Gogo Inc (GOGO)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 314,594 | 286,833 | 256,760 | 335,447 | 324,149 | 290,408 | 300,001 | 271,052 | 249,914 | 240,472 | 188,397 | 529,569 | 512,226 | 819,034 | 390,473 | 466,489 | 424,825 | 478,801 | 477,833 | 491,975 |
| Total current liabilities | US$ in thousands | 71,996 | 62,501 | 62,411 | 73,394 | 84,370 | 77,944 | 91,673 | 188,298 | 188,516 | 220,395 | 188,122 | 109,215 | 438,135 | 455,889 | 291,611 | 271,423 | 252,642 | 283,727 | 270,098 | 271,256 |
| Current ratio | 4.37 | 4.59 | 4.11 | 4.57 | 3.84 | 3.73 | 3.27 | 1.44 | 1.33 | 1.09 | 1.00 | 4.85 | 1.17 | 1.80 | 1.34 | 1.72 | 1.68 | 1.69 | 1.77 | 1.81 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $314,594K ÷ $71,996K
= 4.37
The current ratio of Gogo Inc has shown a generally positive trend over the past eight quarters, reflecting the company's ability to meet its short-term financial obligations. The ratio has consistently remained above 1, indicating that the company has more than enough current assets to cover its current liabilities.
Specifically, the current ratio has increased from 3.84 in Q4 2022 to 4.37 in Q4 2023, demonstrating an improvement in the company's liquidity position. This upward trend continued in subsequent quarters, reaching a peak of 4.59 in Q3 2023 before slightly declining to 4.11 in Q2 2023 and further recovering to 4.57 in Q1 2023.
It is worth noting that the current ratio significantly improved from Q1 2022 to Q2 2022, more than doubling from 1.44 to 3.27. This jump could indicate either an increase in current assets or a decrease in current liabilities during that period.
Overall, the current ratio of Gogo Inc has displayed a strong and consistent performance, suggesting a healthy balance between current assets and current liabilities, and indicating the company's ability to weather short-term financial challenges.
Peer comparison
Dec 31, 2023