Air T, Inc. (AIRT)

Air T Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	14.46	5.93	7.1	5.81	5.62	11
Short-Term Investments	0.49	0.42	0.53	-	0.86	1.41
Cash & Short-Term Investments	14.95	6.35	7.63	5.81	6.48	12.4
Cash Growth	91.23%	-16.73%	31.43%	-10.33%	-47.80%	62.58%
Accounts Receivable	24.63	23.92	22.91	27.22	28.82	6.51
Other Receivables	1.02	0.86	3.65	2.26	3.23	4.39
Receivables	25.65	24.78	26.57	29.48	32.05	10.89
Inventory	39.89	38.52	60.72	71.13	75.17	71.97
Prepaid Expenses	3.81	3.1	2.35	2.5	-	-
Restricted Cash	0.51	0.58	0.74	1.28	2.75	4.93
Other Current Assets	8.13	5.18	4.87	6.36	11.8	5.58
Total Current Assets	92.93	78.51	102.88	116.56	128.24	105.77
Property, Plant & Equipment	47.09	48.22	32.49	33.19	43.08	18.41
Long-Term Investments	19.9	19	16.65	13.23	9.86	4.48
Goodwill	11.9	10.54	10.54	10.56	10.13	4.23
Other Intangible Assets	10.44	10.02	10.98	12.1	13.26	1.6
Other Long-Term Assets	1.93	1.64	3.63	3.92	3.03	6.27
Total Assets	190.04	173.78	177.17	189.56	207.6	140.75
Accounts Payable	17.93	17.78	15.07	10.45	9.4	8.34
Accrued Expenses	20.62	12.49	11.29	8.13	10.44	11.54
Current Portion of Long-Term Debt	7.51	10.38	14.36	38.74	6.48	5.64
Current Portion of Leases	2.56	2.38	1.76	1.66	1.44	1.37
Current Income Taxes Payable	-	-	-	0.3	0.19	0.04
Current Unearned Revenue	-	3.69	2.96	2.44	-	-
Other Current Liabilities	0.43	0.94	1.4	2.56	2.95	1.25
Total Current Liabilities	49.05	47.66	46.84	64.29	30.91	28.18
Long-Term Debt	120.56	104.51	98.57	86.35	129.33	82.45
Long-Term Leases	11.29	11.84	10.52	10.77	6.73	7.08
Long-Term Deferred Tax Liabilities	2.25	2.25	2.45	2.42	2.81	0.6
Other Long-Term Liabilities	1.59	1.98	-	0.05	1.34	1.14
Total Liabilities	184.75	168.24	158.37	163.87	171.12	119.44
Common Stock	0.76	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	0.99	0.95	0.86	0.73	0.39	-
Retained Earnings	0.49	2.13	8.19	13.69	26.73	16.27
Treasury Stock	-6.4	-6.4	-4.96	-4.08	-3	-2.62
Comprehensive Income & Other	-0.47	-0.65	-0.08	0.82	-0.26	-0.68
Total Common Equity	-4.63	-3.22	4.77	11.9	24.61	13.73
Minority Interest	9.92	8.75	14.03	13.79	11.87	7.59
Shareholders' Equity	5.29	5.54	18.8	25.69	36.48	21.31
Total Liabilities & Equity	190.04	173.78	177.17	189.56	207.6	140.75
Total Debt	141.92	129.12	125.2	137.52	143.99	96.53
Net Cash (Debt)	-126.97	-122.76	-117.57	-131.71	-137.51	-84.13
Net Cash Per Share	-46.64	-44.64	-41.75	-46.26	-47.61	-29.19
Filing Date Shares Outstanding	2.7	2.7	2.76	2.82	2.87	2.88
Total Common Shares Outstanding	2.7	2.7	2.78	2.82	2.87	2.88
Working Capital	43.88	30.85	56.04	52.27	97.34	77.6
Book Value Per Share	-1.71	-1.19	1.72	4.22	8.59	4.76
Tangible Book Value	-26.97	-23.78	-16.75	-10.76	1.23	7.9
Tangible Book Value Per Share	-9.98	-8.80	-6.03	-3.82	0.43	2.74
Land	-	13.85	13.85	-	-	-
Buildings	-	-	-	13.85	13.85	2.64
Machinery	-	7.28	7.06	6.55	6.47	4.85
Leasehold Improvements	-	8.39	7.66	7.67	6.3	5.54
Order Backlog	-	14.3	12.6	13.6	14	10.3

Updated Aug 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q