Air Lease Corporation (AL)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 464,492 | 515,734 | 580,435 | 701,537 | 780,017 | 1,116,970 | 1,033,850 | 1,512,060 | 1,108,290 | 1,893,670 | 1,232,760 | 1,352,190 | 1,757,770 | 1,262,140 | 941,990 | 753,381 | 338,061 | 336,423 | 288,102 | 298,242 |
| Total current liabilities | US$ in thousands | 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 | 660,189 | 555,079 | 577,678 | 483,483 |
| Current ratio | 0.36 | 0.33 | 0.37 | 0.84 | 0.92 | 1.48 | 1.33 | 2.22 | 1.48 | 2.78 | 1.84 | 2.32 | 2.77 | 2.33 | 1.50 | 1.20 | 0.51 | 0.61 | 0.50 | 0.62 |
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 shown significant fluctuations over the past few quarters. The ratio has ranged from a low of 0.33 to a high of 2.78, indicating fluctuations in the company's ability to cover its short-term obligations with its current assets.
The current ratio was particularly low in the most recent quarter, standing at 0.36, indicating that the company may be facing challenges in meeting its short-term obligations with its current assets. This could raise concerns about the company's liquidity position and ability to manage its short-term financial commitments effectively.
On the other hand, the current ratio has been higher in some previous quarters, such as in March 2022 and March 2021, where it surpassed 2.00. This suggests that the company had a stronger ability to cover its short-term liabilities with its current assets during these periods.
Overall, the trend in Air Lease Corporation's current ratio indicates variability in its liquidity position over the analyzed periods. Investors and stakeholders may need to closely monitor the company's liquidity management and financial performance to assess its ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023