Six Flags Entertainment Corporation (FUN)
Debt-to-equity 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-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-588,246K
= —
The debt-to-equity ratio of Six Flags Entertainment Corporation has been consistently at 0.00 in the last five years, including Dec 31, 2023. This indicates that the company has not used any debt to finance its operations and growth during this period. A debt-to-equity ratio of 0.00 suggests that the company relies solely on equity financing, which can be favorable as it implies lower financial risk due to the absence of debt obligations. However, it is also important to consider that a very low or zero debt-to-equity ratio may limit the company's financial flexibility and ability to take advantage of potential growth opportunities that could be funded through debt.
Peer comparison
Dec 31, 2023