Cedar Fair Balance Sheet Health

Financial Health criteria checks 0/6

Cedar Fair has a total shareholder equity of $-730.9M and total debt of $2.4B, which brings its debt-to-equity ratio to -333.3%. Its total assets and total liabilities are $2.3B and $3.0B respectively. Cedar Fair's EBIT is $352.3M making its interest coverage ratio 2.4. It has cash and short-term investments of $35.4M.

Key information

-333.3%

Debt to equity ratio

US$2.44b

Debt

Interest coverage ratio2.4x
CashUS$35.42m
Equity-US$730.92m
Total liabilitiesUS$3.00b
Total assetsUS$2.26b

Recent financial health updates

No updates

Recent updates

Six Flags And Cedar Fair: 2024 Sets Up For A Major Re-Rating

Dec 30

Six Flags And Cedar Fair Decide To Ride Together

Nov 03

Cedar Fair: Spectating The Debt Rollercoaster

Sep 01

Cedar Fair: Pain Is Transitory And Shares Look Cheap

Jun 16

Cedar Fair Q4 2022 Earnings Preview

Feb 15

Cedar Fair: Still A FUN Way To Make Money

Dec 31

Cedar Fair Q3 2022 Earnings Preview

Nov 01

Cedar Fair: Upside Is Still Warranted

Oct 09

Cedar Fair hits record revenue through Labor Day

Sep 08

Cedar Fair goes ex-dividend today

Aug 30

Cedar Fair Q2 2022 Earnings Preview

Aug 02

Cedar Fair: Recession And Inflation Do Not Worry Me One Bit

Jul 17

Cedar Fair: A Strong Recovery Warrants Upside

Jun 14

Cedar Fair: Plenty Of Mustard Left On This Corndog

Apr 02

Cedar Fair: An Attractive Turnaround Play

Dec 14

Cedar Fair Facing Higher Costs, Higher Debt, And Lower Attendance

Jul 15

Cedar Fair Q1 2021 Earnings Preview

May 04

Financial Position Analysis

Short Term Liabilities: FUN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FUN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FUN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FUN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: FUN's debt is not well covered by operating cash flow (13.2%).

Interest Coverage: FUN's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


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