Air Lease Corporation (AL)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	472,554	460,870	766,418	1,086,500	1,734,160
Short-term investments	US$ in thousands	—	-8,800	—	—	—
Total current liabilities	US$ in thousands	1,409,550	4,372,670	844,553	750,573	635,388
Cash ratio		0.34	0.10	0.91	1.45	2.73

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($472,554K + $—K) ÷ $1,409,550K
= 0.34

The cash ratio of Air Lease Corporation has shown a significant decrease over the years from 2.73 in December 31, 2020, to 0.34 in December 31, 2024. This indicates a decreasing ability of the company to cover its short-term liabilities with its available cash and cash equivalents. The trend suggests potential liquidity challenges for the company. It is important for stakeholders to closely monitor the cash position of the company and assess its ability to meet its upcoming financial obligations.

Peer comparison

Dec 31, 2024

Company name

Symbol

Cash ratio

Air Lease Corporation

0.34