Air T, Inc. (AIRT)

Air T Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	7.1	5.81	5.62	11	5.95
Short-Term Investments	-	-	0.86	1.41	1.68
Cash & Short-Term Investments	7.1	5.81	6.48	12.4	7.63
Cash Growth	22.29%	-10.33%	-47.80%	62.58%	-46.19%
Accounts Receivable	22.91	27.22	28.82	6.51	13.08
Other Receivables	3.09	2.26	3.23	4.39	1.17
Receivables	26	29.48	32.05	10.89	14.25
Inventory	60.72	71.13	75.17	71.97	60.62
Prepaid Expenses	2.35	2.5	-	-	-
Restricted Cash	0.74	1.28	2.75	4.93	9.62
Other Current Assets	5.96	6.36	11.8	5.58	6.36
Total Current Assets	102.88	116.56	128.24	105.77	98.49
Property, Plant & Equipment	32.49	33.19	43.08	18.41	41.33
Long-Term Investments	16.65	13.23	9.86	4.48	5.21
Goodwill	10.54	10.56	10.13	4.23	4.23
Other Intangible Assets	10.98	12.1	13.26	1.6	-
Other Long-Term Assets	3.63	3.92	3.03	6.27	2.17
Total Assets	177.17	189.56	207.6	140.75	151.43
Accounts Payable	15.07	10.45	9.4	8.34	10.86
Accrued Expenses	11.15	8.13	10.44	11.54	11.3
Current Portion of Long-Term Debt	14.36	38.74	6.48	5.64	42.68
Current Portion of Leases	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	46.84	64.29	30.91	28.18	67.75
Long-Term Debt	98.57	86.35	129.33	82.45	44.05
Long-Term Leases	10.52	10.77	6.73	7.08	7.47
Long-Term Deferred Tax Liabilities	2.45	2.42	2.81	0.6	0.58
Other Long-Term Liabilities	-	0.05	1.34	1.14	0.49
Total Liabilities	158.37	163.87	171.12	119.44	120.34
Common Stock	0.76	0.76	0.76	0.76	0.76
Additional Paid-In Capital	0.86	0.73	0.39	-	2.64
Retained Earnings	8.19	13.69	26.73	16.27	23.77
Treasury Stock	-4.96	-4.08	-3	-2.62	-2.62
Comprehensive Income & Other	-0.08	0.82	-0.26	-0.68	-0.54
Total Common Equity	4.77	11.9	24.61	13.73	24.01
Minority Interest	14.03	13.79	11.87	7.59	7.09
Shareholders' Equity	18.8	25.69	36.48	21.31	31.09
Total Liabilities & Equity	177.17	189.56	207.6	140.75	151.43
Total Debt	125.2	137.52	143.99	96.53	95.38
Net Cash (Debt)	-118.1	-131.71	-137.51	-84.13	-87.75
Net Cash Per Share	-41.94	-46.26	-47.61	-29.19	-31.36
Filing Date Shares Outstanding	2.76	2.82	2.87	2.88	2.88
Total Common Shares Outstanding	2.78	2.82	2.87	2.88	2.88
Working Capital	56.04	52.27	97.34	77.6	30.74
Book Value Per Share	1.72	4.22	8.59	4.76	8.33
Tangible Book Value	-16.75	-10.76	1.23	7.9	19.78
Tangible Book Value Per Share	-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 Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q