Air Lease Corporation (AL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 476,104 | 464,492 | 780,017 | 1,108,290 | 1,757,770 |
| Total current liabilities | US$ in thousands | 1,409,550 | 4,372,670 | 844,553 | 750,573 | 635,388 |
| Current ratio | 0.34 | 0.11 | 0.92 | 1.48 | 2.77 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $476,104K ÷ $1,409,550K
= 0.34
The current ratio of Air Lease Corporation has been showing a declining trend over the years, starting at a healthy level of 2.77 as of December 31, 2020, and subsequently decreasing to 1.48 by December 31, 2021, further dropping to 0.92 by December 31, 2022, and falling significantly to 0.11 by December 31, 2023. This sharp reduction indicates potential liquidity challenges or difficulties in meeting short-term obligations with current assets alone. Although there was a slight improvement to 0.34 by December 31, 2024, the company may still need to carefully manage its liquidity position to ensure the timely payment of its current liabilities.
Peer comparison
Dec 31, 2024