Six Flags Entertainment Corporation (FUN)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -687,361 | -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 | 431,270 | 533,024 |
| Debt-to-equity ratio | — | — | — | — | 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 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-687,361K
= —
Six Flags Entertainment Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the past several quarters. A debt-to-equity ratio of 0.00 indicates that the company has no debt and relies entirely on equity to finance its operations. This may suggest that Six Flags Entertainment Corporation has a conservative financial structure with little to no financial leverage. While a low debt-to-equity ratio can be a positive sign of financial strength and stability, it also implies that the company may not be taking advantage of debt financing to potentially enhance returns for shareholders. Overall, the consistent pattern of a debt-to-equity ratio of 0.00 reflects Six Flags Entertainment Corporation's deliberate approach to managing its capital structure.
Peer comparison
Jun 30, 2024