Gol Linhas Aéreas Inteligentes Balance Sheet Health
Financial Health criteria checks 2/6
Gol Linhas Aéreas Inteligentes has a total shareholder equity of R$-23.2B and total debt of R$15.6B, which brings its debt-to-equity ratio to -67.3%. Its total assets and total liabilities are R$16.7B and R$39.9B respectively. Gol Linhas Aéreas Inteligentes's EBIT is R$2.8B making its interest coverage ratio 1. It has cash and short-term investments of R$904.4M.
Key information
-67.3%
Debt to equity ratio
R$15.60b
Debt
| Interest coverage ratio | 1x |
| Cash | R$904.35m |
| Equity | -R$23.17b |
| Total liabilities | R$39.89b |
| Total assets | R$16.73b |
Recent financial health updates
Recent updates
Gol Linhas Aéreas Inteligentes: Q3 Earnings, Not Enough To Turn Bullish
Nov 24Gol: The Long And Winding Road
Nov 11Gol Linhas: Worst Priced In?
Sep 28Gol Linhas: Positive Q2, Yet Fragility Amid Macro Headwinds
Sep 19Gol: Despite A Quant Top Pick, I Remain Neutral
Jul 12Gol Airlines: Looks Like A Buy But Is A Hold
May 23GOL Linhas Aéreas Inteligentes sees ~8% growth in January prelim departures
Feb 07Gol Is Overvalued, And Less Valuable Than Azul
Jan 26Gol Is High Risk Big Reward
Dec 22GOL: On Track For A Post-COVID Recovery
Nov 17GOL sees ~37% growth in October prelim departures
Nov 07GOL Linhas GAAP EPS of -R$3.70, revenue of R$4B
Oct 27GOL Linhas guides for Q3 loss of $0.7/share
Oct 13GOL Linhas Aéreas preliminary ASK up 36.9% in September
Oct 05Gol Is Still Risky And Overpriced
Sep 01GOL Linhas Q2 2022 Earnings Preview
Jul 27Gol Linhas guides Q2 earnings below consensus
Jul 11Gol Linhas: FY22 Guidance Cut, Elevated Leverage
Mar 17GOL May Survive But Is Way Overpriced
Dec 16Gol Airlines: Well-Positioned For Reopening Following Latest Codeshare Agreement
Oct 05Gol Is Currently Undervalued By The Market
Jul 01GOL Linhas transported 1.1M passengers in May 2021
Jun 07GOL expects load factor of 81% in Q2
May 26GOL Linhas' demand in domestic market rose 294% Y/Y
May 10GOL subsidiary prices $300M international senior notes offering
May 07Financial Position Analysis
Short Term Liabilities: GOLL.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GOLL.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GOLL.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GOLL.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GOLL.Q has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GOLL.Q is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.3% per year.