.33) | Revenue Per Share 41.493 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0068 |
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.