Air Lease Corporation (AL)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,160,040 | 6,646,360 | 7,008,570 | 6,072,340 | 5,623,540 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,160,040K)
= 0.00
Based on the data provided, Air Lease Corporation has consistently maintained a debt-to-capital ratio of 0.00 across the years 2019 to 2023. This indicates that the company has not utilized any debt to finance its operations or investments during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is entirely equity-funded, which may be seen as a positive indicator of financial stability and strength. However, it is important to note that a low (or zero) debt-to-capital ratio may also mean that the company is foregoing the potential benefits of leverage to enhance returns. Investors and analysts should consider additional financial metrics and factors to gain a comprehensive understanding of Air Lease Corporation's financial position and performance.
Peer comparison
Dec 31, 2023