Penn Net Debt vs Retained Earnings Analysis

PENN Stock

USD 20.22 0.20 1.00%

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 Net Debt and its Retained Earnings 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penn National Gaming Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Penn National's Net Debt and Retained Earnings is -0.08. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings 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 Net Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Penn National Gaming are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Penn National's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Penn National's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 37.85, 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

Gross Profit Total Revenue

Penn National fundamental ratios 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		0.98	0.83	0.93	0.82	0.99	0.97	0.11	0.25	0.85	1.0	0.04	0.85	0.83	0.84	0.98	0.8	0.9	0.98	0.91	0.89	0.91	0.94	0.94	0.87	-0.15
Short Long Term Debt Total	0.98		0.77	0.9	0.68	0.99	1.0	-0.06	0.27	0.8	0.98	0.04	0.8	0.78	0.78	1.0	0.73	0.87	1.0	0.91	0.83	0.9	0.94	0.91	0.86	-0.05
Other Current Liab	0.83	0.77		0.93	0.79	0.8	0.74	0.1	0.1	0.78	0.82	0.16	0.78	0.97	0.65	0.76	0.99	0.79	0.79	0.8	0.87	0.94	0.67	0.93	0.7	-0.14
Total Current Liabilities	0.93	0.9	0.93		0.76	0.91	0.89	0.03	0.27	0.73	0.92	0.11	0.73	0.95	0.73	0.89	0.91	0.85	0.91	0.89	0.83	0.98	0.83	0.98	0.79	-0.06
Total Stockholder Equity	0.82	0.68	0.79	0.76		0.77	0.64	0.59	0.11	0.81	0.8	0.02	0.81	0.76	0.79	0.69	0.79	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	0.99	0.8	0.91	0.77		0.98	0.09	0.23	0.81	1.0	-0.01	0.81	0.8	0.79	0.99	0.76	0.87	0.99	0.93	0.85	0.9	0.95	0.91	0.84	-0.15
Net Debt	0.97	1.0	0.74	0.89	0.64	0.98		-0.08	0.27	0.75	0.97	0.01	0.75	0.77	0.75	1.0	0.7	0.85	1.0	0.91	0.78	0.89	0.94	0.89	0.83	-0.03
Retained Earnings	0.11	-0.06	0.1	0.03	0.59	0.09	-0.08		-0.24	0.12	0.11	-0.3	0.12	0.1	0.2	-0.05	0.13	0.07	-0.04	0.09	0.14	-0.02	0.14	0.0	-0.01	-0.62
Accounts Payable	0.25	0.27	0.1	0.27	0.11	0.23	0.27	-0.24		0.21	0.25	0.44	0.21	0.1	0.46	0.27	0.06	0.2	0.28	0.11	0.21	0.22	0.2	0.25	0.37	0.65
Cash	0.85	0.8	0.78	0.73	0.81	0.81	0.75	0.12	0.21		0.82	0.26	1.0	0.68	0.83	0.8	0.73	0.82	0.8	0.68	0.99	0.74	0.73	0.83	0.85	-0.18
Non Current Assets Total	1.0	0.98	0.82	0.92	0.8	1.0	0.97	0.11	0.25	0.82		0.01	0.82	0.83	0.82	0.98	0.78	0.89	0.99	0.92	0.87	0.91	0.95	0.93	0.86	-0.14
Non Currrent Assets Other	0.04	0.04	0.16	0.11	0.02	-0.01	0.01	-0.3	0.44	0.26	0.01		0.26	0.12	0.14	0.04	0.12	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	0.8	0.78	0.73	0.81	0.81	0.75	0.12	0.21	1.0	0.82	0.26		0.68	0.83	0.8	0.73	0.82	0.8	0.68	0.99	0.74	0.73	0.83	0.85	-0.18
Net Receivables	0.83	0.78	0.97	0.95	0.76	0.8	0.77	0.1	0.1	0.68	0.83	0.12	0.68		0.65	0.78	0.95	0.81	0.8	0.84	0.79	0.94	0.7	0.92	0.68	-0.13
Common Stock Shares Outstanding	0.84	0.78	0.65	0.73	0.79	0.79	0.75	0.2	0.46	0.83	0.82	0.14	0.83	0.65		0.79	0.61	0.76	0.79	0.67	0.84	0.68	0.74	0.78	0.93	-0.1
