Gogo Inc (GOGO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — | — | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $69,324K
= 0.00
The Debt-to-Equity ratio of Gogo Inc for the years ending December 31, 2023 and December 31, 2024 is 0.00. This indicates that the company had no debt relative to its equity during these two years. A low debt-to-equity ratio may suggest that the company is relying more on equity financing rather than debt to fund its operations and expansions, which could be seen as a positive financial indicator in terms of lower financial risk and potential stability. However, it is important to note that a zero debt-to-equity ratio could also imply that the company may not be leveraging debt to maximize its growth opportunities, which could potentially limit its ability to benefit from tax advantages or achieve higher returns on equity.
Peer comparison
Dec 31, 2024