Six Flags Entertainment (FRA:6FE0) Cash-to-Debt : 0.01 (As of Mar. 2024)

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What is Six Flags Entertainment 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. Six Flags Entertainment's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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, Six Flags Entertainment couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Six Flags Entertainment's Cash-to-Debt or its related term are showing as below:

FRA:6FE0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.19
Current: 0.01

During the past 13 years, Six Flags Entertainment's highest Cash to Debt Ratio was 0.19. The lowest was 0.01. And the median was 0.06.

FRA:6FE0's Cash-to-Debt is ranked worse than
97.43% of 818 companies
in the Travel & Leisure industry
Industry Median: 0.545 vs FRA:6FE0: 0.01

Six Flags Entertainment Cash-to-Debt Historical Data

The historical data trend for Six Flags Entertainment'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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Six Flags Entertainment Cash-to-Debt Chart

Six Flags Entertainment 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

Six Flags Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.02	0.06	0.03	0.01

Competitive Comparison of Six Flags Entertainment's Cash-to-Debt

For the Leisure subindustry, Six Flags Entertainment'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.

Six Flags Entertainment's Cash-to-Debt Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Six Flags Entertainment's Cash-to-Debt falls into.

Six Flags Entertainment 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.

Six Flags Entertainment'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)
	=	60.052	/	(0	+	2152.568)
	=	0.03

Six Flags Entertainment's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	32.318	/	(0	+	2304.202)
	=	0.01

Six Flags Entertainment (FRA:6FE0) 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.

Six Flags Entertainment Cash-to-Debt Related Terms

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Six Flags Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Six Flags Entertainment Corp (FRA:6FE0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FUN:USA

Address

8701 Red Oak Boulevard, Charlotte, NC, USA, 28217

Website

https://www.sixflags.com

Six Flags Entertainment Corp is North America's regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Six Flags provides coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes, DC Comics and PEANUTS.

Six Flags Entertainment Headlines

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