Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
The data show a pronounced discontinuity rather than a smooth multi-year trend. Reported total assets are zero for 2021–2022 and 2025 (which likely indicates missing or unreported data), then jump from $2,240.5M in 2023 to $9,130.5M in 2024 — an increase of about 307% year-over-year. Liabilities are reported as zero for 2019–2023 (again likely missing) and then rise to $7,088.7M in 2024; stockholders’ equity appears at $2,041.9M in 2024 after being zero in the other years. In 2024 liabilities represent roughly 77.6% of total assets and equity about 22.4%, implying a leverage (liabilities/equity) of about 3.47x. Interpreting these movements, the 2023→2024 change is the major event: large asset growth accompanied by material new liabilities and a meaningful equity base. That pattern is consistent with a capital-intensive expansion (acquisitions, major park investments, or accounting/lease reclassifications) financed largely with debt. For an amusement-park operator like Six Flags — a cyclical, capital-heavy business sensitive to attendance and discretionary spending — this level of leverage increases operating and refinancing risk if revenues soften. Given the many zero entries, I recommend reviewing the company’s notes or filings to confirm whether earlier years were omitted, and to identify the specific transactions or accounting changes that drove the 2024 balance-sheet expansion.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.