Air Lease Corporation (AL)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.34 | 0.39 | 0.17 | 0.43 | 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 |
| Quick 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 |
| 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 |
Air Lease Corporation's liquidity ratios show fluctuations over the reporting periods. The current ratio, which measures the company's ability to cover short-term obligations with its current assets, ranged from a low of 0.17 on June 30, 2024, to a high of 2.78 on September 30, 2021. This indicates varying levels of liquidity over time.
Similarly, the quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, displayed a similar pattern. It ranged from a low of 0.17 on June 30, 2024, to a high of 2.75 on September 30, 2021. The company's ability to meet short-term liabilities without relying on the sale of inventory fluctuated throughout the periods.
Lastly, the cash ratio, which is the most conservative liquidity metric as it only considers the most liquid assets (cash and cash equivalents), also showed fluctuations. It ranged from a low of 0.17 on June 30, 2024, to a high of 2.75 on September 30, 2021. This indicates that Air Lease Corporation's cash position relative to its current liabilities varied significantly.
Overall, the liquidity ratios for Air Lease Corporation demonstrate changes in the company's ability to meet its short-term obligations using different levels of current assets, highlighting the importance of closely monitoring liquidity levels for effective financial management.
Additional liquidity measure
| 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 conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The cash conversion cycle of Air Lease Corporation has consistently been 0.00 days for the periods from March 31, 2020, to December 31, 2024. This indicates that the company is efficiently managing its cash flow processes, from the purchase of inventory or services to the receipt of cash from sales. A lower or zero cash conversion cycle implies that the company is able to quickly convert its investments in inventory or services into sales and then into cash without experiencing delays or setbacks. This efficiency in cash conversion cycle reflects positively on Air Lease Corporation's liquidity and operational effectiveness.