Air Industries Group (AIRI)

Air Industries Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	0.19	0.35	0.28	0.63	2.51	1.29
Cash & Short-Term Investments	0.19	0.35	0.28	0.63	2.51	1.29
Cash Growth	-74.86%	23.13%	-55.18%	-74.97%	93.59%	-35.69%
Accounts Receivable	7.26	7.89	9.48	10.47	8.8	7.86
Other Receivables	0.3	0.3	0.3	-	-	-
Receivables	7.56	8.19	9.78	10.47	8.8	7.86
Inventory	30.51	29.85	31.82	29.53	32.12	28.65
Prepaid Expenses	0.37	0.33	0.34	0.25	0.19	0.45
Total Current Assets	38.62	38.72	42.22	40.88	43.61	38.25
Property, Plant & Equipment	11.05	10.88	11.07	11.42	13.09	11.2
Goodwill	-	-	-	0.16	0.16	0.16
Long-Term Deferred Charges	0.7	1.11	0.53	0.96	0.91	1.48
Total Assets	50.37	50.72	53.81	53.43	57.78	51.09
Accounts Payable	7.1	5.46	6.44	5.46	7.24	6.58
Accrued Expenses	-	0.63	1.1	1.26	1.44	1.53
Current Portion of Long-Term Debt	17.07	16.04	14.48	14.11	16.48	22.54
Current Portion of Leases	0.89	0.88	0.78	0.69	0.7	0.7
Current Income Taxes Payable	-	-	-	-	-	0.03
Current Unearned Revenue	1.76	3.6	0.82	1.51	0.96	1.05
Other Current Liabilities	-	-	-	0.37	0.51	0.2
Total Current Liabilities	26.81	26.6	23.62	23.4	27.33	32.62
Long-Term Debt	6.85	6.39	10.46	8.99	10.79	3.38
Long-Term Leases	1.99	2.47	2.79	3.5	3.93	4.26
Long-Term Unearned Revenue	0.04	0.07	0.11	0.14	0.18	0.22
Other Long-Term Liabilities	-	-	-	-	0.44	0.4
Total Liabilities	35.69	35.53	36.98	36.04	42.67	40.88
Common Stock	0	0	0	0	0.03	0.03
Additional Paid-In Capital	83.23	82.93	82.45	81.92	81.24	77.43
Retained Earnings	-68.55	-67.74	-65.61	-64.53	-66.16	-67.26
Total Common Equity	14.68	15.19	16.84	17.39	15.11	10.21
Shareholders' Equity	14.68	15.19	16.84	17.39	15.11	10.21
Total Liabilities & Equity	50.37	50.72	53.81	53.43	57.78	51.09
Total Debt	26.79	25.77	28.51	27.29	31.9	30.88
Net Cash (Debt)	-26.61	-25.43	-28.23	-26.66	-29.4	-29.59
Net Cash Per Share	-8.01	-7.76	-8.75	-8.32	-9.56	-10.26
Filing Date Shares Outstanding	3.36	3.32	3.26	3.22	3.2	3.05
Total Common Shares Outstanding	3.35	3.3	3.25	3.21	3.19	2.95
Working Capital	11.81	12.12	18.6	17.48	16.28	5.62
Book Value Per Share	4.38	4.60	5.18	5.41	4.74	3.46
Tangible Book Value	14.68	15.19	16.84	17.23	14.95	10.04
Tangible Book Value Per Share	4.38	4.60	5.18	5.36	4.68	3.41
Land	0.3	0.3	0.3	0.3	0.3	0.3
Buildings	2.71	2.21	1.79	1.72	1.68	1.65
Machinery	41.39	40.04	38.47	35.95	34.73	30.36
Leasehold Improvements	1.13	1.03	0.94	0.88	0.86	0.53
Order Backlog	-	98.3	85.7	75	81.1	-

Source: S&P Capital IQ. Standard template. Financial Sources.