Air Lease Corporation

Air Lease Corporationverified

AL

Price:

$49.47

Market Cap:

$5.51B

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2021, it owned a fleet of 382 aircraft, including 278 narrowbody aircraft and 104 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.[Read more]

Industry

Rental & Leasing Services

IPO Date

2011-04-19

Stock Exchange

NYSE

Ticker

AL

The Current Ratio as of July 2024 (TTM) for Air Lease Corporation (AL) is 0.43

According to Air Lease Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.43. This represents a change of 15.13% compared to the average of 0.37 of the last 4 quarters.

Air Lease Corporation (AL) Historical Current Ratio (quarterly & annually)

How has AL Current Ratio performed in the past?

The mean historical Current Ratio of Air Lease Corporation over the last ten years is 0.99. The current 0.43 Current Ratio has changed 4.23% with respect to the historical average. Over the past ten years (40 quarters), AL's Current Ratio was at its highest in in the September 2021 quarter at 2.78. The Current Ratio was at its lowest in in the September 2023 quarter at 0.33.

Quarterly (TTM)
Annual

Average

0.99

Median

0.78

Minimum

0.36

Maximum

2.77

Air Lease Corporation (AL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Air Lease Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 440.25%

Maximum Annual Current Ratio = 2.77

Minimum Annual Increase = -61.55%

Minimum Annual Current Ratio = 0.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.36-61.55%
20220.92-37.45%
20211.48-46.62%
20202.77440.25%
20190.51-20.47%
20180.64-13.53%
20170.74-8.80%
20160.8244.94%
20150.56-48.22%
20141.09-41.34%

Air Lease Corporation (AL) Average Current Ratio

How has AL Current Ratio performed in the past?

The current Current Ratio of Air Lease Corporation (AL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.92

5-year avg

1.21

10-year avg

0.99

Air Lease Corporation (AL) Current Ratio vs. Peers

How is AL’s Current Ratio compared to its peers?

Air Lease Corporation’s Current Ratio is less than The Aaron's Company, Inc. (1.95), less than Alta Equipment Group Inc. (1.30), less than McGrath RentCorp (1.40), less than Herc Holdings Inc. (1.23), less than Triton International Limited (1.12), less than H&E Equipment Services, Inc. (2.05), less than GATX Corporation (3.02), less than PROG Holdings, Inc. (6.62), less than Custom Truck One Source, Inc. (1.34), greater than Textainer Group Holdings Limited (-0.00), less than Ryder System, Inc. (0.74), less than Triton International Limited (1.12),

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