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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. PENN Entertainment's total current liabilities for the quarter that ended in Mar. 2024 was $1,338
The historical data trend for PENN Entertainment's Total Current Liabilities 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.
PENN Entertainment Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 905.60 | 860.00 | 1,133.20 | 1,158.70 | 1,490.00 |
PENN Entertainment Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 1,271.00 | 1,226.70 | 1,252.80 | 1,490.00 | 1,337.70 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
PENN Entertainment's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 676.3 | + | 431.5 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 382.2 | + | 0 | |
= | 1,490 |
PENN Entertainment's Total Current Liabilities for the quarter that ended in Mar. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 903.4 | + | 434.3 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 0 | + | 0 | |
= | 1,338 |
* 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.
The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.
Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
Be Aware
Stay away from companies that roll over the debt e.g. Bear Stearns
When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.
His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.
Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term
Thank you for viewing the detailed overview of PENN Entertainment's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Byron Rogers | officer: EVP and Chief Strategy Officer | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Jay A Snowden | officer: EVP-Chief Operating Officer | 825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
Jane Scaccetti | director | 3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132 |
Felicia Hendrix | officer: EVP and CFO | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
David A Handler | director | 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610 |
Kohn Barbara Shattuck | director | PENN NATIONAL GAMING, INC, 825 BERKSHIRE BLVE, SUITE 200, WYOMISSING PA 19610 |
Christine Labombard | officer: SVP and CAO | 825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610 |
Saul Reibstein | officer: EVP-Finance, CFO & Treasurer | C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355 |
Gupta Vimla Black | director | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Todd George | officer: EVP, Operations | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Marla Kaplowitz | director | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Ronald J Naples | director | 96 S. GEORGE STREET, SUITE 500, YORK PA 17401 |
Peter M Carlino | director, 10 percent owner, officer: Chairman | 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610 |
Harper H. Ko | officer: EVP, CLO and Sec. | 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113 |
Carl Sottosanti | officer: SVP,Gen Counsel & Secretary | 825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
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