AAR Corp. (AIR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 1.76B | 1.69B | 1.57B | 1.51B | 1.53B | 1.5B | 1.43B | 1.39B | 1.24B | 1.19B | 1.21B | 1.1B | 1.07B | 1.06B | 1.04B | 1.01B | 977.2M | 946.7M | 944.9M | 937M |
| Cash & Short-Term Investments | 100.1M | 75.6M | 80M | 96.5M | 84.4M | 61.7M | 49.3M | 85.8M | 69.2M | 65.1M | 70.3M | 68.4M | 52.7M | 49M | 44.3M | 53.5M | 40.6M | 42.7M | 48.8M | 51.8M |
| Cash Only | 100.1M | 75.6M | 80M | 96.5M | 84.4M | 61.7M | 49.3M | 85.8M | 69.2M | 65.1M | 70.3M | 68.4M | 52.7M | 49M | 44.3M | 53.5M | 40.6M | 42.7M | 48.8M | 51.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 568.5M | 554.5M | 510.2M | 495.1M | 465.8M | 470.6M | 458.8M | 410.4M | 343.6M | 345.7M | 379.9M | 328.2M | 329.4M | 307.8M | 308.3M | 287.6M | 278.1M | 260.6M | 255.4M | 238.6M |
| Days Sales Outstanding | 59.8 | 60.91 | 62.53 | 58.58 | 62.13 | 61.63 | 60.42 | 52.83 | 55.28 | 60.53 | 59.26 | 54.67 | 55.03 | 59.67 | 61.42 | 54.66 | 53.61 | 53.77 | 49.93 | 51.25 |
| Inventory | 958.2M | 910.8M | 861.5M | 809.2M | 775.7M | 790M | 748.2M | 733.1M | 671.5M | 645.9M | 614.2M | 574.1M | 570.7M | 595M | 575.8M | 550.5M | 535.2M | 531.7M | 525.8M | 540.6M |
| Days Inventory Outstanding | 121.82 | 126.32 | 126.84 | 120.64 | 128.92 | 125.54 | 125.14 | 122.09 | 131.16 | 129.72 | 121.9 | 118.29 | 122.91 | 138.73 | 142.18 | 129.28 | 129.13 | 134.33 | 125.62 | 138.93 |
| Other Current Assets | 136.9M | 149.4M | 115.2M | 109.8M | 208.9M | 175.7M | 170.6M | 160.3M | 156.4M | 137.7M | 142.8M | 77.5M | 115M | 108.5M | 73M | 75.2M | 123.3M | 111.7M | 75.3M | 78.3M |
| Total Non-Current Assets | 1.57B | 1.55B | 1.36B | 1.33B | 1.32B | 1.35B | 1.36B | 1.38B | 781.1M | 771.2M | 747.2M | 735.2M | 605.5M | 586.6M | 563.7M | 566.7M | 574.8M | 582.9M | 590.8M | 602.7M |
| Property, Plant & Equipment | 544M | 533.2M | 252.9M | 251.8M | 232.4M | 257.5M | 254.9M | 268.3M | 223.6M | 223M | 198.3M | 189.8M | 361.2M | 351.8M | 349M | 182.6M | 180.1M | 182.5M | 360.7M | 195.8M |
| Fixed Asset Turnover | 1.57x | 2.02x | 2.93x | 3.12x | 2.77x | 2.68x | 2.53x | 2.67x | 2.54x | 2.59x | 2.83x | 2.01x | 1.46x | 1.34x | 1.68x | 2.63x | 2.49x | 1.61x | 1.64x | 2.21x |
| Goodwill | 552.3M | 552.2M | 543.1M | 530.8M | 528.4M | 543.2M | 552.6M | 554.8M | 179.4M | 176M | 177.4M | 175.8M | 0 | 0 | 0 | 116.4M | 0 | 0 | 0 | 119.3M |
| Intangible Assets | 288.6M | 295.5M | 225.9M | 219.6M | 223.6M | 227.3M | 231.3M | 235.4M | 60.4M | 61.5M | 62.6M | 63.7M | 117.7M | 117.6M | 117.6M | 3.3M | 121M | 120.9M | 122.1M | 4.5M |
| Long-Term Investments | 86.3M | 72.4M | 68M | 46.8M | 31.2M | 27.6M | 23.1M | 50.2M | 39.8M | 0 | 0 | 28M | 33.9M | 27.1M | 28.8M | 24.5M | 0 | 0 | 36.7M | 18.3M |
| Other Non-Current Assets | 97.6M | 98.9M | 272.9M | 285M | 308.7M | 295.7M | 294.5M | 271.7M | 277.9M | 310.7M | 308.9M | 277.9M | 92.7M | 90.1M | 68.3M | 239.9M | 273.7M | 279.5M | 71.3M | 264.8M |
