Six Flags Entertainment Corporation (FUN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,282,460 | 2,235,900 | 2,313,020 | 2,693,410 | 2,581,140 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,282,460K
= 0.00
The debt-to-assets ratio for Six Flags Entertainment Corporation has consistently been 0.00 over the past five years from 2019 to 2023. This indicates that the company has financed its assets entirely through equity rather than debt. A debt-to-assets ratio of 0.00 suggests a low financial risk as the company is not relying on debt to fund its operations or investments. It also implies strong financial health and stability, as the company is not burdened by interest payments or debt obligations. Overall, a consistent 0.00 debt-to-assets ratio for multiple years reflects a conservative financial strategy employed by Six Flags Entertainment Corporation.
Peer comparison
Dec 31, 2023