Air Lease Corporation (AL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 464,492 | 780,017 | 1,108,290 | 1,757,770 | 338,061 |
| Total current liabilities | US$ in thousands | 1,308,000 | 844,553 | 750,573 | 635,388 | 660,189 |
| Current ratio | 0.36 | 0.92 | 1.48 | 2.77 | 0.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $464,492K ÷ $1,308,000K
= 0.36
The current ratio of Air Lease Corporation has exhibited a declining trend over the past five years. In 2023, the current ratio stands at 0.36, a significant decrease compared to the prior year's ratio of 0.92. This indicates that the company may be facing challenges in meeting its short-term obligations with its current assets.
Furthermore, the current ratio in 2023 is substantially lower than the ratios reported in 2021 and 2020, which were 1.48 and 2.77, respectively, suggesting a significant deterioration in the company's liquidity position.
Compared to the ratio of 0.51 in 2019, the current ratio in 2023 has improved slightly; however, it still remains at a relatively low level, signaling potential liquidity issues that may impact the company's ability to cover its short-term liabilities.
Overall, the declining trend in the current ratio of Air Lease Corporation raises concerns about its short-term financial health and its ability to meet its current obligations.
Peer comparison
Dec 31, 2023