Air Industries Group (AIRI)

Air Industries Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	0.29	0.75	0.35	0.28	0.63	2.51
Cash & Short-Term Investments	0.29	0.75	0.35	0.28	0.63	2.51
Cash Growth	26.67%	117.63%	23.13%	-55.18%	-74.97%	93.59%
Accounts Receivable	6.78	8.9	7.89	9.48	10.47	8.8
Other Receivables	-	0.3	0.3	0.3	-	-
Receivables	6.78	9.2	8.19	9.78	10.47	8.8
Inventory	28.94	28.81	29.85	31.82	29.53	32.12
Prepaid Expenses	0.42	0.43	0.33	0.34	0.25	0.19
Total Current Assets	36.43	39.19	38.72	42.22	40.88	43.61
Property, Plant & Equipment	11.52	11.11	10.88	11.07	11.42	13.09
Goodwill	-	-	-	-	0.16	0.16
Long-Term Deferred Charges	0.44	0.71	1.11	0.53	0.96	0.91
Total Assets	48.39	51.01	50.72	53.81	53.43	57.78
Accounts Payable	6.46	5.58	5.46	6.44	5.46	7.24
Accrued Expenses	-	1.44	0.63	1.1	1.26	1.44
Current Portion of Long-Term Debt	18.1	18.36	16.04	14.48	14.11	16.48
Current Portion of Leases	0.87	0.88	0.88	0.78	0.69	0.7
Current Unearned Revenue	0.62	1.15	3.6	0.82	1.51	0.96
Other Current Liabilities	-	-	-	-	0.37	0.51
Total Current Liabilities	26.05	27.41	26.6	23.62	23.4	27.33
Long-Term Debt	5.6	6.91	6.39	10.46	8.99	10.79
Long-Term Leases	1.43	1.71	2.47	2.79	3.5	3.93
Long-Term Unearned Revenue	0.02	0.03	0.07	0.11	0.14	0.18
Other Long-Term Liabilities	-	-	-	-	-	0.44
Total Liabilities	33.1	36.06	35.53	36.98	36.04	42.67
Common Stock	0	0	0	0	0	0.03
Additional Paid-In Capital	85.38	84.05	82.93	82.45	81.92	81.24
Retained Earnings	-70.1	-69.11	-67.74	-65.61	-64.53	-66.16
Total Common Equity	15.29	14.95	15.19	16.84	17.39	15.11
Shareholders' Equity	15.29	14.95	15.19	16.84	17.39	15.11
Total Liabilities & Equity	48.39	51.01	50.72	53.81	53.43	57.78
Total Debt	26	27.87	25.77	28.51	27.29	31.9
Net Cash (Debt)	-25.71	-27.11	-25.43	-28.23	-26.66	-29.4
Net Cash Per Share	-7.52	-8.13	-7.76	-8.75	-8.32	-9.56
Filing Date Shares Outstanding	3.76	3.69	3.32	3.26	3.22	3.2
Total Common Shares Outstanding	3.69	3.47	3.3	3.25	3.21	3.19
Working Capital	10.38	11.78	12.12	18.6	17.48	16.28
Book Value Per Share	4.14	4.30	4.60	5.18	5.41	4.74
Tangible Book Value	15.29	14.95	15.19	16.84	17.23	14.95
Tangible Book Value Per Share	4.14	4.30	4.60	5.18	5.36	4.68
Land	0.3	0.3	0.3	0.3	0.3	0.3
Buildings	2.74	2.74	2.21	1.79	1.72	1.68
Machinery	43.23	42.01	40.04	38.47	35.95	34.73
Leasehold Improvements	1.14	1.14	1.03	0.94	0.88	0.86
Order Backlog	-	117.9	98.3	85.7	75	81.1

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q