Air Industries Group Balance Sheet Health
Financial Health criteria checks 5/6
Air Industries Group has a total shareholder equity of $14.7M and total debt of $23.9M, which brings its debt-to-equity ratio to 162.9%. Its total assets and total liabilities are $50.4M and $35.7M respectively. Air Industries Group's EBIT is $1.1M making its interest coverage ratio 0.6. It has cash and short-term investments of $186.0K.
Key information
162.9%
Debt to equity ratio
US$23.92m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$186.00k |
| Equity | US$14.68m |
| Total liabilities | US$35.69m |
| Total assets | US$50.37m |
Recent financial health updates
Recent updates
Air Industries Group's (NYSEMKT:AIRI) Solid Earnings May Rest On Weak Foundations
Apr 05
Air Industries Group (NYSEMKT:AIRI) Has Debt But No Earnings; Should You Worry?
Mar 25If You Had Bought Air Industries Group's (NYSEMKT:AIRI) Shares Five Years Ago You Would Be Down 69%
Feb 18
Analysts Are Optimistic We'll See A Profit From Air Industries Group (NYSEMKT:AIRI)
Jan 23Don't Ignore The Fact That This Insider Just Sold Some Shares In Air Industries Group (NYSEMKT:AIRI)
Dec 19Is Air Industries Group (NYSEMKT:AIRI) Using Too Much Debt?
Dec 18Financial Position Analysis
Short Term Liabilities: AIRI's short term assets ($38.6M) exceed its short term liabilities ($26.8M).
Long Term Liabilities: AIRI's short term assets ($38.6M) exceed its long term liabilities ($8.9M).
Debt to Equity History and Analysis
Debt Level: AIRI's net debt to equity ratio (161.6%) is considered high.
Reducing Debt: AIRI's debt to equity ratio has reduced from 218.5% to 162.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AIRI has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AIRI is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 17:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Air Industries Group is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Koranda | Roth MKM |
| Howard Halpern | Taglich Brothers, Inc. |