Six Flags Entertainment Corporation (FUN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,041,860 | 2,341,580 | 14,685 | -736,202 | -588,246 | -571,053 | 14,437 | 140,110 | 323,277 | 16,453 | 14,615 | 11,796 | 8,943 | 737,521 | 424,783 | 489,741 | 541,732 | 421,735 | 463,832 | 88,997 |
| Debt-to-capital ratio | 0.70 | 0.66 | 0.99 | — | — | — | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,723,070K ÷ ($4,723,070K + $2,041,860K)
= 0.70
The debt-to-capital ratio of Six Flags Entertainment Corporation has been consistently low at 0.00 from March 31, 2020, to June 30, 2022. This suggests that the company has not heavily relied on debt to finance its operations and investments during this period.
However, the ratio experienced a notable increase to 0.99 as of June 30, 2024, indicating a significant rise in debt relative to the company's capital structure. This could potentially signal a shift in the company's financing strategy or increased borrowing for various purposes.
Subsequently, the ratio decreased to 0.66 as of September 30, 2024, and then slightly increased to 0.70 by December 31, 2024. While these ratios are still relatively moderate, they indicate a moderate level of debt compared to the company's overall capital by the end of 2024.
It is important for stakeholders to monitor this ratio in future periods to assess the company's debt management and overall financial health.
Peer comparison
Dec 31, 2024