Six Flags Entertainment Corporation (FUN)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 83,174 | 89,705 | 52,858 | 35,128 | 65,488 | 134,394 | 49,179 | 33,562 | 101,189 | 288,380 | 124,929 | 49,963 | 61,119 | 562,661 | 292,596 | 271,730 | 376,736 | 225,470 | 301,135 | 26,295 |
| Short-term investments | US$ in thousands | — | — | 399 | 293 | 319 | 338 | 441 | 366 | 432 | 279 | 333 | 474 | 478 | 561 | 361 | 348 | 280 | 163 | 156 | 99 |
| Total current liabilities | US$ in thousands | 926,677 | 1,140,610 | 539,869 | 424,266 | 402,726 | 446,457 | 496,181 | 411,518 | 396,972 | 461,432 | 509,394 | 407,090 | 381,514 | 416,603 | 442,955 | 333,011 | 299,981 | 297,363 | 231,473 | 177,839 |
| Cash ratio | 0.09 | 0.08 | 0.10 | 0.08 | 0.16 | 0.30 | 0.10 | 0.08 | 0.26 | 0.63 | 0.25 | 0.12 | 0.16 | 1.35 | 0.66 | 0.82 | 1.26 | 0.76 | 1.30 | 0.15 |
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 fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio represents the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.
The trend in Six Flags' cash ratio shows a mix of values, ranging from as low as 0.08 to as high as 1.35. The ratio hit its peak at 1.35 on September 30, 2021, implying that the company had sufficient cash to cover 135% of its short-term liabilities at that point in time. On the other hand, the ratio dropped to its lowest point of 0.08 multiple times, notably on March 31, 2023, June 30, 2023, and December 31, 2024, indicating a potential liquidity challenge during those periods.
The varying cash ratio values suggest fluctuations in cash holdings relative to short-term obligations, which could be influenced by factors such as operational performance, investment decisions, and debt management. Investors and analysts may monitor this ratio closely to assess the company's liquidity position and financial health over time.
Peer comparison
Dec 31, 2024