Six Flags Entertainment Balance Sheet Health

Financial Health criteria checks 1/6

Six Flags Entertainment has a total shareholder equity of $2.9B and total debt of $4.8B, which brings its debt-to-equity ratio to 165.7%. Its total assets and total liabilities are $9.4B and $6.5B respectively. Six Flags Entertainment's EBIT is $459.3M making its interest coverage ratio 2.4. It has cash and short-term investments of $90.0M.

Key information

165.7%

Debt to equity ratio

US$4.78b

Debt

Interest coverage ratio	2.4x
Cash	US$90.01m
Equity	US$2.89b
Total liabilities	US$6.48b
Total assets	US$9.37b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FUN's short term assets ($457.0M) do not cover its short term liabilities ($1.1B).

Long Term Liabilities: FUN's short term assets ($457.0M) do not cover its long term liabilities ($5.3B).

Debt to Equity History and Analysis

Debt Level: FUN's net debt to equity ratio (162.6%) is considered high.

Reducing Debt: FUN's debt to equity ratio has reduced from 5113.1% to 165.7% over the past 5 years.

Debt Coverage: FUN's debt is not well covered by operating cash flow (8.4%).

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

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 03:29
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/29
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Six Flags Entertainment Corporation is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Eric Wold	B. Riley Securities, Inc.
Zachary Warring	CFRA Equity Research
James Hardiman	Citigroup Inc

Six Flags Entertainment Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Cedar Fair Units to Delist from NYSE

Recent updates

Six Flags Entertainment: Positive Outlook After Q3 Hurricane Disruptions

Six Flags Entertainment Corporation Reports Unaudited Consolidated Impairment of Goodwill for the Three Months Ended September 29, 2024

Six Flags Entertainment Corporation to Report Q3, 2024 Results on Nov 06, 2024

Six Flags Entertainment: Merger Should Aid Legacy Six Flags' Weakness

Six Flags Entertainment Corporation to Report Q2, 2024 Results on Aug 08, 2024

Cedar Fair Units to Delist from NYSE

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.30 per share

First quarter dividend of US$0.30 announced

Cedar Fair Entertainment Company Approves Quarterly Cash Distribution, Payable on June 19, 2024

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Cedar Fair, L.P. to Report Q1, 2024 Results on May 09, 2024

Upcoming dividend of US$0.30 per share

Fourth quarter dividend of US$0.30 announced

Full year 2023 earnings: EPS misses analyst expectations

Cedar Fair, L.P. Approves Quarterly Cash Distribution, Payable on March 20, 2024

Now 21% overvalued after recent price rise

Cedar Fair, L.P. to Report Q4, 2023 Results on Feb 15, 2024

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

Cedar Fair Entertainment Company Announces Management Changes

Upcoming dividend of US$0.30 per share at 3.1% yield

Consensus EPS estimates increase by 21%

Cedar Fair, L.P. (NYSE:FUN) entered into a definitive merger agreement to acquire Six Flags Entertainment Corporation (NYSE:SIX) from shareholders for approximately $1.8 billion in a merger of equals transaction.

Six Flags And Cedar Fair Decide To Ride Together

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Cedar Fair, L.P. to Report Q3, 2023 Results on Nov 02, 2023

Cedar Fair, L.P. Announces Departure of Matt Ouimet from Board of Directors

Cedar Fair: Spectating The Debt Rollercoaster

Upcoming dividend of US$0.30 per share at 3.1% yield

Cedar Fair Entertainment Company Unveils Exciting Capital Plans for 2024 Operating Season

Consensus EPS estimates fall by 18%

Cedar Fair, L.P. Reports Loss on Impairment for the Second Quarter Ended June 25, 2023

Cedar Fair, L.P. Announces Cash Distribution, Payable on September 20, 2023

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Cedar Fair, L.P. to Report Q2, 2023 Results on Aug 03, 2023

Cedar Fair: Pain Is Transitory And Shares Look Cheap

Cedar Fair, L.P. Announces Board Appointments

Upcoming dividend of US$0.30 per share at 2.7% yield

Consensus EPS estimates fall by 11%

Cedar Fair, L.P. (NYSE:FUN) announces an Equity Buyback for $250 million worth of its shares.

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.30 per share at 2.6% yield

President exercised options and sold US$237k worth of stock

Price target increased by 7.7% to US$53.88

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Cedar Fair, L.P. Approves Quarterly Cash Distribution, Payable on March 21, 2023

Cedar Fair Q4 2022 Earnings Preview

Cedar Fair Entertainment Company Announces First Phase of Development for Esports Facility in Sandusky

Cedar Fair, L.P. to Report Q4, 2022 Results on Feb 16, 2023

Cedar Fair: Still A FUN Way To Make Money

Upcoming dividend of US$0.30 per share

Price target decreased to US$49.50

Consensus forecasts updated

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to US$53.38

Cedar Fair Q3 2022 Earnings Preview

Cedar Fair: Upside Is Still Warranted

Cedar Fair, L.P. to Report Q3, 2022 Results on Nov 02, 2022

Cedar Fair Announces Changes to Its Board of Directors

Cedar Fair hits record revenue through Labor Day

Cedar Fair goes ex-dividend today

Upcoming dividend of US$0.30 per share

Key Executive recently bought US$66k worth of stock

Price target decreased to US$59.89

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Cedar Fair, L.P. (NYSE:FUN) announces an Equity Buyback for $250 million worth of its shares.

Cedar Fair Q2 2022 Earnings Preview

Insufficient new directors

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

Cedar Fair, L.P. to Report Q2, 2022 Results on Aug 03, 2022

Insufficient new directors

Cedar Fair: A Strong Recovery Warrants Upside

Cedar Fair, L.P. to Report Q1, 2022 Results on May 04, 2022

Cedar Fair, L.P., Annual General Meeting, May 18, 2022