Cedar Fair LP (Cedar Fair LP) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Cedar Fair LP Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Cedar Fair LP's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Cedar Fair LP couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Cedar Fair LP's Cash-to-Debt or its related term are showing as below:

FUN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.13
Current: 0.03

During the past 13 years, Cedar Fair LP's highest Cash to Debt Ratio was 0.13. The lowest was 0.02. And the median was 0.08.

FUN's Cash-to-Debt is ranked worse than
94.05% of 823 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs FUN: 0.03

Cedar Fair LP Cash-to-Debt Historical Data

The historical data trend for Cedar Fair LP's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Cedar Fair LP Cash-to-Debt Chart

Cedar Fair LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.13

0.02

0.04

0.03

Cedar Fair LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.01	0.02	0.06	0.03

Competitive Comparison of Cedar Fair LP's Cash-to-Debt

For the Leisure subindustry, Cedar Fair LP's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cedar Fair LP's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cedar Fair LP's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cedar Fair LP's Cash-to-Debt falls into.

Cedar Fair LP Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Cedar Fair LP's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	65.488	/	(0	+	2347.402)
	=	0.03

Cedar Fair LP's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	65.488	/	(0	+	2347.402)
	=	0.03

Cedar Fair LP (NYSE:FUN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Cedar Fair LP Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Cedar Fair LP's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Cedar Fair LP (Cedar Fair LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cedar Fair LP (NYSE:FUN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Cedar Point Drive, Sandusky, OH, USA, 44870-5259

Website

https://ir.cedarfair.com

Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.

Executives

Nina Barton	director	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Monica Sauls	officer: Senior VP CHRO	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Jennifer Mason	director	C/O CEDAR FAIR, 8701 RED OAK BLVD., CHARLOTTE NC 28217
Michelle M Frymire	director	C/O SPIRIT REALTY CAPITAL, INC., 2727 N. HARWOOD STREET, SUITE 300, DALLAS TX 75201
Daniel J Hanrahan	director	ROYAL CARIBBEAN CRUISES LTD, 1050 CARIBBEAN WAY, MIAMI FL 33132
Brian Nurse	officer: Exec VP, Chief Legal Officer	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Matthew A Ouimet	officer: President	ONE CEDAR POINT DR., SANDUSKY OH 44870
Louis Carr	director	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Carlos Ruisanchez	director	C/O PINNACLE ENTERTAINMENT INC, 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Tim Fisher	officer: Chief Operating Officer	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Craig Heckman	officer: SVP, Human Resources	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Brian C Witherow	officer: V.P. & Corporate Controller	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
David R. Hoffman	officer: VP of Finance & Corp Tax	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870
Milkie Duffield	officer: V.P. & General Counsel	ONE CEDAR POINT DR, SANDUSKY OH 44870
Richard Zimmerman	officer: VP & GM - Great America	ONE CEDAR POINT DRIVE, SANDUSKY OH 44870