Gogo Inc (GOGO)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,229,230 | 810,737 | 802,677 | 808,953 | 781,539 | 767,288 | 745,513 | 759,238 | 759,526 | 728,639 | 723,566 | 685,275 | 647,687 | 443,205 | 352,036 | 687,732 | 673,588 | 984,455 | 1,064,820 | 1,191,470 |
| Total stockholders’ equity | US$ in thousands | 69,324 | 52,724 | 52,011 | 62,439 | 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 |
| Financial leverage ratio | 17.73 | 15.38 | 15.43 | 12.96 | 19.19 | 22.88 | 80.93 | — | — | — | — | — | — | — | — | — | — | — | — | — |
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 has been declining steadily over the past few quarters. As of December 31, 2024, the ratio stood at 17.73, indicating that the company has decreased its reliance on debt to finance its operations. This reduction in financial leverage suggests that Gogo Inc may be managing its debt obligations more effectively and potentially improving its overall financial stability. However, it is essential to monitor this ratio to ensure that the company maintains a healthy balance between debt and equity to support its growth and profitability in the long term.
Peer comparison
Dec 31, 2024