Six Flags Entertainment Corporation (FUN)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 182,252 | 258,116 |
| Short-term investments | US$ in thousands | 399 | 293 | 319 | 338 | 441 | 366 | 432 | 279 | 333 | 474 | 478 | 561 | 361 | 348 | 280 | 163 | 156 | 99 | 275 | 476 |
| Total current liabilities | US$ in thousands | 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 | 324,138 | 329,479 |
| Cash ratio | 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 | 0.56 | 0.78 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($52,858K
+ $399K)
÷ $539,869K
= 0.10
The cash ratio of Six Flags Entertainment Corporation has fluctuated over the past few quarters, ranging from 0.08 to 1.35. The cash ratio represents the company's ability to cover its current liabilities with cash and cash equivalents. A higher cash ratio indicates a stronger ability to pay off short-term obligations.
In the most recent quarter, the cash ratio was 0.10, indicating that the company had $0.10 of cash and cash equivalents for every $1 of current liabilities. This ratio has decreased from the previous quarter's value of 0.08. The decrease in the cash ratio may raise concerns about the company's liquidity and ability to meet its short-term obligations.
It is worth noting that the cash ratio reached its peak in the fourth quarter of 2021 at 1.35, reflecting a substantial increase in the company's cash reserves relative to its current liabilities. This high cash ratio suggests a strong ability to cover short-term obligations with readily available cash.
Overall, the fluctuation in Six Flags Entertainment Corporation's cash ratio indicates varying levels of liquidity and ability to meet short-term financial obligations. Investors and stakeholders may want to closely monitor future trends in the cash ratio to assess the company's financial health and liquidity position.
Peer comparison
Jun 30, 2024