Six Flags Entertainment Corporation (FUN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 271,393 | 190,187 | 208,840 | 134,394 | 262,579 | 184,163 | 243,759 | 438,948 | 476,375 | 264,564 | 263,641 | 748,371 | 523,744 | 479,405 | 554,511 | 340,510 | 415,286 | 92,959 | 294,181 | 384,800 |
| 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 |
| Current ratio | 0.50 | 0.45 | 0.52 | 0.30 | 0.53 | 0.45 | 0.61 | 0.95 | 0.94 | 0.65 | 0.69 | 1.80 | 1.18 | 1.44 | 1.85 | 1.15 | 1.79 | 0.52 | 0.91 | 1.17 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $271,393K ÷ $539,869K
= 0.50
The current ratio of Six Flags Entertainment Corporation has shown significant fluctuations over the past few quarters. In the most recent period ending June 30, 2024, the current ratio stood at 0.50, indicating that the company may have difficulties meeting its short-term obligations with its current assets. This is a decline from the previous quarter's ratio of 0.45.
Looking back over the past few quarters, we observe a pattern of fluctuating current ratios, ranging from a low of 0.30 in September 30, 2023, to a high of 1.85 in December 31, 2020. The current ratio reached its peak in December 31, 2021, at 1.80, suggesting the company had a strong ability to cover its short-term liabilities with current assets.
However, the ratios have been on a downward trend since then, indicating a potential deterioration in the company's liquidity position. It is essential for investors and stakeholders to closely monitor these changes in the current ratio to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Jun 30, 2024