Air T Balance Sheet Health
Financial Health criteria checks 3/6
Air T has a total shareholder equity of $12.6M and total debt of $116.6M, which brings its debt-to-equity ratio to 927.4%. Its total assets and total liabilities are $175.5M and $162.9M respectively. Air T's EBIT is $47.0K making its interest coverage ratio 0. It has cash and short-term investments of $7.8M.
Key information
927.4%
Debt to equity ratio
US$116.60m
Debt
| Interest coverage ratio | 0.007x |
| Cash | US$7.82m |
| Equity | US$12.57m |
| Total liabilities | US$162.91m |
| Total assets | US$175.49m |
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 ($100.7M) exceed its short term liabilities ($46.9M).
Long Term Liabilities: AIRT's short term assets ($100.7M) do not cover its long term liabilities ($116.1M).
Debt to Equity History and Analysis
Debt Level: AIRT's net debt to equity ratio (865.3%) is considered high.
Reducing Debt: AIRT's debt to equity ratio has increased from 233.1% to 927.4% 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 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AIRT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.8% per year.