Six Flags Entertainment Corporation (FUN)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 83,174 | 89,705 | 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 |
| Short-term investments | US$ in thousands | — | — | 399 | 293 | 319 | 338 | 441 | 366 | 432 | 279 | 333 | 474 | 478 | 561 | 361 | 348 | 280 | 163 | 156 | 99 |
| Receivables | US$ in thousands | 164,861 | 201,653 | 114,554 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 926,677 | 1,140,610 | 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 |
| Quick ratio | 0.27 | 0.26 | 0.31 | 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 |
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 fluctuated over the past few years, indicating varying levels of liquidity. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
From March 31, 2020, to September 30, 2021, the quick ratio generally showed an improving trend, suggesting a stronger ability to cover immediate liabilities with liquid assets. However, the ratio dipped to 0.16 at December 31, 2021, indicating a potential liquidity strain.
Subsequently, the quick ratio exhibited a downward trend, reaching its lowest point of 0.08 at March 31, 2023, before experiencing a slight increase. Overall, the quick ratio remained below 1 for most periods, implying potential difficulties in meeting short-term obligations solely with current assets.
It is important for potential investors and stakeholders to monitor the quick ratio to assess Six Flags' liquidity position and its ability to weather short-term financial challenges.
Peer comparison
Dec 31, 2024