Air T Balance Sheet Health
Financial Health criteria checks 1/6
Air T has a total shareholder equity of $16.1M and total debt of $131.4M, which brings its debt-to-equity ratio to 817.2%. Its total assets and total liabilities are $197.1M and $181.0M respectively. Air T's EBIT is $3.2M making its interest coverage ratio 0.4. It has cash and short-term investments of $8.6M.
Key information
817.2%
Debt to equity ratio
US$131.37m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$8.61m |
| Equity | US$16.08m |
| Total liabilities | US$181.04m |
| Total assets | US$197.12m |
Recent financial health updates
Health Check: How Prudently Does Air T (NASDAQ:AIRT) Use Debt?
Mar 21
Is Air T (NASDAQ:AIRT) Using Too Much Debt?
Nov 16Is Air T (NASDAQ:AIRT) A Risky Investment?
Jul 22Recent updates
Further Upside For Air T, Inc. (NASDAQ:AIRT) Shares Could Introduce Price Risks After 30% Bounce
Mar 27Health Check: How Prudently Does Air T (NASDAQ:AIRT) Use Debt?
Mar 21Is Air T (NASDAQ:AIRT) Using Too Much Debt?
Nov 16Returns At Air T (NASDAQ:AIRT) Appear To Be Weighed Down
Apr 09Air T GAAP EPS of -$0.50, revenue of $50.9M
Aug 12There Are Some Holes In Air T's (NASDAQ:AIRT) Solid Earnings Release
Nov 19Is Air T (NASDAQ:AIRT) A Risky Investment?
Jul 22Is Air T (NASDAQ:AIRT) Weighed On By Its Debt Load?
Mar 01The Air T (NASDAQ:AIRT) Share Price Is Up 78% And Shareholders Are Holding On
Jan 08
BABA, FUBO, GEVO and NLTX among midday movers
Dec 24How Many Air T, Inc. (NASDAQ:AIRT) Shares Did Insiders Buy, In The Last Year?
Dec 13Financial Position Analysis
Short Term Liabilities: AIRT's short term assets ($102.6M) exceed its short term liabilities ($45.1M).
Long Term Liabilities: AIRT's short term assets ($102.6M) do not cover its long term liabilities ($135.9M).
Debt to Equity History and Analysis
Debt Level: AIRT's net debt to equity ratio (763.6%) is considered high.
Reducing Debt: AIRT's debt to equity ratio has increased from 227.8% to 817.2% 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: AIRT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AIRT has less than a year of cash runway if free cash flow continues to grow at historical rates of 29.8% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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
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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 T, Inc. is covered by 0 analysts. 0 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 |
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