AAR Balance Sheet Health
Financial Health criteria checks 5/6
AAR has a total shareholder equity of $1.2B and total debt of $274.7M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $2.0B and $853.8M respectively. AAR's EBIT is $159.1M making its interest coverage ratio 5.9. It has cash and short-term investments of $69.2M.
Key information
23.5%
Debt to equity ratio
US$274.70m
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$69.20m |
| Equity | US$1.17b |
| Total liabilities | US$853.80m |
| Total assets | US$2.02b |
Recent financial health updates
We Think AAR (NYSE:AIR) Can Stay On Top Of Its Debt
Dec 28
Here's Why AAR (NYSE:AIR) Can Manage Its Debt Responsibly
Aug 23These 4 Measures Indicate That AAR (NYSE:AIR) Is Using Debt Reasonably Well
May 19Is AAR (NYSE:AIR) Using Too Much Debt?
Feb 15These 4 Measures Indicate That AAR (NYSE:AIR) Is Using Debt Safely
Nov 04Here's Why AAR (NYSE:AIR) Can Manage Its Debt Responsibly
May 29Recent updates
Some May Be Optimistic About AAR's (NYSE:AIR) Earnings
Mar 28Why AAR Corp. (NYSE:AIR) Could Be Worth Watching
Mar 23AAR Corp. Stock Remains A Buy After Share Price Tumbles
Mar 22Shareholders Should Be Pleased With AAR Corp.'s (NYSE:AIR) Price
Jan 31We Think AAR (NYSE:AIR) Can Stay On Top Of Its Debt
Dec 28AAR: Making A 'High' Deal For Triumph Product Support
Dec 25Is It Time To Consider Buying AAR Corp. (NYSE:AIR)?
Dec 13AAR Corp. Stock: Not Undervalued But Has Space To Fly Higher
Nov 29AAR (NYSE:AIR) Has Some Way To Go To Become A Multi-Bagger
Nov 02AAR Corp.: Flying High Again
Sep 19We Think Shareholders Are Less Likely To Approve A Large Pay Rise For AAR Corp.'s (NYSE:AIR) CEO For Now
Sep 14At US$58.81, Is It Time To Put AAR Corp. (NYSE:AIR) On Your Watch List?
Sep 07Here's Why AAR (NYSE:AIR) Can Manage Its Debt Responsibly
Aug 23Is There An Opportunity With AAR Corp.'s (NYSE:AIR) 50% Undervaluation?
Jul 31Is Now The Time To Put AAR (NYSE:AIR) On Your Watchlist?
Jul 19AAR Corp.: Supply Chain Optimization Creating Operational Efficiencies
Jul 03These 4 Measures Indicate That AAR (NYSE:AIR) Is Using Debt Reasonably Well
May 19At US$52.78, Is AAR Corp. (NYSE:AIR) Worth Looking At Closely?
Apr 29If EPS Growth Is Important To You, AAR (NYSE:AIR) Presents An Opportunity
Apr 14AAR (NYSE:AIR) Is Experiencing Growth In Returns On Capital
Mar 22Is There An Opportunity With AAR Corp.'s (NYSE:AIR) 28% Undervaluation?
Mar 04Is AAR (NYSE:AIR) Using Too Much Debt?
Feb 15AAR Corp.: Solid Q2 FY23 Results And Attractive Valuation
Jan 05AAR Q2 2023 Earnings Preview
Dec 19Is It Too Late To Consider Buying AAR Corp. (NYSE:AIR)?
Dec 19AAR (NYSE:AIR) Shareholders Will Want The ROCE Trajectory To Continue
Nov 17These 4 Measures Indicate That AAR (NYSE:AIR) Is Using Debt Safely
Nov 04AAR expands partnership with flydubai
Oct 19AAR bags ~$115M modification contract for Naval Air Systems
Oct 11AAR inks long-term deal with Unison Industries as global exclusive distributor
Oct 05Here's Why We Think AAR (NYSE:AIR) Is Well Worth Watching
Sep 29AAR FQ1 2023 Earnings Preview
Sep 21Is Now An Opportune Moment To Examine AAR Corp. (NYSE:AIR)?
Sep 16AAR Corp.: Financial Turnaround Is Coming
Sep 15AAR's (NYSE:AIR) Returns On Capital Are Heading Higher
Aug 11AAR secures captains of industry contract from Defense Logistics Agency
Jul 19AAR Corp.: Some Turbulence Along The Way
Jun 19At US$45.81, Is AAR Corp. (NYSE:AIR) Worth Looking At Closely?
Jun 13Here's Why AAR (NYSE:AIR) Can Manage Its Debt Responsibly
May 29Returns At AAR (NYSE:AIR) Appear To Be Weighed Down
Apr 28Financial Position Analysis
Short Term Liabilities: AIR's short term assets ($1.2B) exceed its short term liabilities ($428.2M).
Long Term Liabilities: AIR's short term assets ($1.2B) exceed its long term liabilities ($425.6M).
Debt to Equity History and Analysis
Debt Level: AIR's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: AIR's debt to equity ratio has increased from 19.7% to 23.5% over the past 5 years.
Debt Coverage: AIR's debt is well covered by operating cash flow (23.4%).
Interest Coverage: AIR's interest payments on its debt are well covered by EBIT (5.9x coverage).