Gogo Inc (GOGO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 1,214,700 | 1,280,370 | 1,282,150 | 1,296,810 |
| 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 |
| Financial leverage ratio | 19.19 | 22.88 | 80.93 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $781,539K ÷ $40,725K
= 19.19
The financial leverage ratio of Gogo Inc has shown significant fluctuations over the recent quarters. In Q4 2023, the ratio stands at 19.19, which indicates that the company's level of debt relative to its equity is moderate. However, it has decreased from 22.88 in Q3 2023, suggesting a potential improvement in the company's debt management.
The sharp increase in the financial leverage ratio to 80.93 in Q2 2023 raises concerns about the company's high level of debt compared to its equity during that period. Unfortunately, data for Q1 2023 is unavailable for comparison.
Overall, the company's financial leverage ratio has been volatile, indicating fluctuating levels of debt relative to equity. It is crucial for investors and stakeholders to monitor this ratio closely to assess the company's risk exposure and financial stability.
Peer comparison
Dec 31, 2023