Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2023, Quick Ratio deteriorated to 0.04 below Gol Intelligent Airlines Inc 's average Quick Ratio.

Within Airline industry 16 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 3625 to 5209.

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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	-6.2 %	-6.2 %	-6.2 %	-6.2 %	18.04 %
Y / Y Cash & cash equivalent Change	34.29 %	34.29 %	34.29 %	34.29 %	-45.04 %
Quick Ratio MRQ	0.04	0.04	0.04	0.04	0.03
GOL's Total Ranking	# 5209	# 3625	# 4366	# 3467	# 3730
Seq. Current Liabilities Change	0 %	0 %	0 %	-6.2 %	0 %
Seq. Cash & cash equivalent Change	0 %	0 %	0 %	34.29 %	0 %

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Airline Industry	# 17
Transportation Sector	# 111
Overall Market	# 5209

Quick Ratio Statistics
High	Average	Low
0.19	0.1	0.03
0

Financial Statements
Gol Intelligent Airlines Inc 's Current Liabilities	$ 2,470 Millions	Visit GOL's Balance sheet
Gol Intelligent Airlines Inc 's Cash & cash equivalent	$ 93 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	-6.2 %	-0.86 %	4.92 %	11.2 %	18.04 %
Y / Y Cash & cash equivalent TTM Growth	34.29 %	4.34 %	-16.9 %	-32.75 %	-45.04 %
Quick Ratio TTM	0.04	0.03	0.03	0.03	0.03
Total Ranking TTM	# 4066	# 3406	# 4074	# 3190	# 3444
Seq. Current Liabilities TTM Growth	-1.63 %	-1.6 %	-1.57 %	-1.55 %	3.97 %
Seq. Cash & cash equivalent TTM Growth	6.82 %	7.32 %	7.89 %	8.57 %	-17 %

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 grew by 34.29 % in Q4 2023 year on year, while Current Liabilities remained unchanged to $2,470 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.

Explain Quick Ratio?
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
Gol Intelligent Airlines Inc	0.04	$ 92.926 Millions	$ 2,470.303 Millions
Controladora Vuela Compania De Aviacion S a b De C v	0.03	$ 51.264 Millions	$ 1,621.583 Millions

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

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