Six Flags Entertainment Corporation (FUN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 182,252 | 258,116 |
| Short-term investments | US$ in thousands | 399 | 293 | 319 | 338 | 441 | 366 | 432 | 279 | 333 | 474 | 478 | 561 | 361 | 348 | 280 | 163 | 156 | 99 | 275 | 476 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.10 | 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 | 0.56 | 0.78 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($52,858K
+ $399K
+ $—K)
÷ $539,869K
= 0.10
The quick ratio of Six Flags Entertainment Corporation has shown fluctuations over the examined periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates potential difficulties in meeting short-term obligations.
The quick ratio was notably low at 0.10 in Jun 30, 2024, and Mar 31, 2023, which may suggest a potential liquidity issue during those periods. However, the ratio improved to 1.35 in Dec 31, 2021, indicating a strong ability to cover short-term liabilities with liquid assets.
The quick ratio experienced significant variability throughout the periods, ranging from as low as 0.08 to as high as 1.35. It is essential to understand the reasons behind the fluctuations in the quick ratio to assess the company's liquidity position accurately.
Overall, while the quick ratio of Six Flags Entertainment Corporation has shown fluctuations, the company has demonstrated the ability to meet its short-term obligations with varying degrees of effectiveness over the examined periods.
Peer comparison
Jun 30, 2024