Six Flags Entertainment Corporation (FUN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Six Flags Entertainment Corporation has consistently maintained a low debt-to-assets ratio of 0.00, signaling that the company has not relied heavily on debt to finance its operations relative to its total assets.
The debt-to-capital ratio and debt-to-equity ratio are not provided in the table for most of the periods, indicating a lack of data to assess the company's debt levels in relation to its capital or equity.
However, the financial leverage ratio has exhibited significant fluctuations over the periods analyzed, ranging from a low of 3.82 to a high of 258.64. This indicates varying degrees of financial leverage utilized by the company to support its operations. The ratios suggest that Six Flags has at times employed a high level of financial leverage, which may pose higher financial risk but could also potentially amplify returns.
In conclusion, while the debt metrics are not available for detailed analysis, the fluctuating financial leverage ratio highlights the company's varying utilization of debt to support its operations and growth strategies. Investors and stakeholders should closely monitor changes in financial leverage to assess the company's risk profile and financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.62 | 2.41 | 2.52 | 2.72 | 3.06 | 3.42 | 3.50 | 3.19 | 2.84 | 1.82 | 1.67 | 0.87 | -1.27 | -1.83 | -2.01 | -1.29 | 1.89 | 4.43 | 4.84 | 5.01 |
Interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio indicates a company is more capable of servicing its debt. Six Flags Entertainment Corporation's interest coverage ratio fluctuated over the past quarters, ranging from negative values to positive values. In Q2 2024, the interest coverage ratio was 2.62, indicating that the company generated 2.62 times the operating income needed to cover its interest expenses.
The trend in interest coverage ratios shows variability with some periods of lower coverage below 1, which may indicate potential financial distress or difficulty in meeting interest obligations. In contrast, there were quarters with higher coverage ratios above 3, reflecting better ability to cover interest costs.
It is important for stakeholders to monitor the interest coverage ratio closely as it can signal the company's financial health and debt repayment capacity. Fluctuations in this ratio can be influenced by changes in operating performance, interest rates, and debt levels.