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Air Lease Corporation  (AL)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services

Air Lease's Tangible Leverage Ratio

AL's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Despite a net increase in borrowings by 1.43%, Air Lease managed to enhance Tangible Leverage Ratio in the forth quarter 2023 to 3.42, surpassing the average for Air Lease's Tangible Leverage Ratio.

Within Rental & Leasing industry in the forth quarter 2023, 2 other companies have achieved lower Tangible Leverage Ratio than Air Lease in the IV Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 632, from total ranking in the third quarter 2023 at 1133 .

Explain Tangible Leverage Ratio?
What is AL Market Share?
What are AL´s Total Liabilities?


AL Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change 7.73 % 6.63 % 6.41 % 5.89 % -5.17 %
Y / Y Total Liabilities Change 8.95 % 8.13 % 14.74 % 13.63 % 12.46 %
Tangible Leverage Ratio MRQ 3.42 3.46 3.55 3.45 3.38
AL's Total Ranking # 632 # 1133 # 3035 # 759 # 2262
Seq. Tangible Equity Change 2.86 % 1.58 % 1.6 % 1.48 % 1.81 %
Seq. Total Liabilities Change 1.43 % -0.91 % 4.43 % 3.8 % 0.66 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Rental & Leasing Industry # 3
Services Sector # 72
Overall Market # 632


Tangible Leverage Ratio Statistics
High Average Low
3.55 2.9 1.37
(Jun 30 2023)   (Dec 31 2011)




Financial Statements
Air Lease's Tangible Equity $ 7,160 Millions Visit AL's Balance sheet
Air Lease's Total Liabilities $ 24,456 Millions Visit AL's Balance sheet
Source of AL's Sales Visit AL's Sales by Geography


Cumulative Air Lease's Tangible Leverage Ratio

AL's Tangible Leverage Ratio for the trailling 12 Months

AL Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth 7.73 % 6.63 % 6.41 % 5.89 % -5.17 %
Y / Y Total Liabilities TTM Growth 8.95 % 8.13 % 14.74 % 13.63 % 12.46 %
Tangible Leverage Ratio TTM 3.47 3.46 3.45 3.39 3.33
Total Ranking TTM # 116 # 28 # 3151 # 326 # 15
Seq. Tangible Equity TTM Growth 2.86 % 1.58 % 1.6 % 1.48 % 1.81 %
Seq. Total Liabilities TTM Growth 1.43 % -0.91 % 4.43 % 3.8 % 0.66 %


On the trailing twelve months basis Due to the net new borrowings of 1.43% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeTangible Leverage Ratio improved to 3.47, above the Air Lease's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Rental & Leasing industry AL recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has deteriorated during the twelve months ending in the IV Quarter 2023, compared to the prior period, from 28 to 116.

Explain Tangible Leverage Ratio?
What is AL Market Share?
What are AL´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Rental & Leasing Industry # 0
Services Sector # 14
Within the Market # 116


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
2.85 2.57 2.4
(Mar 31 2023)   (Jun 30 2019)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Rental & Leasing Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Ryder System Inc   7.33 $ 12,709.000  Millions$ 1,733.000  Millions
Prog Holdings Inc   5.16 $ 1,051.183  Millions$ 203.606  Millions
Aercap Holdings n v   3.44 $ 56,478.787  Millions$ 16,425.879  Millions
Air Lease Corporation  3.42 $ 24,456.354  Millions$ 7,160.038  Millions
Triton International Limited  3.12 $ 8,414.585  Millions$ 2,698.370  Millions
Aircastle Limited  2.55 $ 5,403.178  Millions$ 2,114.891  Millions
Nuscale Power Corporation  0.82 $ 99.078  Millions$ 120.201  Millions

Date modified: 2024-02-16T09:40:51+00:00



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