Six Flags Entertainment Corporation (FUN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,723,070 | 4,574,510 | 2,348,790 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,130,520 | 9,369,230 | 2,347,830 | 2,264,260 | 2,282,460 | 2,318,600 | 2,316,420 | 2,209,740 | 2,235,900 | 2,414,460 | 2,417,000 | 2,350,300 | 2,313,020 | 2,814,490 | 2,664,230 | 2,627,660 | 2,693,410 | 2,501,520 | 2,657,530 | 2,389,480 |
| Debt-to-assets ratio | 0.52 | 0.49 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,723,070K ÷ $9,130,520K
= 0.52
The debt-to-assets ratio of Six Flags Entertainment Corporation has been consistently low at 0.00 from March 31, 2020, to March 31, 2024, indicating that the company has not relied heavily on debt to finance its assets during this period. However, there was a noticeable increase in the ratio to 1.00 as of June 30, 2024, suggesting a shift in the company's capital structure towards higher debt utilization. Subsequently, the ratio decreased to 0.49 as of September 30, 2024, and further to 0.52 by December 31, 2024. These values signify a moderate level of debt compared to the company's total assets at the end of 2024, indicating a potential increase in borrowing to support the business operations or investment activities.
Peer comparison
Dec 31, 2024