Gogo Balance Sheet Health
Financial Health criteria checks 3/6
Gogo has a total shareholder equity of $52.7M and total debt of $591.1M, which brings its debt-to-equity ratio to 1121.1%. Its total assets and total liabilities are $810.7M and $758.0M respectively. Gogo's EBIT is $107.0M making its interest coverage ratio 4.1. It has cash and short-term investments of $188.3M.
Key information
1,121.1%
Debt to equity ratio
US$591.11m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$188.30m |
| Equity | US$52.72m |
| Total liabilities | US$758.01m |
| Total assets | US$810.74m |
Recent financial health updates
These 4 Measures Indicate That Gogo (NASDAQ:GOGO) Is Using Debt Extensively
Oct 04
Gogo (NASDAQ:GOGO) Takes On Some Risk With Its Use Of Debt
Apr 26Here's Why Gogo (NASDAQ:GOGO) Has A Meaningful Debt Burden
Dec 13Gogo (NASDAQ:GOGO) Has A Somewhat Strained Balance Sheet
Sep 13Recent updates
Gogo: Quite Undervalued Despite Gogo 5G Introduction
Nov 08Gogo Inc. (NASDAQ:GOGO) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
Nov 06These 4 Measures Indicate That Gogo (NASDAQ:GOGO) Is Using Debt Extensively
Oct 04At US$8.66, Is It Time To Put Gogo Inc. (NASDAQ:GOGO) On Your Watch List?
Aug 02Lacklustre Performance Is Driving Gogo Inc.'s (NASDAQ:GOGO) Low P/E
Jul 12Gogo: A Fair Price Considering Its Risks
Jun 06Shareholders Will Likely Find Gogo Inc.'s (NASDAQ:GOGO) CEO Compensation Acceptable
May 29Gogo's (NASDAQ:GOGO) Earnings Might Be Weaker Than You Think
May 14Gogo Inc. Just Recorded A 250% EPS Beat: Here's What Analysts Are Forecasting Next
May 10Gogo (NASDAQ:GOGO) Takes On Some Risk With Its Use Of Debt
Apr 26Gogo Inc.'s (NASDAQ:GOGO) Price Is Right But Growth Is Lacking
Apr 05Gogo Q4 2023: Focus On The Service Business (Rating Upgrade)
Mar 12Gogo Inc. Just Beat EPS By 6.3%: Here's What Analysts Think Will Happen Next
Mar 02At US$8.30, Is It Time To Put Gogo Inc. (NASDAQ:GOGO) On Your Watch List?
Feb 29There Is A Reason Gogo Inc.'s (NASDAQ:GOGO) Price Is Undemanding
Jan 04Here's Why Gogo (NASDAQ:GOGO) Has A Meaningful Debt Burden
Dec 13Should You Investigate Gogo Inc. (NASDAQ:GOGO) At US$10.09?
Nov 10Gogo (NASDAQ:GOGO) Has A Somewhat Strained Balance Sheet
Sep 13What Is Gogo Inc.'s (NASDAQ:GOGO) Share Price Doing?
Aug 04Should You Think About Buying Gogo Inc. (NASDAQ:GOGO) Now?
May 05Investors Appear Satisfied With Gogo Inc.'s (NASDAQ:GOGO) Prospects
Apr 03An Intrinsic Calculation For Gogo Inc. (NASDAQ:GOGO) Suggests It's 27% Undervalued
Nov 02Is It Time To Consider Buying Gogo Inc. (NASDAQ:GOGO)?
Sep 25Gogo buybacks 1.5M shares of common stock from Blackrock
Sep 16Gogo: 2 Developments For Triggering An Upside
Aug 12Gogo Has Turned A Corner
Aug 03Financial Position Analysis
Short Term Liabilities: GOGO's short term assets ($347.4M) exceed its short term liabilities ($97.0M).
Long Term Liabilities: GOGO's short term assets ($347.4M) do not cover its long term liabilities ($661.0M).
Debt to Equity History and Analysis
Debt Level: GOGO's net debt to equity ratio (764%) is considered high.
Reducing Debt: GOGO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: GOGO's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: GOGO's interest payments on its debt are well covered by EBIT (4.1x coverage).