Cedar Fair Balance Sheet Health
Financial Health criteria checks 0/6
Cedar Fair has a total shareholder equity of $-583.0M and total debt of $2.3B, which brings its debt-to-equity ratio to -390.3%. Its total assets and total liabilities are $2.2B and $2.8B respectively. Cedar Fair's EBIT is $346.5M making its interest coverage ratio 2.4. It has cash and short-term investments of $65.8M.
Key information
-390.3%
Debt to equity ratio
US$2.28b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$65.81m |
| Equity | -US$582.96m |
| Total liabilities | US$2.82b |
| Total assets | US$2.24b |
Recent financial health updates
No updates
Recent updates
Six Flags And Cedar Fair: 2024 Sets Up For A Major Re-Rating
Dec 30Six Flags And Cedar Fair Decide To Ride Together
Nov 03Cedar Fair: Spectating The Debt Rollercoaster
Sep 01Cedar Fair: Pain Is Transitory And Shares Look Cheap
Jun 16Cedar Fair Q4 2022 Earnings Preview
Feb 15Cedar Fair: Still A FUN Way To Make Money
Dec 31Cedar Fair Q3 2022 Earnings Preview
Nov 01Cedar Fair: Upside Is Still Warranted
Oct 09Cedar Fair hits record revenue through Labor Day
Sep 08Cedar Fair goes ex-dividend today
Aug 30Cedar Fair Q2 2022 Earnings Preview
Aug 02Cedar Fair: Recession And Inflation Do Not Worry Me One Bit
Jul 17Cedar Fair: A Strong Recovery Warrants Upside
Jun 14Cedar Fair: Plenty Of Mustard Left On This Corndog
Apr 02Cedar Fair: An Attractive Turnaround Play
Dec 14Cedar Fair Facing Higher Costs, Higher Debt, And Lower Attendance
Jul 15Cedar Fair Q1 2021 Earnings Preview
May 04Financial 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 (14.3%).
Interest Coverage: FUN's interest payments on its debt are not well covered by EBIT (2.4x coverage).