The company's financial position appears increasingly vulnerable, as evidenced by a current ratio that has deteriorated to 0.79 in 2026Q1, signaling tightening liquidity.
| Total Current Assets | 139.59M | 130.85M | 202.82M | 266.14M | 397.9M | 358.03M | 353.76M | 341.9M |
| Cash & Short-Term Investments | 77.3M | 70.57M | 117.15M | 173.88M | 236.1M | 217.43M | 230.88M | 184.97M |
| Cash Only | 77.3M | 70.57M | 117.15M | 173.88M | 236.1M | 217.43M | 119.04M | 183.72M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 111.84M | 1.25M |
| Accounts Receivable | 19.22M | 18.69M | 16.98M | 17.14M | 16.14M | 16.63M | 13.47M | 23.05M |
| Days Sales Outstanding | 25.54 | 24.23 | 19.95 | 17.88 | 15.39 | 16.58 | 13.51 | 19.15 |
| Inventory | 28.21M | 28.88M | 44.97M | 53.11M | 114.7M | 73.14M | 94.46M | 92.92M |
| Days Inventory Outstanding | 50.99 | 40.8 | 54.23 | 64.85 | 128.77 | 87.55 | 121.11 | 98.01 |
| Other Current Assets | 14.86M | 12.71M | 23.73M | 22.01M | 30.96M | 46.27M | 12.38M | 22.89M |
| Total Non-Current Assets | 450.25M | 469.1M | 497.6M | 568.09M | 475.52M | 486.37M | 436.82M | 333.4M |
| Property, Plant & Equipment | 426.84M | 445.39M | 473.56M | 532.29M | 464.06M | 479.66M | 429.85M | 325.11M |
| Fixed Asset Turnover | 0.60x | 0.63x | 0.66x | 0.66x | 0.82x | 0.76x | 0.85x | 1.35x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1.36M | 1.72M | 1.1M |
| Long-Term Investments | 65.23M | 16.38M | 16.12M | 17.74M | 0 | 1.01M | 1.18M | 341K |
| Other Non-Current Assets | 7.38M | 7.34M | 7.93M | 18.06M | 11.46M | 595K | 704K | 4.03M |
| Total Assets | 589.84M | 599.96M | 700.43M | 834.23M | 873.42M | 844.4M | 790.59M | 675.3M |
| Asset Turnover | 0.42x | 0.47x | 0.44x | 0.42x | 0.44x | 0.43x | 0.46x | 0.65x |
| Asset Growth % | -48.08% | -14.34% | -16.04% | -4.49% | 3.44% | 6.81% | 17.07% | - |
| Total Current Liabilities | 175.79M | 171.94M | 225.63M | 214.05M | 248.17M | 480.54M | 205.09M | 266.08M |
| Accounts Payable | 12.81M | 13.4M | 29.27M | 38.12M | 38.05M | 53.26M | 29.87M | 65.78M |
| Days Payables Outstanding | 26.19 | 18.94 | 35.29 | 46.55 | 42.72 | 63.75 | 38.3 | 69.39 |
| Short-Term Debt | 92.13M | 83.36M | 103.02M | 75.59M | 87.98M | 238.43M | 98.39M | 86.81M |
| Deferred Revenue (Current) | 38.55M | 9.77M | 11.87M | 11.61M | 12.96M | 18.75M | 13.54M | 27.23M |
| Other Current Liabilities | 70.84M | 55.38M | 71.94M | 77.44M | 98.27M | 134.14M | 43.56M | 65.49M |
| Current Ratio | 0.79x | 0.76x | 0.90x | 1.24x | 1.60x | 0.75x | 1.72x | 1.28x |
| Quick Ratio | 0.63x | 0.59x | 0.70x | 1.00x | 1.14x | 0.59x | 1.26x | 0.94x |
| Cash Conversion Cycle | 50.34 | 46.1 | 38.88 | 36.18 | 101.44 | 40.38 | 96.32 | 47.78 |
| Total Non-Current Liabilities | 297.51M | 321.39M | 298.26M | 371.49M | 326.28M | 240.14M | 402.46M | 191.3M |
| Long-Term Debt | 0 | 277.6M | 253.75M | 334.58M | 293.19M | 195.88M | 250.22M | 148.49M |
| Capital Lease Obligations | 64.58M | 17.28M | 26.97M | 18.84M | 11.4M | 15.59M | 19.47M | 20.89M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 282.69M | 24.27M | 12.84M | 18.07M | 21.69M | 28.67M | 132.77M | 21.92M |
| Total Liabilities | 473.3M | 493.33M | 523.89M | 585.54M | 574.45M | 720.69M | 607.55M | 457.38M |
| Total Debt | 106.95M | 388.26M | 393.18M | 440.31M | 402.65M | 461.06M | 378.96M | 265.77M |
| Net Debt | 29.65M | 317.69M | 276.03M | 266.42M | 166.55M | 243.63M | 259.92M | 82.05M |
| Debt / Equity | 0.92x | 3.59x | 2.23x | 1.77x | 1.35x | 3.73x | 2.07x | 1.22x |
| Debt / EBITDA | 2.37x | 11.26x | - | 44.01x | - | 12.29x | 9.01x | 5.77x |
| Net Debt / EBITDA | 0.66x | 9.21x | - | 26.63x | - | 6.50x | 6.18x | 1.78x |
| Interest Coverage | -3.71x | -4.46x | -7.68x | -5.38x | -6.88x | -5.08x | -4.16x | -0.34x |
| Total Equity | 116.54M | 108.24M | 176.54M | 248.69M | 298.97M | 123.71M | 183.03M | 217.92M |
| Equity Growth % | -155.55% | -38.69% | -29.01% | -16.82% | 141.67% | -32.41% | -16.01% | - |
| Book Value per Share | 7.33 | 0.37 | 13.32 | 21.18 | 26.93 | 19.62 | 20.39 | 17.85 |
| Total Shareholders' Equity | 116.54M | 108.24M | 176.54M | 248.69M | 298.97M | 123.71M | 183.03M | 217.92M |
