Air Lease Corporation (AL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 30,452,300 | 28,396,700 | 26,968,700 | 25,215,200 | 21,709,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $30,452,300K
= 0.00
Based on the information provided in the table, the debt-to-assets ratio of Air Lease Corporation has consistently been 0.00 for the past five years (from 2019 to 2023). A debt-to-assets ratio of 0.00 indicates that the company has not relied on debt financing to acquire its assets during this period. This suggests that the company has a strong financial position with minimal debt obligations compared to its total assets.
A debt-to-assets ratio of 0.00 could signify that the company has been primarily using equity financing or internal funds to fund its operations and investments. This could be seen as a positive indicator of financial stability and lower risk, as the company is not heavily leveraged.
However, it is essential to note that while a low debt-to-assets ratio is generally favorable, it could also indicate limited access to debt capital for potential growth opportunities or that the company may not be optimizing its capital structure for potential tax advantages. It would be important to conduct further analysis and consider other financial metrics in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of Air Lease Corporation's overall financial health and capital structure.
Peer comparison
Dec 31, 2023