Air T Balance Sheet

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	37.37	5.93	7.1	5.81	5.62	11
Short-Term Investments	0.6	0.42	0.53	-	0.86	1.41
Cash & Short-Term Investments	37.96	6.35	7.63	5.81	6.48	12.4
Cash Growth	105.67%	-16.73%	31.43%	-10.33%	-47.80%	62.58%
Accounts Receivable	43.18	23.92	22.91	27.22	28.82	6.51
Other Receivables	0.09	0.86	3.65	2.26	3.23	4.39
Receivables	43.28	24.78	26.57	29.48	32.05	10.89
Inventory	65.41	38.52	60.72	71.13	75.17	71.97
Prepaid Expenses	3.42	3.1	2.35	2.5	-	-
Restricted Cash	4.81	0.58	0.74	1.28	2.75	4.93
Other Current Assets	6.19	5.18	4.87	6.36	11.8	5.58
Total Current Assets	161.06	78.51	102.88	116.56	128.24	105.77
Property, Plant & Equipment	151.53	48.22	32.49	33.19	43.08	18.41
Long-Term Investments	33.58	19	16.65	13.23	9.86	4.48
Goodwill	11.91	10.54	10.54	10.56	10.13	4.23
Other Intangible Assets	13.89	10.02	10.98	12.1	13.26	1.6
Other Long-Term Assets	5.38	1.64	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	19.77	9.22	7.63	6.42	10.44	11.54
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
Current Income Taxes Payable	1.03	-	-	0.3	0.19	0.04
Current Unearned Revenue	23.74	3.69	2.96	2.44	-	-
Other Current Liabilities	98.85	4.22	5.06	4.27	2.95	1.25
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	82.45
Long-Term Leases	12.83	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	2.57	1.98	-	0.05	1.34	1.14
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
Additional Paid-In Capital	1.08	0.95	0.86	0.73	0.39	-
Retained Earnings	2.4	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	1	-0.65	-0.08	0.82	-0.26	-0.68
Total Common 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	96.53
Net Cash (Debt)	-173.71	-122.76	-117.57	-131.71	-137.51	-84.13
Net Cash Per Share	-64.08	-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	-6.62	30.85	56.04	52.27	97.34	77.6
Book Value Per Share	-0.43	-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 Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q