| Common Stock | 0 | 29K | 29K | 24K | 24K | 15K | 14K | 14K |
| Retained Earnings | -636.59M | -629.54M | -548.73M | -425.98M | -349.94M | -116.61M | -49.25M | -302.63M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -625K | -9.22M | 4.73M | 5.42M | 21.6M | 18.59M | 4.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital intensity and liquidity
According to the latest quarterly data, Gogoro's equity has contracted significantly to $116.5M in 2026Q1 from $248.7M in 2023Q4, reflecting a persistent trend of value destruction as accumulated losses continue to weigh heavily on the company's overall financial position and long-term stability.
The consistent decline in retained earnings, which reached -$636.6M in 2026Q1, suggests that the business model has yet to achieve the scale necessary to offset its substantial operating costs. Investors should monitor whether this trajectory of equity erosion necessitates future dilutive financing to maintain operations.
As reported in financial statements, Gogoro's debt-to-equity ratio has fluctuated significantly, reaching 0.92 in 2026Q1, which, while lower than the 3.59 peak in 2025Q4, highlights a reliance on external debt to fund the ongoing expansion of its capital-intensive battery-swapping infrastructure network.
The volatility in debt levels suggests that management is actively managing liquidity through debt cycles, which may increase interest expense burdens in a high-rate environment. This reliance on debt to support infrastructure deployment warrants further investigation into the durability of cash flows generated by the existing network.
Based on the provided balance sheet figures, Gogoro's current ratio has deteriorated to 0.79 in 2026Q1, down from 1.24 in 2023Q4, indicating a narrowing buffer against short-term obligations and raising concerns regarding the company's ability to meet immediate liabilities without further capital injections.
The decline in cash reserves to $77.3M, coupled with a current ratio below parity, suggests that the company's liquidity position is increasingly strained. This trend may limit management's flexibility to invest in new growth initiatives or respond to unforeseen operational shocks in the competitive EV market.
As evidenced by the 2026Q1 balance sheet, net property, plant, and equipment (PPE) of $426.8M constitutes the vast majority of total assets, underscoring the company's asset-heavy business model and the significant capital commitment required to maintain its proprietary battery-swapping network across Taiwan.
The high concentration of assets in physical infrastructure implies that the company's value is intrinsically tied to the utilization and longevity of these battery stations. Investors should consider the risk of technological obsolescence, as any shift in battery standards could render these significant asset investments less valuable.
Financial disclosures indicate that Gogoro carries no goodwill on its balance sheet, yet the heavy reliance on PPE suggests that the company's valuation is highly sensitive to depreciation assumptions, which may mask the true economic cost of maintaining its aging battery-swapping infrastructure over time.
The absence of goodwill simplifies the balance sheet but shifts the focus to the depreciation schedule of the battery fleet, which is a critical driver of reported earnings. If the useful life of these assets is overestimated, the company may face significant future impairment risks that are not currently reflected in the headline numbers.
Quick answers to the most common questions about buying GGR stock.
As of 2025, Gogoro Inc. (GGR) had total assets of $600.0M including $130.9M in current assets.
Gogoro Inc. (GGR) carries total debt of $388.3M, offset by $70.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Gogoro Inc. (GGR) has total shareholders' equity (book value) of $108.2M ($0.37 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Gogoro Inc. (GGR) reported a current ratio of 0.76x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.