Air T, Inc. (AIRT)

Air T Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	5.93	7.1	5.81	5.62	11
Short-Term Investments	0.42	-	-	0.86	1.41
Cash & Short-Term Investments	6.35	7.1	5.81	6.48	12.4
Cash Growth	-10.51%	22.29%	-10.33%	-47.80%	62.58%
Accounts Receivable	23.92	22.91	27.22	28.82	6.51
Other Receivables	0.86	3.09	2.26	3.23	4.39
Receivables	24.78	26	29.48	32.05	10.89
Inventory	38.52	60.72	71.13	75.17	71.97
Prepaid Expenses	3.1	2.35	2.5	-	-
Restricted Cash	0.58	0.74	1.28	2.75	4.93
Other Current Assets	5.18	5.96	6.36	11.8	5.58
Total Current Assets	78.51	102.88	116.56	128.24	105.77
Property, Plant & Equipment	48.22	32.49	33.19	43.08	18.41
Long-Term Investments	19	16.65	13.23	9.86	4.48
Goodwill	10.54	10.54	10.56	10.13	4.23
Other Intangible Assets	10.02	10.98	12.1	13.26	1.6
Other Long-Term Assets	1.64	3.63	3.92	3.03	6.27
Total Assets	173.78	177.17	189.56	207.6	140.75
Accounts Payable	17.78	15.07	10.45	9.4	8.34
Accrued Expenses	16.69	11.15	8.13	10.44	11.54
Current Portion of Long-Term Debt	10.38	14.36	38.74	6.48	5.64
Current Portion of Leases	2.38	1.76	1.66	1.44	1.37
Current Income Taxes Payable	-	0.14	0.3	0.19	0.04
Current Unearned Revenue	-	2.96	2.44	-	-
Other Current Liabilities	0.43	1.4	2.56	2.95	1.25
Total Current Liabilities	47.66	46.84	64.29	30.91	28.18
Long-Term Debt	104.51	98.57	86.35	129.33	82.45
Long-Term Leases	11.84	10.52	10.77	6.73	7.08
Long-Term Deferred Tax Liabilities	2.25	2.45	2.42	2.81	0.6
Other Long-Term Liabilities	1.98	-	0.05	1.34	1.14
Total Liabilities	168.24	158.37	163.87	171.12	119.44
Common Stock	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	0.95	0.86	0.73	0.39	-
Retained Earnings	2.13	8.19	13.69	26.73	16.27
Treasury Stock	-6.4	-4.96	-4.08	-3	-2.62
Comprehensive Income & Other	-0.65	-0.08	0.82	-0.26	-0.68
Total Common Equity	-3.22	4.77	11.9	24.61	13.73
Minority Interest	8.75	14.03	13.79	11.87	7.59
Shareholders' Equity	5.54	18.8	25.69	36.48	21.31
Total Liabilities & Equity	173.78	177.17	189.56	207.6	140.75
Total Debt	129.12	125.2	137.52	143.99	96.53
Net Cash (Debt)	-122.76	-118.1	-131.71	-137.51	-84.13
Net Cash Per Share	-44.64	-41.94	-46.26	-47.61	-29.19
Filing Date Shares Outstanding	2.7	2.76	2.82	2.87	2.88
Total Common Shares Outstanding	2.7	2.78	2.82	2.87	2.88
Working Capital	30.85	56.04	52.27	97.34	77.6
Book Value Per Share	-1.19	1.72	4.22	8.59	4.76
Tangible Book Value	-23.78	-16.75	-10.76	1.23	7.9
Tangible Book Value Per Share	-8.80	-6.03	-3.82	0.43	2.74
Buildings	-	13.85	13.85	13.85	2.64
Machinery	-	7.06	6.55	6.47	4.85
Leasehold Improvements	-	7.66	7.67	6.3	5.54
Order Backlog	-	12.6	13.6	14	10.3

Updated Jun 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q