Gogo Inc (GOGO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,229,230 | 781,539 | 759,526 | 647,687 | 673,588 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,229,230K
= 0.00
The debt-to-assets ratio of Gogo Inc has consistently been 0.00 from December 31, 2020, through December 31, 2024. This indicates that Gogo Inc does not have any debt in relation to its total assets during these years. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity rather than debt. This can be viewed positively by investors and creditors as it suggests a lower financial risk and a more stable financial position. However, it is important to consider the context of the industry and overall financial health of the company when evaluating the implications of such a low debt-to-assets ratio.
Peer comparison
Dec 31, 2024