Air Lease Corporation (AL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 4.29 | 4.19 | 4.24 | 4.27 | 4.25 | 4.26 | 4.34 | 4.35 | 4.27 | 4.32 | 4.29 | 4.22 | 3.85 | 4.10 | 3.96 | 3.92 | 4.15 | 3.95 | 3.92 | 3.95 |
Air Lease Corporation has consistently maintained a strong solvency position as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have been reported at 0.00 across the analyzed periods. This signifies that the company's total debt is negligible compared to its total assets, capital, and equity.
Furthermore, the financial leverage ratio has shown slight fluctuations over the periods, ranging from 3.85 to 4.35. This ratio indicates the extent to which the company relies on debt financing in relation to its equity. Although there is some variability, the ratio has generally remained at manageable levels, demonstrating the prudent financial management of Air Lease Corporation.
Overall, the solvency ratios suggest that Air Lease Corporation has maintained a conservative approach to debt management, with minimal financial risk and a solid financial foundation to support its operations and growth.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.67 | 1.83 | 1.92 | 1.99 | 2.06 | 1.99 | 2.01 | 2.07 | 0.75 | 0.75 | 0.74 | 0.68 | 2.05 | 1.96 | 2.02 | 2.19 | 2.36 | 2.53 | 2.64 | 2.61 |
Air Lease Corporation's interest coverage ratio has shown some fluctuations over the historical periods provided. The interest coverage ratio is a key financial metric that indicates the company's ability to cover its interest expenses from its operating income. A higher ratio signifies that the company is more capable of meeting its interest obligations.
From March 31, 2020, to June 30, 2021, Air Lease Corporation maintained a relatively stable interest coverage ratio ranging from 2.61 to 2.02, indicating a healthy ability to cover its interest payments. However, in the subsequent periods from September 30, 2021, to June 30, 2022, the interest coverage ratio declined significantly, falling to as low as 0.68, which may raise concerns about the company's ability to cover its interest costs.
The company's interest coverage ratio improved in the following periods, reaching levels above 2.00 again by March 31, 2023. This improvement suggests that Air Lease Corporation was able to enhance its ability to manage its interest expenses. However, there were some fluctuations in the ratio thereafter, with values ranging from 1.83 to 2.06 through December 31, 2024.
Overall, a sustained interest coverage ratio above 2.00 is generally considered acceptable, as it indicates that the company's earnings are at least twice the amount required to cover interest payments. Investors and creditors typically look at this ratio to assess the company's financial health and its ability to fulfill its debt obligations.