Air Lease Corporation (AL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 472,554 | 460,870 | 766,418 | 1,086,500 | 1,734,160 |
| Short-term investments | US$ in thousands | — | -8,800 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,409,550 | 4,372,670 | 844,553 | 750,573 | 635,388 |
| Quick ratio | 0.34 | 0.10 | 0.91 | 1.45 | 2.73 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($472,554K
+ $—K
+ $—K)
÷ $1,409,550K
= 0.34
The quick ratio of Air Lease Corporation has shown a declining trend over the years, decreasing from 2.73 as of December 31, 2020, to 0.34 as of December 31, 2024. This indicates a potential deterioration in the company's liquidity position, as the ratio has fallen below the benchmark of 1. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its most liquid assets. Air Lease Corporation may need to closely monitor its liquidity position and implement appropriate measures to improve its current financial health.
Peer comparison
Dec 31, 2024