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	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	42.18	6.51	7.84	7.09	8.37	15.93
Short-Term Investments	1.32	1.11	1.92	2.16	2.55	2.91
Cash & Short-Term Investments	43.5	7.61	9.77	9.25	10.92	18.84
Cash Growth	118.04%	-22.06%	5.57%	-15.27%	-42.05%	2.77%
Accounts Receivable	43.18	23.92	22.91	27.22	19.68	6.51
Other Receivables	0.09	0.68	0.56	-	3.23	4.39
Total Trade Receivables	43.28	24.6	23.47	27.22	22.91	10.89
Inventory	65.41	38.52	60.72	71.13	75.17	71.97
Other Current Assets	8.88	7.78	8.92	8.96	19.24	4.07
Total Current Assets	161.06	78.51	102.88	116.56	128.24	105.77
Net Property, Plant & Equipment	151.53	48.22	32.49	33.19	43.08	18.41
Other Intangible Assets	13.89	10.02	10.98	12.1	13.26	1.6
Goodwill	11.91	10.54	10.54	10.56	10.13	4.23
Long-Term Investments	33.58	19	16.65	13.23	9.86	4.48
Other Long-Term Assets	9.79	7.49	3.63	3.92	3.03	6.27
Total Assets	381.77	173.78	177.17	189.56	207.6	140.75
Accounts Payable	16	17.78	15.07	10.45	9.4	8.34
Accrued Expenses	47.54	16.69	15.65	13.44	13.59	12.83
Current Portion of Long-Term Debt	4.96	10.38	14.36	38.74	6.48	5.64
Current Portion of Leases	3.34	2.38	1.76	1.66	1.44	1.37
Other Current Liabilities	-	0.43	-	-	-	-
Total Current Liabilities	167.68	47.66	46.84	64.29	30.91	28.18
Long-Term Debt	190.54	104.51	98.57	86.35	129.33	81.86
Long-Term Leases	12.83	11.84	10.52	10.77	6.73	7.08
Other Long-Term Liabilities	4.82	4.22	2.45	2.46	4.15	2.33
Total Long-Term Liabilities	208.19	120.58	111.53	99.58	140.21	91.26
Total Liabilities	375.87	168.24	158.37	163.87	171.12	119.44
Common Stock	0.76	0.76	0.76	0.76	0.76	0.76
Treasury Stock	-6.4	-6.4	-4.96	-4.08	-3	-2.62
Additional Paid-in Capital	1.08	0.95	0.86	0.73	0.39	-
Accumulated Other Comprehensive Income	1	-0.65	-0.08	0.82	-0.26	-0.68
Retained Earnings	2.4	2.13	8.19	13.69	26.73	16.27
Total Common Shareholders' Equity	-1.17	-3.22	4.77	11.9	24.61	13.73
Minority Interest	7.07	8.75	14.03	13.79	11.87	7.59
Shareholders' Equity	5.9	5.54	18.8	25.69	36.48	21.31
Total Liabilities & Equity	381.77	173.78	177.17	189.56	207.6	140.75
Total Debt	211.67	129.12	125.2	137.52	143.99	95.94
Net Cash (Debt)	-168.18	-121.5	-115.44	-128.27	-133.07	-77.1
Net Cash Per Share	-62.03	-44.18	-40.99	-45.05	-46.08	-26.75
Book Value	-1.17	-3.22	4.77	11.9	24.61	13.73
Book Value Per Share	-0.43	-1.17	1.69	4.18	8.52	4.76
Tangible Book Value	-26.97	-23.78	-16.75	-10.76	1.23	7.9
Tangible Book Value Per Share	-9.95	-8.65	-5.95	-3.78	0.42	2.74

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q