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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	7.82	7.1	5.81	5.62	11	5.95
Short-Term Investments	-	-	-	0.86	1.41	1.68
Cash & Short-Term Investments	7.82	7.1	5.81	6.48	12.4	7.63
Cash Growth	29.73%	22.29%	-10.33%	-47.79%	62.58%	-46.19%
Accounts Receivable	22.83	22.91	27.22	28.82	6.51	13.08
Other Receivables	3.16	3.09	2.26	3.23	4.39	1.17
Receivables	26	26	29.48	32.05	10.89	14.25
Inventory	57.76	60.72	71.13	75.17	71.97	60.62
Prepaid Expenses	2.35	2.35	2.5	-	-	-
Restricted Cash	0.89	0.74	1.28	2.75	4.93	9.62
Other Current Assets	5.86	5.96	6.36	11.8	5.58	6.36
Total Current Assets	100.67	102.88	116.56	128.24	105.77	98.49
Property, Plant & Equipment	34.16	32.49	33.19	43.08	18.41	41.33
Long-Term Investments	17.73	16.65	13.23	9.86	4.48	5.21
Goodwill	10.5	10.54	10.56	10.13	4.23	4.23
Other Intangible Assets	10.66	10.98	12.1	13.26	1.6	-
Other Long-Term Assets	1.77	3.63	3.92	3.03	6.27	2.17
Total Assets	175.49	177.17	189.56	207.6	140.75	151.43
Accounts Payable	14	15.07	10.45	9.4	8.34	10.86
Accrued Expenses	7.03	11.15	8.13	10.44	11.54	11.3
Current Portion of Long-Term Debt	16.13	14.36	38.74	6.48	5.64	42.68
Current Portion of Leases	2.03	1.76	1.66	1.44	1.37	1.17
Current Income Taxes Payable	0.17	0.14	0.3	0.19	0.04	-
Current Unearned Revenue	3.06	2.96	2.44	-	-	-
Other Current Liabilities	4.44	1.4	2.56	2.95	1.25	1.72
Total Current Liabilities	46.85	46.84	64.29	30.91	28.18	67.75
Long-Term Debt	100.47	98.57	86.35	129.33	82.45	44.05
Long-Term Leases	11.96	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	1.19	-	0.05	1.34	1.14	0.49
Total Liabilities	162.91	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	0.88	0.86	0.73	0.39	-	2.64
Retained Earnings	7.94	8.19	13.69	26.73	16.27	23.77
Treasury Stock	-5.26	-4.96	-4.08	-3	-2.62	-2.62
Comprehensive Income & Other	-0.19	-0.08	0.82	-0.26	-0.68	-0.54
Total Common Equity	4.12	4.77	11.9	24.61	13.73	24.01
Minority Interest	8.45	14.03	13.79	11.87	7.59	7.09
Shareholders' Equity	12.57	18.8	25.69	36.48	21.31	31.09
Total Liabilities & Equity	175.49	177.17	189.56	207.6	140.75	151.43
Total Debt	130.59	125.2	137.52	143.99	96.53	95.38
Net Cash (Debt)	-122.77	-118.1	-131.71	-137.51	-84.13	-87.75
Net Cash Per Share	-43.82	-41.94	-46.26	-47.61	-29.19	-31.36
Filing Date Shares Outstanding	2.76	2.76	2.82	2.87	2.88	2.88
Total Common Shares Outstanding	2.76	2.78	2.82	2.87	2.88	2.88
Working Capital	53.82	56.04	52.27	97.34	77.6	30.74
Book Value Per Share	1.49	1.72	4.22	8.59	4.76	8.33
Tangible Book Value	-17.04	-16.75	-10.76	1.23	7.9	19.78
Tangible Book Value Per Share	-6.17	-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 Capital IQ. Standard template. Financial Sources.