Non Current Liabilities Total	0.98	1.0	0.76	0.89	0.69	0.99	1.0	-0.05	0.27	0.8	0.98	0.04	0.8	0.78	0.79		0.72	0.87	1.0	0.91	0.83	0.89	0.94	0.91	0.86	-0.06
Other Current Assets	0.8	0.73	0.99	0.91	0.79	0.76	0.7	0.13	0.06	0.73	0.78	0.12	0.73	0.95	0.61	0.72		0.76	0.74	0.77	0.83	0.93	0.63	0.91	0.65	-0.18
Other Stockholder Equity	0.9	0.87	0.79	0.85	0.77	0.87	0.85	0.07	0.2	0.82	0.89	0.22	0.82	0.81	0.76	0.87	0.76		0.87	0.77	0.86	0.79	0.89	0.89	0.82	-0.19
Total Liab	0.98	1.0	0.79	0.91	0.7	0.99	1.0	-0.04	0.28	0.8	0.99	0.04	0.8	0.8	0.79	1.0	0.74	0.87		0.91	0.84	0.91	0.94	0.92	0.86	-0.06
Property Plant And Equipment Gross	0.91	0.91	0.8	0.89	0.69	0.93	0.91	0.09	0.11	0.68	0.92	0.06	0.68	0.84	0.67	0.91	0.77	0.77	0.91		0.75	0.9	0.84	0.88	0.74	-0.13
Total Current Assets	0.89	0.83	0.87	0.83	0.86	0.85	0.78	0.14	0.21	0.99	0.87	0.25	0.99	0.79	0.84	0.83	0.83	0.86	0.84	0.75		0.82	0.76	0.9	0.86	-0.19
Short Term Debt	0.91	0.9	0.94	0.98	0.72	0.9	0.89	-0.02	0.22	0.74	0.91	0.07	0.74	0.94	0.68	0.89	0.93	0.79	0.91	0.9	0.82		0.78	0.95	0.75	-0.03
Intangible Assets	0.94	0.94	0.67	0.83	0.73	0.95	0.94	0.14	0.2	0.73	0.95	-0.09	0.73	0.7	0.74	0.94	0.63	0.89	0.94	0.84	0.76	0.78		0.83	0.8	-0.24
Common Stock Total Equity	0.94	0.91	0.93	0.98	0.78	0.91	0.89	0.0	0.25	0.83	0.93	0.19	0.83	0.92	0.78	0.91	0.91	0.89	0.92	0.88	0.9	0.95	0.83		0.85	-0.1
Common Stock	0.87	0.86	0.7	0.79	0.7	0.84	0.83	-0.01	0.37	0.85	0.86	0.15	0.85	0.68	0.93	0.86	0.65	0.82	0.86	0.74	0.86	0.75	0.8	0.85		-0.1
Other Assets	-0.15	-0.05	-0.14	-0.06	-0.42	-0.15	-0.03	-0.62	0.65	-0.18	-0.14	0.5	-0.18	-0.13	-0.1	-0.06	-0.18	-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 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	11.5B	12.1B
Other Current Liab	147.1M	500.1M	694.9M	694.5M	1.0B	1.1B
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	10.5B	11.0B
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	134.8M	164.7M	143M	268.2M	281.6M
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 together with Penn Stock

0.63

Biglari Holdings

Pair Corr

Moving against Penn Stock

0.47	ARKR	Ark Restaurants Corp	Pair Corr
0.43	EJH	E Home Household	Pair Corr
0.39	WING	Wingstop	Pair Corr
0.39	SBET	Sharplink Gaming	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

Details

Is Penn Stock a good investment?

Details

What is Penn National's Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

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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.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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 Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Penn National fundamental ratios Correlations

Penn National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Penn National fundamental ratios Accounts

Pair Trading with Penn National

Moving together with Penn Stock

Moving against Penn Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Other Assets	- 0.62	Retained Earnings
Other Assets	- 0.42	Total Stockholder Equity
Non Currrent Assets Other	- 0.3	Retained Earnings
Other Assets	- 0.24	Intangible Assets
Accounts Payable	- 0.24	Retained Earnings
Other Assets	- 0.19	Total Current Assets