Gogo Inc (GOGO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 323,093 | 314,594 | 324,149 | 249,914 | 512,226 |
| Total current liabilities | US$ in thousands | 182,028 | 71,996 | 84,370 | 188,516 | 438,135 |
| Current ratio | 1.77 | 4.37 | 3.84 | 1.33 | 1.17 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $323,093K ÷ $182,028K
= 1.77
The current ratio of Gogo Inc has shown a positive trend over the years, improving from 1.17 in December 2020 to 1.33 in December 2021, and significantly increasing to 3.84 in December 2022 and further to 4.37 in December 2023. This indicates that the company's current assets have been increasing in proportion to its current liabilities, reflecting a strong liquidity position. However, there was a slight decrease to 1.77 in December 2024, which may warrant further investigation to understand the underlying reasons for this decline. Overall, the company's current ratio demonstrates a healthy ability to meet its short-term obligations, although a closer analysis of its components would provide more insights into its financial health.
Peer comparison
Dec 31, 2024