Six Other Current Assets vs Accounts Payable Analysis
SIX Stock | USD 26.72 0.16 0.60% |
Six Flags financial indicator trend analysis is much more than just breaking down Six Flags Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Six Flags Entertainment is a good investment. Please check the relationship between Six Flags Other Current Assets and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Other Current Assets vs Accounts Payable
Other Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Six Flags Entertainment Other Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Six Flags' Other Current Assets and Accounts Payable is 0.6. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Six Flags Entertainment, assuming nothing else is changed. The correlation between historical values of Six Flags' Other Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Six Flags Entertainment are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Current Assets i.e., Six Flags' Other Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Accounts Payable
An accounting item on the balance sheet that represents Six Flags obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Six Flags Entertainment are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Six Flags' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Six Flags Entertainment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. Tax Provision is likely to rise to about 28.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 204.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 152.4M | 141.6M | 151.9M | 101.8M | Depreciation And Amortization | 114.4M | 117.1M | 116.3M | 140.2M |
Six Flags fundamental ratios Correlations
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Six Flags Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Six Flags fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9B | 2.8B | 3.0B | 2.7B | 2.7B | 3.2B | |
Short Long Term Debt Total | 2.5B | 2.8B | 2.6B | 2.6B | 2.9B | 2.0B | |
Other Current Liab | 144.1M | 206.6M | (49.4M) | 155.1M | 178.4M | 123.4M | |
Total Current Liabilities | 339.7M | 452.4M | 177.8M | 434.3M | 587.5M | 296.2M | |
Total Stockholder Equity | (716.1M) | (1.2B) | (2.1B) | (950.6M) | (898.0M) | (853.1M) | |
Property Plant And Equipment Net | 1.5B | 1.4B | 1.4B | 1.4B | 1.4B | 1.2B | |
Net Debt | 2.3B | 2.7B | 2.3B | 2.5B | 2.3B | 1.9B | |
Retained Earnings | (1.7B) | (2.2B) | (2.0B) | (2.0B) | (2.0B) | (1.9B) | |
Cash | 174.2M | 157.8M | 335.6M | 80.1M | 77.6M | 150.1M | |
Non Current Assets Total | 2.5B | 2.5B | 2.6B | 2.4B | 2.5B | 2.1B | |
Non Currrent Assets Other | 16.3M | 14.1M | 191.5M | (168.4M) | 34.9M | 33.1M | |
Cash And Short Term Investments | 174.2M | 157.8M | 335.6M | 80.1M | 92.1M | 152.4M | |
Net Receivables | 108.7M | 36.6M | 97.7M | 49.4M | 62.7M | 47.8M | |
Common Stock Total Equity | 2.1M | 2.1M | 2.2M | 2.1M | 2.4M | 2.2M | |
Common Stock Shares Outstanding | 85.0M | 84.8M | 86.7M | 84.7M | 83.6M | 79.4M | |
Liabilities And Stockholders Equity | 2.9B | 2.8B | 3.0B | 2.7B | 3.1B | 3.2B | |
Non Current Liabilities Total | 2.7B | 3.0B | 2.3B | 2.7B | 2.5B | 2.3B | |
Inventory | 33.0M | 39.2M | 27.3M | 44.8M | 31.6M | 27.2M | |
Other Current Assets | 60.4M | 73.2M | 55.5M | 66.5M | 80.9M | 76.9M | |
Other Stockholder Equity | 1.1B | 1.1B | 2.1B | 1.1B | 1.3B | 1.2B | |
Total Liab | 2.9B | 3.4B | 3.0B | 3.1B | 3.1B | 2.7B | |
Property Plant And Equipment Gross | 1.5B | 2.4B | 2.5B | 2.6B | 2.9B | 1.8B | |
Total Current Assets | 376.2M | 306.7M | 335.6M | 240.8M | 252.8M | 300.8M | |
Accumulated Other Comprehensive Income | (74.7M) | (96.5M) | (81.2M) | (71.2M) | (64.1M) | (67.3M) | |
Short Term Debt | 18.7M | 14.1M | 11.2M | 111.7M | 100.5M | 57.1M | |
Common Stock | 2.1M | 2.1M | 2.2M | 2.1M | 2.4M | 2.2M | |
Accounts Payable | 32.9M | 26.6M | 38.3M | 38.9M | 27.2M | 24.1M | |
Intangible Assets | 345.2M | 344.2M | 344.2M | 344.2M | 344.1M | 548.5M | |
Other Liab | 272.0M | 124.7M | 152.1M | 209.1M | 240.5M | 192.4M | |
Other Assets | 14.9M | 13.6M | 11.1M | 16.2M | 14.6M | 13.9M | |
Long Term Debt | 2.3B | 2.6B | 2.6B | 2.3B | 2.1B | 2.1B | |
Property Plant Equipment | 1.3B | 1.3B | 1.3B | 1.4B | 1.3B | 1.3B | |
Current Deferred Revenue | 144.0M | 205.1M | 177.8M | 128.6M | 147.9M | 77.6M | |
Net Tangible Assets | (186.9M) | (635.2M) | (460.1M) | (429.2M) | (386.3M) | (366.9M) | |
Retained Earnings Total Equity | (1.7B) | (2.2B) | (2.0B) | (2.0B) | (1.8B) | (1.9B) | |
Long Term Debt Total | 2.3B | 2.6B | 2.6B | 2.3B | 2.6B | 2.0B | |
Capital Surpluse | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 1.1B |
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When determining whether Six Flags Entertainment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Six Flags' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Six Flags Entertainment Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Six Flags Entertainment Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Six Flags Entertainment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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When running Six Flags' price analysis, check to measure Six Flags' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Six Flags is operating at the current time. Most of Six Flags' value examination focuses on studying past and present price action to predict the probability of Six Flags' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Six Flags' price. Additionally, you may evaluate how the addition of Six Flags to your portfolios can decrease your overall portfolio volatility.
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Is Six Flags' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Six Flags. If investors know Six will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Six Flags listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Earnings Share 0.46 | Revenue Per Share 16.94 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0776 |
The market value of Six Flags Entertainment is measured differently than its book value, which is the value of Six that is recorded on the company's balance sheet. Investors also form their own opinion of Six Flags' value that differs from its market value or its book value, called intrinsic value, which is Six Flags' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Six Flags' market value can be influenced by many factors that don't directly affect Six Flags' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Six Flags' value and its price as these two are different measures arrived at by different means. Investors typically determine if Six Flags is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Six Flags' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.