Six Flags Entertainment (Six Flags Entertainment) Interest Expense : $-158 Mil (TTM As of Dec. 2023)

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What is Six Flags Entertainment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Six Flags Entertainment's interest expense for the three months ended in Dec. 2023 was $ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-158 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Six Flags Entertainment's Operating Income for the three months ended in Dec. 2023 was $ 51 Mil. Six Flags Entertainment's Interest Expense for the three months ended in Dec. 2023 was $ -40 Mil. Six Flags Entertainment's Interest Coverage for the quarter that ended in Dec. 2023 was 1.28. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Six Flags Entertainment Interest Expense Historical Data

The historical data trend for Six Flags Entertainment's Interest Expense 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 Interest Expense Chart

Six Flags Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-114.70

-155.41

-152.44

-141.59

-158.26

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
Interest Expense	Get a 7-Day Free Trial															-33.89	-36.30	-43.50	-38.26	-40.20

Six Flags Entertainment Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-158 Mil.

Six Flags Entertainment (NYSE:SIX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Six Flags Entertainment's Interest Expense for the three months ended in Dec. 2023 was $-40 Mil. Its Operating Income for the three months ended in Dec. 2023 was $51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,284 Mil.

Six Flags Entertainment's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	51.283	/	-40.196
	=	1.28

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Six Flags Entertainment Corp interest coverage is 2.08, which is low.

Six Flags Entertainment (Six Flags Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Six Flags Entertainment Corp (NYSE:SIX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6FE:Germany 6FE:Germany S2IX34:Brazil

Address

1000 Ballpark Way, Suite 400, Arlington, TX, USA, 76011

Website

https://www.sixflags.com

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