| Total Assets | 3.33B | 3.24B | 2.93B | 2.84B | 2.86B | 2.85B | 2.78B | 2.77B | 2.02B | 1.97B | 1.95B | 1.83B | 1.67B | 1.65B | 1.6B | 1.57B | 1.55B | 1.53B | 1.54B | 1.54B |
| Asset Turnover | 0.26x | 0.26x | 0.26x | 0.26x | 0.24x | 0.24x | 0.24x | 0.27x | 0.28x | 0.28x | 0.29x | 0.32x | 0.31x | 0.29x | 0.28x | 0.30x | 0.29x | 0.28x | 0.30x | 0.28x |
| Asset Growth % | 16.56% | 13.8% | 5.26% | 2.69% | 41.41% | 44.96% | 42.41% | 51.11% | 20.83% | 19.35% | 22.23% | 16.47% | 7.82% | 7.67% | 4.12% | 2.22% | -5.53% | -8.37% | -10.39% | -25.94% |
| Total Current Liabilities | 653M | 594.2M | 538.5M | 554.7M | 545.2M | 558.3M | 466.9M | 466.9M | 428.2M | 380.1M | 393.5M | 351.5M | 331.6M | 323.7M | 357.9M | 348.2M | 343.1M | 320.2M | 324.2M | 336.8M |
| Accounts Payable | 324M | 341.8M | 313.5M | 303.1M | 278.9M | 291.8M | 257.5M | 238M | 230.3M | 209.7M | 222.2M | 158.5M | 158.7M | 156.5M | 194.5M | 156.4M | 140.8M | 124.3M | 144.2M | 127.2M |
| Days Payables Outstanding | 43.4 | 46.7 | 46.81 | 44.3 | 46.99 | 44.83 | 41.86 | 40.71 | 43.81 | 44.46 | 39.05 | 32.77 | 33.23 | 41.59 | 44.3 | 35.39 | 32.09 | 34.11 | 31.97 | 38.96 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 63.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.8M | 33.6M | 0 | 0 |
| Other Current Liabilities | 265.8M | 49.8M | 45.3M | 5.8M | 29.6M | 7.7M | 8.6M | 9.6M | 10.5M | 11.4M | 12.4M | 13.4M | 14.4M | 15.3M | 16.2M | 17.2M | 18.1M | 19.2M | 20.2M | 35.4M |
| Current Ratio | 2.70x | 2.84x | 2.91x | 2.72x | 2.82x | 2.68x | 3.06x | 2.98x | 2.90x | 3.14x | 3.07x | 3.12x | 3.22x | 3.28x | 2.89x | 2.89x | 2.85x | 2.96x | 2.91x | 2.78x |
| Quick Ratio | 1.23x | 1.31x | 1.31x | 1.26x | 1.39x | 1.27x | 1.45x | 1.41x | 1.33x | 1.44x | 1.51x | 1.49x | 1.50x | 1.44x | 1.28x | 1.31x | 1.29x | 1.30x | 1.29x | 1.18x |
| Cash Conversion Cycle | 138.22 | 140.52 | 142.55 | 134.93 | 144.06 | 142.34 | 143.71 | 134.22 | 142.64 | 145.79 | 142.1 | 140.18 | 144.7 | 156.81 | 159.3 | 148.55 | 150.65 | 154 | 143.58 | 151.22 |
| Total Non-Current Liabilities | 1.04B | 1.09B | 1.14B | 1.08B | 1.13B | 1.11B | 1.11B | 1.11B | 425.6M | 430M | 439M | 382.5M | 274M | 287.9M | 204.5M | 191.2M | 191.2M | 202.4M | 223.3M | 228.5M |
| Long-Term Debt | 888.3M | 952.7M | 1.02B | 968M | 1.02B | 986.7M | 981M | 985.4M | 274.7M | 275M | 304.8M | 269.7M | 185.6M | 197.2M | 114.1M | 98.9M | 103.3M | 103.2M | 127.6M | 133.7M |
| Capital Lease Obligations | 91.4M | 91.6M | 77.9M | 79.6M | 67.6M | 78M | 78.9M | 80.3M | 73M | 73.2M | 51.5M | 48.2M | 52M | 51.9M | 54.3M | 57.4M | 57.9M | 60.5M | 58M | 59.9M |
| Deferred Tax Liabilities | 18M | 21.2M | 21.5M | 18.4M | 25.3M | 23.5M | 24M | 23.9M | 37M | 39.8M | 39.7M | 33.6M | 14.2M | 19.7M | 20.1M | 20M | 0 | 0 | 0 | 9.5M |
