RIO DE JANEIRO, BRAZIL - Gol informed that its total liquidity at the end of June was R$1.7 billion (US$320 million), composed of R$1 billion in cash and R$700 million in receivables. The airline released on Monday (12) an update of its estimates for the result of the second half of 2021, scheduled for release July 29.
The financial leverage, measured by the ratio of net debt to EBITDA (earnings before interest, taxes, depreciation, and amortization) was approximately 11 times. Gol says it amortized about R$800 million in debt, in addition to R$744 million . . .
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