Gogo Inc (GOGO)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 587,501 | 588,733 | 590,051 | 688,991 | 690,173 | 691,337 | 692,482 | 693,617 | 694,760 | 695,894 | 697,035 | 1,163,820 | 827,968 | 1,126,630 | 1,118,600 | 1,124,710 | 1,101,250 | 1,096,170 | 1,092,320 | 1,030,360 |
| Total stockholders’ equity | US$ in thousands | 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 | -398,890 | -382,829 | -363,607 | -283,974 |
| Debt-to-equity ratio | 14.43 | 17.55 | 64.05 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
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 has shown significant fluctuations over the quarters provided. In Q4 2023, the ratio stands at 14.60, indicating that the company has a relatively low level of debt compared to its equity. This suggests that Gogo Inc may have a stronger equity position to support its operations and growth.
However, in Q3 2023, the ratio increased to 17.77, indicating a higher proportion of debt relative to equity. This could signal increased leverage and financial risk for the company in that quarter.
The most notable observation is the sharp increase in the debt-to-equity ratio to 64.84 in Q2 2023. This suggests that Gogo Inc had a significantly higher level of debt compared to equity during that period, which may raise concerns about the company's financial health and ability to meet its debt obligations.
Unfortunately, data for Q1 2023 and the previous quarters (Q4 2022, Q3 2022, Q2 2022, and Q1 2022) are not available for analysis. The absence of this historical data limits the ability to track trends and fully assess the company's long-term debt management practices.
Overall, the analysis of Gogo Inc's debt-to-equity ratio highlights the importance of monitoring changes in financial leverage and evaluating the company's ability to manage its debt levels effectively over time.
Peer comparison
Dec 31, 2023