GOGOGogo Inc.
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Moderately leveraged. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -91% · now 77% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can GOGO take a bad year?
Gogo Inc. carries $753M of net debt at 4.50× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.50×
Net debt / EBITDA · 6.88× a year ago · the load is coming down
- Cash runway
- 5+ years
Cash runway · burning $2.1M a quarter at the current rate
- Annualised volatility
- 76%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $817M
- Cash and short-term investments
- $63M
- Net debt
- $753M
- EBITDA, trailing twelve months
- $167M
- Operating profit, trailing twelve months
- $104M
- Debt / equity
- 6.76×
- Total debt / EBITDA
- 4.88×
- Annualised volatilitytwo years of daily moves
- 76%
- Worst drawdown on file
- −91%
- Below its 52-week high
- 77%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.