Six Accumulated Depreciation vs Long Term Investments Analysis

SIX Stock

USD 26.50 0.49 1.88%

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 Accumulated Depreciation and its Long Term Investments 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.

Accumulated Depreciation vs Long Term Investments

Accumulated Depreciation vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Six Flags Entertainment Accumulated Depreciation account and Long Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Six Flags' Accumulated Depreciation and Long Term Investments is -0.76. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Long Term Investments 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' Accumulated Depreciation and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Six Flags Entertainment are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Accumulated Depreciation i.e., Six Flags' Accumulated Depreciation and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.76

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Six Flags Entertainment fixed asset that has been charged to Six Flags expense since that asset was acquired and made available for Six Flags use. The accumulated depreciation account is Six Flags Entertainment asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Six Flags Entertainment.

Long Term Investments

Long Term Investments is an item on the asset side of Six Flags balance sheet that represents investments Six Flags Entertainment intends to hold for over a year. Six Flags Entertainment long term investments may include different instruments such as stocks, bonds, real estate and cash.

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

Interest Expense Depreciation And Amortization

Six Flags fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Intangible Assets
Total Assets		0.66	0.29	0.51	-0.22	0.93	0.59	-0.43	0.43	0.94	0.06	0.43	0.44	0.73	0.27	0.73	0.68	0.74	0.43	0.86	0.62	0.63	0.17	0.73	0.61	0.91
Short Long Term Debt Total	0.66		0.33	0.82	-0.76	0.79	0.97	-0.91	-0.02	0.74	0.36	-0.01	0.59	0.7	-0.4	0.96	0.89	0.9	0.7	0.85	0.89	0.13	0.43	0.7	0.78	0.46
Other Current Liab	0.29	0.33		0.64	0.12	0.39	0.37	-0.27	-0.33	0.36	-0.36	-0.32	0.09	0.44	0.02	0.46	0.44	0.4	0.08	0.36	0.14	-0.03	0.59	0.44	0.1	0.34
Total Current Liabilities	0.51	0.82	0.64		-0.42	0.67	0.79	-0.72	-0.28	0.61	-0.04	-0.26	0.35	0.65	-0.29	0.82	0.81	0.85	0.43	0.68	0.75	-0.03	0.55	0.65	0.51	0.41
Total Stockholder Equity	-0.22	-0.76	0.12	-0.42		-0.34	-0.8	0.9	0.23	-0.28	-0.63	0.22	-0.52	-0.39	0.75	-0.66	-0.55	-0.61	-0.81	-0.43	-0.68	0.29	-0.29	-0.39	-0.64	-0.09
Property Plant And Equipment Net	0.93	0.79	0.39	0.67	-0.34		0.74	-0.55	0.25	0.99	0.02	0.26	0.54	0.79	0.19	0.84	0.81	0.78	0.55	0.88	0.72	0.47	0.25	0.79	0.74	0.76
Net Debt	0.59	0.97	0.37	0.79	-0.8	0.74		-0.95	-0.19	0.68	0.31	-0.19	0.63	0.72	-0.49	0.97	0.89	0.87	0.74	0.79	0.81	-0.03	0.44	0.72	0.79	0.43
Retained Earnings	-0.43	-0.91	-0.27	-0.72	0.9	-0.55	-0.95		0.3	-0.49	-0.43	0.3	-0.59	-0.63	0.69	-0.88	-0.77	-0.83	-0.8	-0.64	-0.76	0.21	-0.47	-0.63	-0.7	-0.34
Cash	0.43	-0.02	-0.33	-0.28	0.23	0.25	-0.19	0.3		0.29	0.17	1.0	-0.14	-0.17	0.58	-0.04	-0.02	-0.06	-0.21	0.29	0.07	0.91	-0.33	-0.17	0.09	0.25
Non Current Assets Total	0.94	0.74	0.36	0.61	-0.28	0.99	0.68	-0.49	0.29		0.01	0.29	0.55	0.8	0.27	0.78	0.75	0.72	0.54	0.86	0.67	0.49	0.22	0.8	0.73	0.77
Non Currrent Assets Other	0.06	0.36	-0.36	-0.04	-0.63	0.02	0.31	-0.43	0.17	0.01		0.18	0.42	0.1	-0.49	0.23	-0.03	0.18	0.43	0.21	0.21	0.06	-0.09	0.1	0.18	-0.06
