Gogo Inc (GOGO)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 587,501 | 690,173 | 694,760 | 827,968 | 1,101,250 |
| Total stockholders’ equity | US$ in thousands | 40,725 | -101,869 | -320,154 | -641,114 | -398,890 |
| Debt-to-equity ratio | 14.43 | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $587,501K ÷ $40,725K
= 14.43
The debt-to-equity ratio of Gogo Inc as of December 31, 2023, is 14.60. Unfortunately, historical data for this ratio in the previous years (2022, 2021, 2020, and 2019) is not available, making it challenging to provide a meaningful trend analysis or comparison over time. However, based on the standalone ratio for 2023, it indicates that the company has a significantly higher proportion of debt relative to equity, suggesting a higher reliance on debt financing to fund its operations and growth. Further analysis and comparison with industry benchmarks would be needed to assess the company's leverage position in more detail.
Peer comparison
Dec 31, 2023