Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cedar Fair LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-583 Mil. Cedar Fair LP's Total Assets for the quarter that ended in Dec. 2023 was $2,241 Mil.
Therefore, Cedar Fair LP's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.26.
The historical rank and industry rank for Cedar Fair LP's Equity-to-Asset or its related term are showing as below:
FUN'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.3 Med: 0.01 Max: 0.05
Current: -0.26
During the past 13 years, the highest Equity to Asset Ratio of Cedar Fair LP was 0.05. The lowest was -0.30. And the median was 0.01.
FUN's Equity-to-Asset is ranked worse than 94.89% of 841
companies
in the Travel & Leisure industry
Industry Median: 0.46
vs FUN: -0.26
Cedar Fair LP Equity-to-Asset Historical Data
The historical data trend for Cedar Fair LP's Equity-to-Asset 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.
Competitive Comparison of Cedar Fair LP's Equity-to-Asset
For the Leisure subindustry, Cedar Fair LP's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Cedar Fair LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cedar Fair LP's Equity-to-Asset falls into.
Cedar Fair LP Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Cedar Fair LP's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Cedar Fair LP (NYSE:FUN) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Cedar Fair LP Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Cedar Fair LP's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Cedar Fair LP (Cedar Fair LP) Business Description
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.
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