Gogo Balance Sheet Health
Financial Health criteria checks 3/6
Gogo has a total shareholder equity of $40.7M and total debt of $594.8M, which brings its debt-to-equity ratio to 1460.4%. Its total assets and total liabilities are $781.5M and $740.8M respectively. Gogo's EBIT is $124.2M making its interest coverage ratio 4.8. It has cash and short-term investments of $162.3M.
Key information
1,460.4%
Debt to equity ratio
US$594.75m
Debt
Interest coverage ratio | 4.8x |
Cash | US$162.26m |
Equity | US$40.73m |
Total liabilities | US$740.81m |
Total assets | US$781.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G0G's short term assets ($314.6M) exceed its short term liabilities ($72.0M).
Long Term Liabilities: G0G's short term assets ($314.6M) do not cover its long term liabilities ($668.8M).
Debt to Equity History and Analysis
Debt Level: G0G's net debt to equity ratio (1062%) is considered high.
Reducing Debt: G0G had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: G0G's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: G0G's interest payments on its debt are well covered by EBIT (4.8x coverage).