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Six Flags Entertainment (Six Flags Entertainment) Effective Interest Rate on Debt % : 6.47% (As of Dec. 2023)


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What is Six Flags Entertainment Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Six Flags Entertainment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $161 Mil. Six Flags Entertainment's average total debt for the quarter that ended in Dec. 2023 was $2,484 Mil. Therefore, Six Flags Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.47%.


Six Flags Entertainment Effective Interest Rate on Debt % Historical Data

The historical data trend for Six Flags Entertainment's Effective Interest Rate on 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.

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Six Flags Entertainment Effective Interest Rate on Debt % Chart

Six Flags Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.01 5.87 5.40 5.27 6.22

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
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.29 5.60 6.75 6.17 6.47

Competitive Comparison of Six Flags Entertainment's Effective Interest Rate on Debt %

For the Leisure subindustry, Six Flags Entertainment's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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.


Six Flags Entertainment's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Six Flags Entertainment's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Six Flags Entertainment's Effective Interest Rate on Debt % falls into.



Six Flags Entertainment Effective Interest Rate on Debt % Calculation

Six Flags Entertainment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -158.256/( (2557.023+2531.328)/ 2 )
=-1  *  -158.256/2544.1755
=6.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2445.335 + 111.688
=2557.023

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2283.947 + 247.381
=2531.328

Six Flags Entertainment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -160.784/( (2437.154+2531.328)/ 2 )
=-1  *  -160.784/2484.241
=6.47 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2280.07 + 157.084
=2437.154

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2283.947 + 247.381
=2531.328

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Six Flags Entertainment  (NYSE:SIX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Six Flags Entertainment Effective Interest Rate on Debt % Related Terms

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Six Flags Entertainment (Six Flags Entertainment) Business Description

Traded in Other Exchanges
Address
1000 Ballpark Way, Suite 400, Arlington, TX, USA, 76011
Six Flags Entertainment Corp owns and operate regional theme parks and water parks. The company operates around 27 theme parks and waterparks, 24 are located in the United States, two are located in Mexico and one is located in Montreal, Canada. The parks generally offer various rides, water attractions, themed areas, concerts, restaurants, game venues, and merchandise outlets.
Executives
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