Aircastle (Aircastle) Cash, Cash Equivalents, Marketable Securities

: $140.9 Mil (As of Dec. 2019)

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Aircastle's quarterly cash, cash equivalents, marketable securities declined from Jun. 2019 ($500.37 Mil) to Sep. 2019 ($254.44 Mil) but then stayed the same from Sep. 2019 ($254.44 Mil) to Dec. 2019 ($140.88 Mil).

Aircastle's annual cash, cash equivalents, marketable securities declined from Dec. 2017 ($211.92 Mil) to Dec. 2018 ($152.72 Mil) and declined from Dec. 2018 ($152.72 Mil) to Dec. 2019 ($140.88 Mil).

Aircastle Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Aircastle's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aircastle Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash, Cash Equivalents, Marketable Securities

155.90

455.58

211.92

152.72

140.88

Aircastle Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Cash, Cash Equivalents, Marketable Securities																152.72	92.63	500.37	254.44	140.88

Aircastle Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Aircastle (NYSE:AYR) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Aircastle Cash, Cash Equivalents, Marketable Securities Related Terms

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Aircastle (Aircastle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aircastle Ltd (NYSE:AYR) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Aircastle Advisor LLC, 201 Tresser Boulevard, Suite 400, Stamford, CT, USA, 06901

Website

http://www.aircastle.com

Aircastle Ltd is engaged in acquiring, leasing, and selling of commercial jet aircraft to airlines. The company has only single operating segment which is leasing, financing, selling, and managing commercial flight equipment.

Executives

Michael J Cave	director	C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Douglas A Hacker	director	P O BOX 66100-WHQLD, CHICAGO IL 60666
Ronald W Allen	director	P O BOX 1734, ATLANTA GA 30301
Ronald Merriman	director	6175 NANCY RIDGE, SAN DIEGO CA 92121
Charles W. Pollard	director	50 CRESCENT AVENUE, SECOND CLIFF, SCITUATE MA 02066
Ontario Teachers Pension Plan Board	10 percent owner	5650 YONGE STREET, TORONTO A6 M2M 4H5
Peter V Ueberroth	director	CONTRARIAN GROUP INC, 1071 CAMELBACK ST, NEWPORT BEACH CA 92660
Wesley R Edens	director	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fig Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 46 FLOOR, NEW YORK NY 10105
Fortress Investment Group Llc	10 percent owner	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Fortress Operating Entity I Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fig Corp.	10 percent owner	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Adams Joseph P. Jr.	director	C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark S Zeidman	officer: Chief Financial Officer	1661 WORTHINGTON ROAD, SUITE 100, W PALM BEACH FL 33409
Fortress Investment Holdings Llc	10 percent owner	1251 AVENUE OF THE AMERICAS, 16TH FLOOR, NEW YORK NY 10020