All three companies have a ton of debt, but with some key differences. Disney has substantially higher assets than liabilities, Cedar Fair and Six Flags both report higher liabilities than assets. Cedar Fair's looks like they can probably weather a short-to-medium term closure to me based on their 10-K but it's impossible to know without scrubbing their books.
A couple of things wrong with this. Their cash is actually up over prior years. And their buying spree brought in new assets and revenue streams. They are a stronger company now than they were before.
So their phone systems are tied to their emergency call capacity? Am I understanding that correctly? Are they saying that calling DLP takes away from the ability to call 911? (whatever their equivalent I mean)
A switch board can only handle so many calls. If there becomes a ton of people on hold, It’s pretty likely that some switch somewhere is full. Then anyone routing through that switch can’t make a call.
Ah I gotcha.
I'm going to call and ask to add a special occasion to our trip next year.
They are also largely local parks, so as long as there isn't community spread in the area, they are probably fine. Hopefully if there becomes community spread in their area they'll close then.
Not seeing at all how this would be funny.
So Cedar Fair just fully reversed from yesterday then. This is actually for all parks opening in March (Schlitterbahn, Kings Dominion, Carowinds, Castaway Bay), not just CGA and Knotts; excluding Gilroy Gardens still opening March 27th for now.
What revenue streams is Disney going to benefit from right now because of their buying spree? Movies aren't being released, ESPN and ESPN+ have no programing, and the parks and resorts which have always been Disney's safety net and main source of income are shut down. Disney has gone from a position of strength with it's debt load to a position of weakness as it is going to face a crisis like it hasn't faced before. Here are the solvency ratios for you over the last five fiscal years:
