Gogo Inc (GOGO)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 69,324 | 52,724 | 52,011 | 62,439 | 40,725 | 33,542 | 9,212 | -88,143 | -101,869 | -128,288 | -145,626 | -281,040 | -320,154 | -560,237 | -577,282 | -631,503 | -641,114 | -647,194 | -569,017 | -486,606 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Gogo Inc has been steadily decreasing over the past few quarters, starting at a level of not available (N/A) in the earlier periods and reaching 0.00 as of June 30, 2024. A debt-to-capital ratio of 0.00 indicates that the company currently has no debt in its capital structure, implying that all of its capital is derived from equity. This can be seen as a positive sign, indicating that Gogo Inc may have a stronger financial position with lower financial risk due to the absence of debt obligations. It also suggests that the company may have more flexibility in managing its finances and pursuing growth opportunities without the burden of debt repayment. However, it is essential to note that a very low debt-to-capital ratio may also indicate underutilization of debt as a cheaper source of financing, especially in a low-interest-rate environment.
Peer comparison
Dec 31, 2024