Six Flags Entertainment Corporation (FUN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 83,174 | 65,488 | 101,189 | 61,119 | 376,736 |
| Short-term investments | US$ in thousands | — | 319 | 432 | 478 | 280 |
| Receivables | US$ in thousands | 164,861 | — | — | — | — |
| Total current liabilities | US$ in thousands | 926,677 | 402,726 | 396,972 | 381,514 | 299,981 |
| Quick ratio | 0.27 | 0.16 | 0.26 | 0.16 | 1.26 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($83,174K
+ $—K
+ $164,861K)
÷ $926,677K
= 0.27
The quick ratio of Six Flags Entertainment Corporation has shown fluctuations over the past five years. In December 2020, the quick ratio stood at a healthy 1.26, indicating a strong ability to meet short-term obligations with liquid assets. However, by December 2021, the quick ratio dropped significantly to 0.16, signaling a potential liquidity strain as the company may struggle to cover immediate liabilities with its current liquid assets.
Subsequently, in December 2022, the quick ratio improved slightly to 0.26, but still remained relatively low compared to historical levels. This may suggest ongoing challenges in managing short-term obligations efficiently. The ratio dipped back to 0.16 by December 2023, highlighting continued liquidity concerns within the company.
Finally, as of December 2024, the quick ratio rebounded to 0.27, showing a slight improvement in the company's ability to cover short-term liabilities with liquid assets. Overall, the fluctuating trend in the quick ratio indicates potential liquidity issues that Six Flags Entertainment Corporation may need to address to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024