Gogo Accounts Payable vs Long Term Debt Analysis
GOGO Stock | USD 7.85 0.07 0.90% |
Gogo financial indicator trend analysis is much more than just examining Gogo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gogo Inc is a good investment. Please check the relationship between Gogo Accounts Payable and its Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Accounts Payable vs Long Term Debt
Accounts Payable vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gogo Inc Accounts Payable account and Long Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Gogo's Accounts Payable and Long Term Debt is 0.09. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Gogo Inc, assuming nothing else is changed. The correlation between historical values of Gogo's Accounts Payable and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Gogo Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Accounts Payable i.e., Gogo's Accounts Payable and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.09 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Gogo obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Gogo Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Long Term Debt
Long-term debt is a debt that Gogo Inc has held for over one year. Long-term debt appears on Gogo Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Gogo Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Gogo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gogo Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Gogo's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.24, though Tax Provision is likely to grow to (47.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 67.5M | 38.9M | 33.1M | 64.1M | Depreciation And Amortization | 15.5M | 12.6M | 16.7M | 15.9M |
Gogo fundamental ratios Correlations
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Gogo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gogo fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 673.6M | 647.7M | 759.5M | 781.5M | 856.7M | |
Short Long Term Debt Total | 1.2B | 1.2B | 881.7M | 776.7M | 678.1M | 646.4M | |
Other Current Liab | 188.5M | 72.9M | 50.4M | 48.7M | 35.2M | 33.4M | |
Total Current Liabilities | 252.6M | 438.1M | 188.5M | 84.4M | 72.0M | 68.4M | |
Total Stockholder Equity | (398.9M) | (641.1M) | (320.2M) | (101.9M) | 40.7M | 42.8M | |
Property Plant And Equipment Net | 623.7M | 97.2M | 134.7M | 179.9M | 168.7M | 334.7M | |
Current Deferred Revenue | 34.8M | 3.1M | 1.8M | 3.4M | 1.0M | 952.9K | |
Net Debt | 1.0B | 771.6M | 735.8M | 626.1M | 539.1M | 453.8M | |
Retained Earnings | (1.4B) | (1.6B) | (1.5B) | (1.4B) | (1.2B) | (1.3B) | |
Accounts Payable | 17.2M | 11.0M | 17.2M | 13.6M | 16.1M | 16.2M | |
Cash | 170.0M | 435.3M | 145.9M | 150.6M | 139.0M | 192.5M | |
Non Current Assets Total | 789.9M | 161.4M | 397.8M | 435.4M | 466.9M | 485.9M | |
Non Currrent Assets Other | 89.7M | 11.5M | 3.5M | 4.1M | 5.7M | 5.4M | |
Cash And Short Term Investments | 170.0M | 435.3M | 145.9M | 175.3M | 139.0M | 237.7M | |
Net Receivables | 101.4M | 42.3M | 37.7M | 60.7M | 73.4M | 62.4M | |
Common Stock Shares Outstanding | 80.8M | 82.3M | 127.2M | 133.9M | 133.3M | 98.9M | |
Liabilities And Stockholders Equity | 1.2B | 673.6M | 647.7M | 759.5M | 781.5M | 856.7M | |
Non Current Liabilities Total | 1.4B | 876.6M | 779.3M | 777.0M | 668.8M | 823.2M | |
Inventory | 117.1M | 28.1M | 34.0M | 49.5M | 63.2M | 49.2M | |
Other Current Assets | 36.3M | 6.5M | 32.3M | 38.6M | 38.9M | 21.5M | |
Other Stockholder Equity | 979.5M | 989.7M | 1.1B | 1.2B | 1.2B | 830.1M | |
Total Liab | 1.6B | 1.3B | 967.8M | 861.4M | 740.8M | 1.0B | |
Property Plant And Equipment Gross | 623.7M | 97.2M | 63.7M | 179.9M | 290.0M | 338.4M | |
Total Current Assets | 424.8M | 512.2M | 249.9M | 324.1M | 314.6M | 370.8M | |
Accumulated Other Comprehensive Income | (2.3M) | (1.0M) | 1.8M | 30.1M | 15.8M | 16.6M | |
Short Term Debt | 12.2M | 349.1M | 117.1M | 16.3M | 17.5M | 16.7M | |
Intangible Assets | 75.9M | 52.1M | 48.9M | 48.9M | 55.0M | 52.9M | |
Other Liab | 180.9M | 10.6M | 7.2M | 7.6M | 6.8M | 6.5M | |
Other Assets | 89.7M | 11.5M | 213.6M | 180.4M | 207.5M | 217.9M | |
Long Term Debt | 1.1B | 828.0M | 694.8M | 690.2M | 587.5M | 672.0M | |
Short Term Investments | 39.3M | 170.0M | 925K | 24.8M | 23.2M | 22.1M | |
Property Plant Equipment | 560.3M | 63.5M | 63.7M | 179.9M | 161.9M | 264.5M | |
Net Tangible Assets | (475.4M) | (693.8M) | (320.2M) | (151.4M) | (136.2M) | (143.1M) | |
Retained Earnings Total Equity | (1.2B) | (1.4B) | (1.6B) | (1.5B) | (1.3B) | (1.4B) | |
Long Term Debt Total | 1.0B | 1.1B | 828.0M | 694.8M | 799.0M | 798.2M | |
Capital Surpluse | 963.5M | 979.5M | 1.1B | 1.3B | 1.4B | 1.1B | |
Deferred Long Term Liab | 129.1M | 135.4M | 1.9M | 1.4M | 1.3M | 1.2M | |
Non Current Liabilities Other | 124.3M | 48.6M | 84.6M | 7.6M | 8.3M | 7.9M |
Pair Trading with Gogo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gogo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gogo will appreciate offsetting losses from the drop in the long position's value.Moving against Gogo Stock
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The ability to find closely correlated positions to Gogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gogo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gogo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gogo Inc to buy it.
The correlation of Gogo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gogo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gogo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gogo. If investors know Gogo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gogo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.43 | Revenue Per Share 3.139 | Quarterly Revenue Growth 0.026 | Return On Assets 0.0847 |
The market value of Gogo Inc is measured differently than its book value, which is the value of Gogo that is recorded on the company's balance sheet. Investors also form their own opinion of Gogo's value that differs from its market value or its book value, called intrinsic value, which is Gogo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gogo's market value can be influenced by many factors that don't directly affect Gogo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gogo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.