AerCap

Financial position is strong: adjusted debt-to-equity is about 2.1x, investment-grade ratings are affirmed by all three agencies, and sources-to-uses coverage for the next 12 months is ~2.0x with total sources near 21 billion as of March 31, 2026. Average cost of debt is roughly 4.1 percent and the unsecured maturity ladder is well-staggered.

Liquidity includes 11 billion of undrawn credit lines and 1.5 billion in cash at Q1 2026. Key risks are macro shocks, airline defaults, and residual value swings, but the current cushion is solid.