Six Flags Entertainment Corporation (FUN)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -588,246 | 323,277 | 8,943 | 2,599 | 9,746 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-588,246K)
= —
The debt-to-capital ratio for Six Flags Entertainment Corporation has been consistently reported as 0.00 for the years 2019, 2020, 2021, 2022, and as of December 31, 2023. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt to finance its operations relative to its total capital structure. This suggests that the company has relied solely on equity financing to fund its activities during the period in question. A low or zero debt-to-capital ratio can portray a lower level of financial risk for the company as it indicates a lower reliance on debt obligations which could lead to potential solvency issues. However, it is important to note that a zero debt-to-capital ratio may also restrict the company's ability to benefit from the tax advantages of debt financing and may limit its financial flexibility.
Peer comparison
Dec 31, 2023