Six Flags Entertainment Corporation (FUN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,130,520 | 2,282,460 | 2,235,900 | 2,313,020 | 2,693,410 |
| Total stockholders’ equity | US$ in thousands | 2,041,860 | -588,246 | 323,277 | 8,943 | 2,599 |
| Financial leverage ratio | 4.47 | — | 6.92 | 258.64 | 1,036.33 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,130,520K ÷ $2,041,860K
= 4.47
The financial leverage ratio of Six Flags Entertainment Corporation has shown significant fluctuations over the years. In particular, the ratio decreased from 1,036.33 in December 2020 to 258.64 in December 2021, indicating a reduction in the company's reliance on debt to finance its operations. Subsequently, there was a sharp decrease to 6.92 in December 2022, which suggests a further improvement in the company's ability to meet its financial obligations with equity rather than debt. The absence of a value for December 31, 2023, may indicate a lack of data or a transitional period that requires further investigation. The ratio then increased to 4.47 by December 2024, potentially signifying a slight uptick in leveraging. Overall, the trend in the financial leverage ratio reflects notable changes in the company's capital structure and risk profile over the years.
Peer comparison
Dec 31, 2024