Gogo Inc (GOGO)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 781,539 | 759,526 | 647,687 | 673,588 | 1,214,700 |
| Total stockholders’ equity | US$ in thousands | 40,725 | -101,869 | -320,154 | -641,114 | -398,890 |
| Financial leverage ratio | 19.19 | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $781,539K ÷ $40,725K
= 19.19
The financial leverage ratio for Gogo Inc was 19.19 as of December 31, 2023. This indicates that the company's reliance on debt to finance its operations and growth is significant. A high financial leverage ratio suggests that Gogo Inc has a higher proportion of debt in its capital structure compared to equity. This may lead to higher financial risk as the company needs to meet interest payments and debt obligations. It is important for investors and stakeholders to closely monitor Gogo Inc's financial leverage ratio over time to assess the company's ability to manage its debt levels effectively and sustain its financial health.
Peer comparison
Dec 31, 2023