Cash And Short Term Investments	0.43	-0.01	-0.32	-0.26	0.22	0.26	-0.19	0.3	1.0	0.29	0.18		-0.14	-0.16	0.57	-0.03	-0.01	-0.05	-0.21	0.29	0.09	0.91	-0.32	-0.16	0.09	0.26
Net Receivables	0.44	0.59	0.09	0.35	-0.52	0.54	0.63	-0.59	-0.14	0.55	0.42	-0.14		0.64	-0.26	0.6	0.41	0.4	0.62	0.49	0.26	0.02	0.14	0.64	0.69	0.3
Common Stock Total Equity	0.73	0.7	0.44	0.65	-0.39	0.79	0.72	-0.63	-0.17	0.8	0.1	-0.16	0.64		-0.05	0.75	0.64	0.73	0.59	0.79	0.57	0.11	0.26	1.0	0.56	0.7
Common Stock Shares Outstanding	0.27	-0.4	0.02	-0.29	0.75	0.19	-0.49	0.69	0.58	0.27	-0.49	0.57	-0.26	-0.05		-0.34	-0.23	-0.34	-0.41	0.0	-0.28	0.61	-0.32	-0.05	-0.19	0.23
Non Current Liabilities Total	0.73	0.96	0.46	0.82	-0.66	0.84	0.97	-0.88	-0.04	0.78	0.23	-0.03	0.6	0.75	-0.34		0.93	0.91	0.64	0.88	0.79	0.17	0.41	0.75	0.77	0.57
Inventory	0.68	0.89	0.44	0.81	-0.55	0.81	0.89	-0.77	-0.02	0.75	-0.03	-0.01	0.41	0.64	-0.23	0.93		0.85	0.5	0.83	0.82	0.19	0.44	0.64	0.79	0.51
Other Current Assets	0.74	0.9	0.4	0.85	-0.61	0.78	0.87	-0.83	-0.06	0.72	0.18	-0.05	0.4	0.73	-0.34	0.91	0.85		0.6	0.81	0.87	0.14	0.43	0.73	0.6	0.68
Other Stockholder Equity	0.43	0.7	0.08	0.43	-0.81	0.55	0.74	-0.8	-0.21	0.54	0.43	-0.21	0.62	0.59	-0.41	0.64	0.5	0.6		0.43	0.62	-0.25	0.44	0.59	0.7	0.37
Total Liab	0.86	0.85	0.36	0.68	-0.43	0.88	0.79	-0.64	0.29	0.86	0.21	0.29	0.49	0.79	0.0	0.88	0.83	0.81	0.43		0.75	0.52	0.22	0.79	0.66	0.66
Property Plant And Equipment Gross	0.62	0.89	0.14	0.75	-0.68	0.72	0.81	-0.76	0.07	0.67	0.21	0.09	0.26	0.57	-0.28	0.79	0.82	0.87	0.62	0.75		0.13	0.4	0.57	0.67	0.45
Total Current Assets	0.63	0.13	-0.03	-0.03	0.29	0.47	-0.03	0.21	0.91	0.49	0.06	0.91	0.02	0.11	0.61	0.17	0.19	0.14	-0.25	0.52	0.13		-0.24	0.11	0.15	0.46
Short Term Debt	0.17	0.43	0.59	0.55	-0.29	0.25	0.44	-0.47	-0.33	0.22	-0.09	-0.32	0.14	0.26	-0.32	0.41	0.44	0.43	0.44	0.22	0.4	-0.24		0.26	0.4	0.21
Common Stock	0.73	0.7	0.44	0.65	-0.39	0.79	0.72	-0.63	-0.17	0.8	0.1	-0.16	0.64	1.0	-0.05	0.75	0.64	0.73	0.59	0.79	0.57	0.11	0.26		0.56	0.7
Accounts Payable	0.61	0.78	0.1	0.51	-0.64	0.74	0.79	-0.7	0.09	0.73	0.18	0.09	0.69	0.56	-0.19	0.77	0.79	0.6	0.7	0.66	0.67	0.15	0.4	0.56		0.4
Intangible Assets	0.91	0.46	0.34	0.41	-0.09	0.76	0.43	-0.34	0.25	0.77	-0.06	0.26	0.3	0.7	0.23	0.57	0.51	0.68	0.37	0.66	0.45	0.46	0.21	0.7	0.4

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Six Flags Account Relationship Matchups

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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Six Accumulated Depreciation vs Long Term Investments Analysis

Accumulated Depreciation vs Long Term Investments

Accumulated Depreciation vs Long Term Investments Correlation Analysis

Correlation Coefficient

Accumulated Depreciation

Long Term Investments

Six Flags fundamental ratios Correlations

Six Flags Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Six Flags fundamental ratios Accounts

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Additional Tools for Six Stock Analysis

COMMON DESTINATIONS

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Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.97	Net Debt
Non Current Liabilities Total	+ 0.96	Short Long Term Debt Total

Retained Earnings	- 0.95	Net Debt
Retained Earnings	- 0.91	Short Long Term Debt Total
Non Current Liabilities Total	- 0.88	Retained Earnings
Other Current Assets	- 0.83	Retained Earnings
Other Stockholder Equity	- 0.81	Total Stockholder Equity
Other Stockholder Equity	- 0.8	Retained Earnings