Air T Balance Sheet Health
Financial Health criteria checks 3/6
Air T has a total shareholder equity of $18.8M and total debt of $112.9M, which brings its debt-to-equity ratio to 600.8%. Its total assets and total liabilities are $177.2M and $158.4M respectively. Air T's EBIT is $1.3M making its interest coverage ratio 0.2. It has cash and short-term investments of $7.1M.
Key information
600.8%
Debt to equity ratio
US$112.93m
Debt
Interest coverage ratio | 0.2x |
Cash | US$7.10m |
Equity | US$18.80m |
Total liabilities | US$158.37m |
Total assets | US$177.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIRT.P's short term assets ($102.9M) exceed its short term liabilities ($46.8M).
Long Term Liabilities: AIRT.P's short term assets ($102.9M) do not cover its long term liabilities ($111.5M).
Debt to Equity History and Analysis
Debt Level: AIRT.P's net debt to equity ratio (563%) is considered high.
Reducing Debt: AIRT.P's debt to equity ratio has increased from 200.7% to 600.8% 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: Whilst unprofitable AIRT.P has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AIRT.P is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.2% per year.