Air Lease Corporation (AL)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 472,554 | 460,785 | 454,123 | 554,373 | 460,870 | 512,084 | 576,730 | 690,408 | 766,418 | 1,101,840 | 1,012,780 | 1,490,760 | 1,086,500 | 1,873,840 | 1,210,050 | 1,328,000 | 1,734,160 | 1,238,570 | 926,435 | 732,719 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,409,550 | 1,201,340 | 2,613,480 | 1,298,310 | 1,308,000 | 1,542,370 | 1,568,920 | 834,684 | 844,553 | 754,250 | 775,653 | 679,922 | 750,573 | 681,247 | 668,554 | 583,778 | 635,388 | 541,671 | 629,660 | 626,030 |
| Cash ratio | 0.34 | 0.38 | 0.17 | 0.43 | 0.35 | 0.33 | 0.37 | 0.83 | 0.91 | 1.46 | 1.31 | 2.19 | 1.45 | 2.75 | 1.81 | 2.27 | 2.73 | 2.29 | 1.47 | 1.17 |
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 displayed varying trends over the years, indicating fluctuations in the company's ability to cover its short-term liabilities with its cash and cash equivalents. The ratio increased from 1.17 in March 2020 to a peak of 2.75 in September 2021, reflecting a strengthened liquidity position. However, the ratio declined thereafter, reaching 0.34 by December 2024. This downward trend suggests a potential decrease in the company's ability to meet its short-term obligations solely through available cash resources. The declining cash ratio may indicate a need for closer monitoring of the company's liquidity management to ensure sufficient cash reserves for operational needs and financial stability.
Peer comparison
Dec 31, 2024