Six Flags Entertainment Corporation (FUN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.52 | 0.49 | 1.00 | 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 | 0.70 | 0.66 | 0.99 | — | — | — | 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 | 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 |
| Financial leverage ratio | 4.47 | 4.00 | 159.88 | — | — | — | 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 |
The solvency ratios of Six Flags Entertainment Corporation demonstrate a consistent trend of low debt levels in relation to its assets, capital, and equity over the reporting periods. The Debt-to-assets ratio remained at 0.00 up to June 30, 2024, indicating the company's ability to finance its assets using equity rather than debt. The Debt-to-capital ratio also showed minimal debt dependence, maintaining low values until September 30, 2024. The Debt-to-equity ratio reflected the company's low debt burden compared to its equity, with a spike seen on June 30, 2024, which could be attributed to changes in the company's capital structure.
The Financial leverage ratio fluctuated significantly over the periods, with spikes observed on December 31, 2021, and March 31, 2022. These spikes may raise concerns about the company's leverage levels and potential financial risks during those periods. However, the ratio declined to more stable levels by June 30, 2023, and onwards, indicating improved financial stability and reduced reliance on debt financing.
Overall, Six Flags Entertainment Corporation appears to maintain a conservative approach to debt management, with a focus on maintaining a healthy balance between debt and equity to support its operations and growth initiatives.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.37 | 1.68 | 2.52 | 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 |
The interest coverage ratio of Six Flags Entertainment Corporation provides insights into the company's ability to meet its interest obligations with its earnings.
Based on the data provided, the interest coverage ratio fluctuated over the periods analyzed, ranging from negative values indicating potential difficulty in meeting interest payments to positive values signaling a stronger ability to cover interest expenses.
Between March 31, 2020, and June 30, 2021, the interest coverage ratio remained mostly negative, reflecting challenges in generating enough earnings to cover interest costs. However, from September 30, 2021, onwards, the ratio turned positive, indicating an improvement in the company's ability to cover its interest expenses with operating income.
The trend from September 30, 2021, to December 31, 2024, shows a gradual increase in the interest coverage ratio, suggesting a better financial position and a more sustainable ability to pay interest obligations.
Overall, the analysis of the interest coverage ratio indicates fluctuations in the company's ability to meet interest payments over time, with recent data showing a positive trend towards stronger coverage of interest costs.