In the wake of the increase in Current Liabilities in the fourth quarter 2023, Quick Ratio fell to 0.04 below Gol Intelligent Airlines Inc average.

Within Airline industry 18 other companies have achieved higher Quick Ratio than Gol Intelligent Airlines Inc in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 5365 to 5633.

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GOL Quick Ratio	(Dec 31 2023) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	-0.08 %	Subscribe	Subscribe	Subscribe	Subscribe
Y / Y Cash & cash equivalent Change	42.11 %	Subscribe	Subscribe	Subscribe	Subscribe
Quick Ratio MRQ	0.04	Subscribe	Subscribe	Subscribe	Subscribe
GOL's Total Ranking	# 5633	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Current Liabilities Change	8.05 %	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Cash & cash equivalent Change	5.61 %	Subscribe	Subscribe	Subscribe	Subscribe

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Airline Industry	# 19
Transportation Sector	# 119
Overall Market	# 5345

Quick Ratio Statistics
High	Average	Low
0.19	0.1	0.03
0		(Dec 31 2022)

Financial Statements
Gol Intelligent Airlines Inc 's Current Liabilities	$ 2,669 Millions	Visit GOL's Balance sheet
Gol Intelligent Airlines Inc 's Cash & cash equivalent	$ 98 Millions	Visit GOL's Balance sheet
Source of GOL's Sales		Visit GOL's Sales by Geography

Cumulative Gol Intelligent Airlines Inc 's Quick Ratio

GOL's Quick Ratio for the trailling 12 Months

GOL Quick Ratio	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months	0 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	-4.65 %	Subscribe	Subscribe	Subscribe	Subscribe
Y / Y Cash & cash equivalent TTM Growth	36.24 %	Subscribe	Subscribe	Subscribe	Subscribe
Quick Ratio TTM	0.04	Subscribe	Subscribe	Subscribe	Subscribe
Total Ranking TTM	# 4066	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Current Liabilities TTM Growth	-0.02 %	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Cash & cash equivalent TTM Growth	8.36 %	Subscribe	Subscribe	Subscribe	Subscribe

Quick ratio ranking by company, industry and sector >> Back to GOL Financial Strength Comparisons >> Go to Compare GOL Quick Ratio to its Competitors

On the trailing twelve months basis GOL Cash & cash equivalent soared by 42.11 % in Q4 2023 year on year, while Current Liabilities rose to $2,669 millions, this led to increase in in Gol Intelligent Airlines Inc 's Quick Ratio to 0.04, Quick Ratio remained below GOL average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Airline industry 15 other companies have achieved higher Quick Ratio than Gol Intelligent Airlines Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 3406 to 4066.

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How much Cash & cash equivalents GOL�s has?
What are GOL�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Airline Industry	# 16
Transportation Sector	# 99
Within the Market	# 4066

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.19	0.1	0.03
(Dec 31 2019)

Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Airline Industry	Quick Ratio	Dec 31 2023 MRQ Cash & cash equivalent	Dec 31 2023 MRQ Current Liabilities
Republic Airways Holdings Inc	0.06	$ 16.068 Millions	$ 253.894 Millions
Gol Intelligent Airlines Inc	0.04	$ 98.140 Millions	$ 2,669.166 Millions

Date modified: 2026-09-18T13:11:05+00:00

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