Six Flags Entertainment Corporation (FUN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 208,840 | 243,759 | 263,641 | 554,511 | 294,181 |
| Total current liabilities | US$ in thousands | 402,726 | 396,972 | 381,514 | 299,981 | 324,138 |
| Current ratio | 0.52 | 0.61 | 0.69 | 1.85 | 0.91 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $208,840K ÷ $402,726K
= 0.52
The current ratio of Six Flags Entertainment Corporation has shown a declining trend over the past five years, indicating a weakening liquidity position. The current ratio was 0.52 at the end of 2023, which was lower than the ratios in the previous years. This implies that the company may have difficulties meeting its short-term obligations with its current assets alone.
In comparison to the industry average or benchmark ratios, a current ratio of 0.52 at the end of 2023 suggests that Six Flags may face challenges in managing its short-term financial obligations effectively. Further analysis of the company's current assets and current liabilities is warranted to understand the underlying reasons for the decreasing trend in the current ratio and to assess the overall liquidity risk faced by Six Flags Entertainment Corporation.
Peer comparison
Dec 31, 2023