Gogo Inc (GOGO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 69,324 | 40,725 | -101,869 | -320,154 | -641,114 |
| Debt-to-capital ratio | 0.00 | 0.00 | — | — | — |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $69,324K)
= 0.00
The debt-to-capital ratio for Gogo Inc shows a significant improvement over the years. As of December 31, 2023, and December 31, 2024, the ratio stands at 0.00, indicating that the company has zero debt relative to its capital in those years. This suggests that Gogo Inc has effectively managed its debt levels and capitalized on its operations using equity financing instead. A debt-to-capital ratio of 0.00 showcases a strong financial position and lower financial risk for the company, reflecting positively on its ability to fund its operations and investments without relying heavily on borrowings. It also signifies a healthy balance between debt and equity in the company's capital structure, which could enhance its overall financial stability and attractiveness to investors.
Peer comparison
Dec 31, 2024