Six Flags Entertainment Corporation (FUN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 83,174 | 65,488 | 101,189 | 61,119 | 376,736 |
| Short-term investments | US$ in thousands | — | 319 | 432 | 478 | 280 |
| Total current liabilities | US$ in thousands | 926,677 | 402,726 | 396,972 | 381,514 | 299,981 |
| Cash ratio | 0.09 | 0.16 | 0.26 | 0.16 | 1.26 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($83,174K
+ $—K)
÷ $926,677K
= 0.09
The cash ratio of Six Flags Entertainment Corporation has shown a declining trend over the years. As of December 31, 2020, the company had a healthy cash ratio of 1.26, indicating that it had more than enough cash to cover its short-term liabilities. However, by December 31, 2024, the cash ratio had dropped to 0.09, suggesting a significant reduction in the company's ability to cover its short-term obligations with its available cash. This declining trend in the cash ratio may raise concerns about the company's liquidity position and its ability to meet its financial obligations in the short term. Further investigation into the company's cash management practices and overall financial health may be warranted to address these liquidity challenges.
Peer comparison
Dec 31, 2024