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
Gogo (NASDAQ:GOGO) Takes On Some Risk With Its Use Of Debt
Apr 26
Here's Why Gogo (NASDAQ:GOGO) Has A Meaningful Debt Burden
Dec 13Gogo (NASDAQ:GOGO) Has A Somewhat Strained Balance Sheet
Sep 13Recent updates
Gogo (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 03Gogo: Risking A Crash Landing
Jul 05When Should You Buy Gogo Inc. (NASDAQ:GOGO)?
Jun 06An Intrinsic Calculation For Gogo Inc. (NASDAQ:GOGO) Suggests It's 42% Undervalued
Apr 14Gogo Is Flying Too Fast, Is Overvalued And Near Its 52-Week High
Mar 30Gogo's (NASDAQ:GOGO) Earnings Are Weaker Than They Seem
Mar 10Gogo's 5G And The New Guidance Could Push The Stock Price Even Further
Mar 08Financial Position Analysis
Short Term Liabilities: GOGO's short term assets ($314.6M) exceed its short term liabilities ($72.0M).
Long Term Liabilities: GOGO's short term assets ($314.6M) do not cover its long term liabilities ($668.8M).
Debt to Equity History and Analysis
Debt Level: GOGO's net debt to equity ratio (1062%) 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 (13.3%).
Interest Coverage: GOGO's interest payments on its debt are well covered by EBIT (4.8x coverage).