| Other Non-Current Liabilities | 13.9M | 13.6M | 12M | 5.9M | 6.4M | 17.3M | 22.3M | 16.5M | 40.9M | 42M | 43M | 31M | 22.2M | 19.1M | 16M | 14.9M | 30M | 38.7M | 30M | 20M |
| Total Liabilities | 1.69B | 1.68B | 1.68B | 1.63B | 1.68B | 1.67B | 1.57B | 1.58B | 853.8M | 810.1M | 832.5M | 734M | 605.6M | 611.6M | 562.4M | 539.4M | 534.3M | 522.6M | 547.5M | 565.3M |
| Total Debt | 979.7M | 1.04B | 1.1B | 1.05B | 1.09B | 1.06B | 1.06B | 1.07B | 347.7M | 348.2M | 356.3M | 317.9M | 237.6M | 249.1M | 168.4M | 156.3M | 161.2M | 163.7M | 185.6M | 193.6M |
| Net Debt | 879.6M | 968.7M | 1.02B | 951.1M | 1.01B | 1B | 1.01B | 979.9M | 278.5M | 283.1M | 286M | 249.5M | 184.9M | 200.1M | 124.1M | 102.8M | 120.6M | 121M | 136.8M | 141.8M |
| Debt / Equity | 0.60x | 0.67x | 0.88x | 0.86x | 0.92x | 0.90x | 0.88x | 0.90x | 0.30x | 0.30x | 0.32x | 0.29x | 0.22x | 0.24x | 0.16x | 0.15x | 0.16x | 0.16x | 0.19x | 0.20x |
| Debt / EBITDA | 11.47x | 12.27x | 13.98x | 12.00x | 13.01x | 86.56x | 18.40x | 22.25x | 8.32x | 7.41x | 10.57x | 7.23x | 5.81x | 6.40x | 4.43x | 4.01x | 4.24x | 4.20x | 7.73x | 6.47x |
| Net Debt / EBITDA | 10.30x | 11.38x | 12.96x | 10.89x | 12.00x | 81.54x | 17.55x | 20.46x | 6.66x | 6.02x | 8.49x | 5.67x | 4.52x | 5.14x | 3.27x | 2.64x | 3.17x | 3.10x | 5.70x | 4.74x |
| Interest Coverage | 6.30x | 3.52x | 3.50x | 3.53x | 0.40x | -0.17x | 2.32x | 2.30x | 2.79x | 6.08x | -2.38x | 6.81x | 9.39x | 15.76x | 28.64x | 56.83x | 52.33x | 56.20x | 22.57x | 22.67x |
| Total Equity | 1.64B | 1.56B | 1.25B | 1.21B | 1.18B | 1.18B | 1.21B | 1.19B | 1.17B | 1.16B | 1.12B | 1.1B | 1.07B | 1.04B | 1.04B | 1.03B | 1.02B | 1.01B | 988.2M | 974.4M |
| Equity Growth % | 38.96% | 32.13% | 3.23% | 1.83% | 1.25% | 2.26% | 7.87% | 8.25% | 9.39% | 11.61% | 8.24% | 6.24% | 4.91% | 2.81% | 4.89% | 6.17% | 9.15% | 11.8% | 10.96% | 7.95% |
| Book Value per Share | 43.25 | 42.19 | 34.80 | 34.03 | 33.41 | 33.57 | 33.99 | 33.61 | 33.18 | 32.73 | 32.33 | 31.48 | 30.86 | 29.84 | 29.28 | 28.98 | 28.51 | 28.29 | 27.68 | 27.29 |
| Total Shareholders' Equity | 1.64B | 1.56B | 1.25B | 1.21B | 1.18B | 1.18B | 1.21B | 1.19B | 1.17B | 1.16B | 1.12B | 1.1B | 1.07B | 1.04B | 1.04B | 1.03B | 1.02B | 1.01B | 988.2M | 974.4M |
| Common Stock | 48.8M | 48.8M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M | 45.3M |
| Retained Earnings | 1.11B | 1.04B | 1B | 969.4M | 935.4M | 944.3M | 974.9M | 956.9M | 947.8M | 933.8M | 910M | 910.6M | 887.4M | 865.6M | 843.1M | 820.4M | 796.5M | 774M | 753.2M | 741.7M |
| Treasury Stock | -291.6M | -297.8M | -298.1M | -302.7M | -287M | -292.9M | -293.1M | -297.5M | -305.7M | -300.8M | -307.1M | -317.8M | -324.2M | -331.8M | -306M | -289.1M | -285.4M | -271.6M | -271.6M | -274.1M |
| Accumulated OCI | -4.7M | -6.4M | -5.2M | -5.6M | -12.1M | -10.6M | -7.3M | -8.8M | -8.7M | -8.5M | -8.1M | -23.5M | -22M | -22.8M | -22.7M | -19.6M | -20.1M | -22.2M | -18.6M | -18.3M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |