Six Flags Entertainment Corporation (FUN)
Debt-to-equity 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-equity ratio | 2.31 | 1.95 | 159.94 | — | — | — | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,723,070K ÷ $2,041,860K
= 2.31
The debt-to-equity ratio of Six Flags Entertainment Corporation shows a consistent trend of 0.00 from March 2020 to June 2022, indicating that the company had no debt or had minimal debt relative to its equity during this period. However, from June 2024 to December 2024, the ratio increased significantly to 159.94, 1.95, and 2.31, respectively. This suggests a substantial increase in debt relative to equity in the latter part of 2024, signaling a shift in the company's capital structure towards higher leverage. The sudden spike in the debt-to-equity ratio may indicate a strategic decision to raise capital through debt financing or acquire new assets, which could impact the company's financial risk and solvency position. Further analysis of the company's financial statements and business strategy is recommended to understand the reasons behind this significant change in the debt-to-equity ratio.
Peer comparison
Dec 31, 2024