Six Flags Entertainment Corporation (FUN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,347,830 | 2,264,260 | 2,282,460 | 2,318,600 | 2,316,420 | 2,209,740 | 2,235,900 | 2,414,460 | 2,417,000 | 2,350,300 | 2,313,020 | 2,814,490 | 2,664,230 | 2,627,660 | 2,693,410 | 2,501,520 | 2,657,530 | 2,389,480 | 2,581,140 | 2,658,010 |
| 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 |
| Financial leverage ratio | — | — | — | — | 160.45 | 15.77 | 6.92 | 146.75 | 165.38 | 199.25 | 258.64 | 3.82 | 6.27 | 5.37 | 4.97 | 5.93 | 5.73 | 26.85 | 5.98 | 4.99 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,347,830K ÷ $-687,361K
= —
The financial leverage ratio of Six Flags Entertainment Corporation has fluctuated significantly over the periods analyzed. The ratio measures the extent to which the company relies on debt to finance its assets, with higher values indicating higher financial leverage and thereby a higher level of risk.
Between March 2023 and March 2024, the financial leverage ratio increased from 15.77 to 199.25, peaking at 258.64 in March 2022 before declining to 4.99 in March 2022. This sharp increase and subsequent decrease suggest varying levels of debt utilization by the company during these periods.
Overall, from the data provided, it is evident that Six Flags Entertainment Corporation has experienced substantial fluctuations in its financial leverage, indicating varying levels of debt in its capital structure over the analyzed periods. This fluctuation highlights the importance of monitoring and managing financial leverage to ensure a sustainable and stable financial position.
Peer comparison
Jun 30, 2024