Air Lease Corporation (AL)

Debt-to-capital ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 7,160,040 6,961,050 6,852,650 6,744,590 6,646,360 6,528,430 6,439,630 6,369,580 7,008,570 6,583,780 6,501,720 6,428,210 6,072,340 5,977,320 5,869,800 5,736,370 5,623,540 5,462,170 5,299,880 5,173,820
Debt-to-capital ratio 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

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,160,040K)
= 0.00

The debt-to-capital ratio of Air Lease Corporation has consistently been reported as 0.00 across all the periods provided in the table. This indicates that the company has not relied on debt financing to fund its operations and growth but has instead primarily used equity capital. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is conservative and may be perceived positively by investors and creditors due to lower financial risk associated with minimal debt obligations. However, it's important to note that a low debt-to-capital ratio might also imply that the company is not taking advantage of leverage to potentially amplify returns. Overall, Air Lease Corporation's stable and low debt-to-capital ratio reflects its cautious approach to capital structure management.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Air Lease Corporation
AL
0.00
Archrock Inc
AROC
0.65
United Rentals Inc
URI
0.00
Upbound Group Inc.
UPBD
0.00