Air T, Inc. (AIRT)

Air T Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	18.46	7.1	5.81	5.62	11	5.95
Short-Term Investments	-	-	-	0.86	1.41	1.68
Cash & Short-Term Investments	18.46	7.1	5.81	6.48	12.4	7.63
Cash Growth	284.06%	22.29%	-10.33%	-47.80%	62.58%	-46.19%
Accounts Receivable	24.58	22.91	27.22	28.82	6.51	13.08
Other Receivables	0.12	3.09	2.26	3.23	4.39	1.17
Receivables	24.7	26	29.48	32.05	10.89	14.25
Inventory	38.54	60.72	71.13	75.17	71.97	60.62
Prepaid Expenses	2.59	2.35	2.5	-	-	-
Restricted Cash	0.31	0.74	1.28	2.75	4.93	9.62
Other Current Assets	5.52	5.96	6.36	11.8	5.58	6.36
Total Current Assets	90.12	102.88	116.56	128.24	105.77	98.49
Property, Plant & Equipment	49.41	32.49	33.19	43.08	18.41	41.33
Long-Term Investments	19.44	16.65	13.23	9.86	4.48	5.21
Goodwill	10.39	10.54	10.56	10.13	4.23	4.23
Other Intangible Assets	9.98	10.98	12.1	13.26	1.6	-
Other Long-Term Assets	2.28	3.63	3.92	3.03	6.27	2.17
Total Assets	187.62	177.17	189.56	207.6	140.75	151.43
Accounts Payable	10.23	15.07	10.45	9.4	8.34	10.86
Accrued Expenses	12.34	11.15	8.13	10.44	11.54	11.3
Current Portion of Long-Term Debt	18.44	14.36	38.74	6.48	5.64	42.68
Current Portion of Leases	2.29	1.76	1.66	1.44	1.37	1.17
Current Income Taxes Payable	0.07	0.14	0.3	0.19	0.04	-
Current Unearned Revenue	3.27	2.96	2.44	-	-	-
Other Current Liabilities	0.69	1.4	2.56	2.95	1.25	1.72
Total Current Liabilities	47.33	46.84	64.29	30.91	28.18	67.75
Long-Term Debt	109	98.57	86.35	129.33	82.45	44.05
Long-Term Leases	12.27	10.52	10.77	6.73	7.08	7.47
Long-Term Deferred Tax Liabilities	2.45	2.45	2.42	2.81	0.6	0.58
Other Long-Term Liabilities	2.58	-	0.05	1.34	1.14	0.49
Total Liabilities	173.62	158.37	163.87	171.12	119.44	120.34
Common Stock	0.76	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	0.91	0.86	0.73	0.39	-	2.64
Retained Earnings	9.16	8.19	13.69	26.73	16.27	23.77
Treasury Stock	-5.63	-4.96	-4.08	-3	-2.62	-2.62
Comprehensive Income & Other	-0.08	-0.08	0.82	-0.26	-0.68	-0.54
Total Common Equity	5.11	4.77	11.9	24.61	13.73	24.01
Minority Interest	8.89	14.03	13.79	11.87	7.59	7.09
Shareholders' Equity	14	18.8	25.69	36.48	21.31	31.09
Total Liabilities & Equity	187.62	177.17	189.56	207.6	140.75	151.43
Total Debt	142	125.2	137.52	143.99	96.53	95.38
Net Cash (Debt)	-123.54	-118.1	-131.71	-137.51	-84.13	-87.75
Net Cash Per Share	-44.65	-41.94	-46.26	-47.61	-29.19	-31.36
Filing Date Shares Outstanding	2.73	2.76	2.82	2.87	2.88	2.88
Total Common Shares Outstanding	2.74	2.78	2.82	2.87	2.88	2.88
Working Capital	42.79	56.04	52.27	97.34	77.6	30.74
Book Value Per Share	1.86	1.72	4.22	8.59	4.76	8.33
Tangible Book Value	-15.26	-16.75	-10.76	1.23	7.9	19.78
Tangible Book Value Per Share	-5.57	-6.03	-3.82	0.43	2.74	6.86
Buildings	-	13.85	13.85	13.85	2.64	1.96
Machinery	-	7.06	6.55	6.47	4.85	5.24
Leasehold Improvements	-	7.66	7.67	6.3	5.54	2.39
Order Backlog	-	12.6	13.6	14	10.3	51.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q