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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	8.61	7.1	5.81	5.62	11	5.95
Short-Term Investments	-	-	-	0.86	1.41	1.68
Cash & Short-Term Investments	8.61	7.1	5.81	6.48	12.4	7.63
Cash Growth	72.27%	22.29%	-10.33%	-47.79%	62.58%	-46.19%
Accounts Receivable	30.77	22.91	27.22	28.82	6.51	13.08
Other Receivables	3.22	3.09	2.26	3.23	4.39	1.17
Receivables	33.98	26	29.48	32.05	10.89	14.25
Inventory	51.27	60.72	71.13	75.17	71.97	60.62
Prepaid Expenses	2.2	2.35	2.5	-	-	-
Restricted Cash	0.57	0.74	1.28	2.75	4.93	9.62
Other Current Assets	5.97	5.96	6.36	11.8	5.58	6.36
Total Current Assets	102.61	102.88	116.56	128.24	105.77	98.49
Property, Plant & Equipment	50.72	32.49	33.19	43.08	18.41	41.33
Long-Term Investments	17.59	16.65	13.23	9.86	4.48	5.21
Goodwill	10.68	10.54	10.56	10.13	4.23	4.23
Other Intangible Assets	10.74	10.98	12.1	13.26	1.6	-
Other Long-Term Assets	2.78	3.63	3.92	3.03	6.27	2.17
Total Assets	197.12	177.17	189.56	207.6	140.75	151.43
Accounts Payable	15.53	15.07	10.45	9.4	8.34	10.86
Accrued Expenses	14.33	11.15	8.13	10.44	11.54	11.3
Current Portion of Long-Term Debt	12.96	14.36	38.74	6.48	5.64	42.68
Current Portion of Leases	2.3	1.76	1.66	1.44	1.37	1.17
Current Income Taxes Payable	-	0.14	0.3	0.19	0.04	-
Current Unearned Revenue	-	2.96	2.44	-	-	-
Other Current Liabilities	-	1.4	2.56	2.95	1.25	1.72
Total Current Liabilities	45.11	46.84	64.29	30.91	28.18	67.75
Long-Term Debt	118.41	98.57	86.35	129.33	82.45	44.05
Long-Term Leases	12.89	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	2.18	-	0.05	1.34	1.14	0.49
Total Liabilities	181.04	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	10.46	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	0.2	-0.08	0.82	-0.26	-0.68	-0.54
Total Common Equity	7.04	4.77	11.9	24.61	13.73	24.01
Minority Interest	9.04	14.03	13.79	11.87	7.59	7.09
Shareholders' Equity	16.08	18.8	25.69	36.48	21.31	31.09
Total Liabilities & Equity	197.12	177.17	189.56	207.6	140.75	151.43
Total Debt	146.55	125.2	137.52	143.99	96.53	95.38
Net Cash (Debt)	-137.94	-118.1	-131.71	-137.51	-84.13	-87.75
Net Cash Per Share	-49.50	-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	57.5	56.04	52.27	97.34	77.6	30.74
Book Value Per Share	2.55	1.72	4.22	8.59	4.76	8.33
Tangible Book Value	-14.38	-16.75	-10.76	1.23	7.9	19.78
Tangible Book Value Per Share	-5.21	-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.