Gogo Inc (GOGO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,229,230 | 781,539 | 759,526 | 647,687 | 673,588 |
| Total stockholders’ equity | US$ in thousands | 69,324 | 40,725 | -101,869 | -320,154 | -641,114 |
| Financial leverage ratio | 17.73 | 19.19 | — | — | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,229,230K ÷ $69,324K
= 17.73
The financial leverage ratio of Gogo Inc, as indicated by the data provided, has shown a decreasing trend over the years. From not being available in 2020 and 2021, the ratio came into view at 19.19 in 2023 and decreased further to 17.73 in 2024. This decline in the financial leverage ratio suggests that the company is relying less on debt financing to support its operations and growth, which can be viewed positively as it indicates a reduced level of financial risk and potential for financial distress. It implies that the company may have either paid down debt or increased its equity base during this period, which can enhance its overall financial stability and flexibility.
Peer comparison
Dec 31, 2024