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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Six Flags Entertainment's current ratio for the quarter that ended in Dec. 2023 was 0.43.
Six Flags Entertainment has a current ratio of 0.43. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Six Flags Entertainment has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Six Flags Entertainment's Current Ratio or its related term are showing as below:
During the past 13 years, Six Flags Entertainment's highest Current Ratio was 1.18. The lowest was 0.43. And the median was 0.79.
The historical data trend for Six Flags Entertainment's Current Ratio 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.
Six Flags Entertainment Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 1.11 | 0.68 | 1.18 | 0.55 | 0.43 |
Six Flags Entertainment Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Current Ratio | Get a 7-Day Free Trial | 0.55 | 0.46 | 0.44 | 0.49 | 0.43 |
For the Leisure subindustry, Six Flags Entertainment's Current Ratio, along with its competitors' market caps and Current Ratio 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.
For the Travel & Leisure industry and Consumer Cyclical sector, Six Flags Entertainment's Current Ratio distribution charts can be found below:
* The bar in red indicates where Six Flags Entertainment's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Six Flags Entertainment's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 252.766 | / | 587.525 | |
= | 0.43 |
Six Flags Entertainment's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 252.766 | / | 587.525 | |
= | 0.43 |
* 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.
Six Flags Entertainment (NYSE:SIX) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Six Flags Entertainment's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Derek Sample | officer: Chief Accounting Officer | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Aimee Williams-ramey | officer: CHIEF LEGAL OFFICER | C/O SIX FLAGS ENTERTAINMENT CORPORATION, SUITE 400, ARLINGTON TX 76011 |
Gary Mick | officer: CHIEF FINANCIAL OFFICER | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Marilyn G Spiegel | director | ONE CAESARS PALACE DRIVE, C/O CAESARS ENTERTAINMENT, LAS VEGAS NV 89109 |
Rehan Jaffer | 10 percent owner | C/O H PARTNERS MANAGEMENT, LLC, 888 SEVENTH AVENUE, 29TH FLOOR, NEW YORK NY 10019 |
Arik W Ruchim | director | 600 CORPORATION DRIVE, PENDLETON IN 46064 |
Chieh E. Huang | director | C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013 |
Stephen Purtell | officer: Interim CFO | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Justin Hunt | officer: Principal Accounting Officer | C/O SIX FLAGS ENTERTAINMENT CORPORATION, 1000 BALLPARK WAY, SUITE 400, ARLINGTON TX 76011 |
Selim A Bassoul | director | C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300 |
Wilson Taylor Brooks | officer: VP, Chief Accounting Officer | 2020 RAISINTREE DRIVE, FORT WORTH TX 76244 |
Mike Spanos | director | PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577 |
Denise M. Clark | director | C/O AMC ENTERTAINMENT HOLDINGS INC, 11500 ASH STREET, LEAWOOD KS 66211 |
Kurt Matthew Cellar | director | 71 ROTON AVENUE, NORWALK CT 06853 |
Nancy A Krejsa | director | 292 SOUTH OLD CREEK ROAD, VERNON HILLS IL 60061 |
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