Six Flags Entertainment Corporation (FUN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 65,488 | 101,189 | 61,119 | 376,736 | 182,252 |
| Short-term investments | US$ in thousands | 319 | 432 | 478 | 280 | 275 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 402,726 | 396,972 | 381,514 | 299,981 | 324,138 |
| Quick ratio | 0.16 | 0.26 | 0.16 | 1.26 | 0.56 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($65,488K
+ $319K
+ $—K)
÷ $402,726K
= 0.16
The quick ratio of Six Flags Entertainment Corporation has experienced fluctuations over the last five years. The ratio was relatively low in 2023 at 0.16, indicating that the company may have difficulty meeting its short-term obligations using only its most liquid assets. This contrasts with 2020, where the quick ratio was notably higher at 1.26, suggesting a stronger ability to cover immediate liabilities. The quick ratio in 2022 and 2019 was also below 1, indicating potential liquidity challenges during those periods. Overall, the trend in the quick ratio suggests that Six Flags Entertainment Corporation may have had varying levels of short-term liquidity over the past five years, with the ratio being particularly weak in 2023.
Peer comparison
Dec 31, 2023