Air Lease Corporation (AL)
Quick ratio
| 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 | US$ in thousands | 472,554 | 460,785 | 454,123 | 554,373 | 460,870 | 512,084 | 576,730 | 690,408 | 766,418 | 1,101,840 | 1,012,780 | 1,490,760 | 1,086,500 | 1,873,840 | 1,210,050 | 1,328,000 | 1,734,160 | 1,238,570 | 926,435 | 732,719 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,409,550 | 1,201,340 | 2,613,480 | 1,298,310 | 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 |
| 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 |
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 fluctuations over the given period. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term obligations.
From March 31, 2020, to June 30, 2021, the quick ratio increased steadily, reaching its peak at 2.75 on September 30, 2021. This trend indicates an improving ability to meet short-term obligations with liquid assets. However, from December 31, 2021, to June 30, 2022, the quick ratio fluctuated, and on December 31, 2022, it decreased significantly to 0.91, falling below 1.
Subsequently, the quick ratio continued to decline, hitting its lowest point at June 30, 2024, with a quick ratio of 0.17. This may signal a potential concern regarding the company's ability to cover short-term liabilities with existing liquid assets. It would be advisable for stakeholders to monitor the company's liquidity position closely to ensure it remains solvent and can meet its obligations in the short term.
Peer comparison
Dec 31, 2024