Six Flags Entertainment (FRA:6FE0) LT-Debt-to-Total-Asset : 0.54 (As of Dec. 2024)

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What is Six Flags Entertainment LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Six Flags Entertainment's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.54.

Six Flags Entertainment's long-term debt to total assets ratio declined from Dec. 2023 (1.05) to Dec. 2024 (0.54). It may suggest that Six Flags Entertainment is progressively becoming less dependent on debt to grow their business.

Six Flags Entertainment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Six Flags Entertainment's LT-Debt-to-Total-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.

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Six Flags Entertainment LT-Debt-to-Total-Asset Chart

Six Flags Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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1.10

1.05

0.54

Six Flags Entertainment Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.05	1.11	1.03	0.51	0.54

Six Flags Entertainment LT-Debt-to-Total-Asset Calculation

Six Flags Entertainment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	4730.607	/	8719.643
	=	0.54

Six Flags Entertainment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	4730.607	/	8719.643
	=	0.54

Six Flags Entertainment (FRA:6FE0) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Six Flags Entertainment LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

FUN:USA 6FE0:Germany

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 approximately 27 amusement parks, around 15 separately gated water parks, and nine resort properties across the U.S., Canada, and Mexico. It provides coasters, themed rides, thrilling water parks, resorts, and a portfolio of beloved intellectual properties such as Looney Tunes, DC Comics, and PEANUTS.

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