Air T, Inc. (AIRT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | 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 |
|---|
| Total Current Assets | 159.98M | 161.06M | 95.81M | 92.93M | 78.51M | 90.12M | 102.61M | 100.67M | 102.88M | 89.33M | 98.27M | 112.85M | 116.56M | 131.1M | 146.53M | 137.14M | 128.24M | 106.8M | 119.02M | 109.43M |
| Cash & Short-Term Investments | 21.36M | 43.5M | 18.64M | 14.95M | 6.35M | 18.46M | 8.61M | 9.95M | 7.1M | 4.81M | 7.18M | 6.02M | 5.81M | 8.63M | 11.84M | 12.07M | 6.47M | 9.18M | 5.17M | 9.38M |
| Cash Only | 20.33M | 42.18M | 17.54M | 14.46M | 5.93M | 18.46M | 8.61M | 8.71M | 7.1M | 4.48M | 5.92M | 5.66M | 5.81M | 6.51M | 9.46M | 9.52M | 5.62M | 5.84M | 2.47M | 7.08M |
| Short-Term Investments | 1.03M | 1.32M | 1.1M | 485K | 422K | 0 | 0 | 1.24M | 0 | 326K | 1.25M | 365K | 0 | 2.12M | 2.38M | 2.55M | 859K | 3.34M | 2.7M | 2.29M |
| Accounts Receivable | 44.65M | 43.18M | 18.81M | 25.65M | 24.78M | 24.7M | 33.98M | 26M | 26M | 18.5M | 26.87M | 32M | 28.69M | 24.69M | 34.15M | 26.84M | 32.05M | 15.28M | 21.26M | 15.31M |
| Days Sales Outstanding | -19.17 | 40.09 | 31.88 | 32.38 | 33.58 | 34.66 | 33.96 | 35.63 | 27.86 | 32.73 | 34.3 | 38.66 | 32.3 | 44.09 | 46.23 | 52.69 | 41.41 | 37 | 38.91 | 32.25 |
| Inventory | 77.13M | 65.41M | 46.63M | 39.89M | 38.52M | 38.54M | 51.27M | 57.76M | 60.72M | 53.89M | 54.46M | 64.41M | 71.13M | 86.22M | 87.6M | 86.13M | 75.17M | 76.45M | 82.59M | 75.77M |
| Days Inventory Outstanding | -39.72 | 88.46 | 83.18 | 64.4 | 61.26 | 67.85 | 79.43 | 102.92 | 93.11 | 96.79 | 83.54 | 106.29 | 112.8 | 162.78 | 165.26 | 191.88 | 175.9 | 201.87 | 214.76 | 233.82 |
| Other Current Assets | 16.84M | 8.97M | 8.18M | 12.45M | 5.76M | 5.83M | 6.54M | 4.62M | 6.7M | 12.14M | 9.77M | 10.41M | 8.43M | 11.56M | 12.93M | 12.09M | 14.55M | 5.88M | 9.99M | 8.97M |
| Total Non-Current Assets | 249.15M | 220.7M | 88.93M | 97.1M | 95.27M | 97.51M | 94.51M | 74.82M | 74.29M | 73.45M | 73.5M | 74.35M | 73M | 81.26M | 79.4M | 76.06M | 79.36M | 57M | 36.62M | 35.69M |
| Property, Plant & Equipment | 176.62M | 151.53M | 32.17M | 33.01M | 48.22M | 49.41M | 50.72M | 34.16M | 32.49M | 32.78M | 33.22M | 33.64M | 33.19M | 40.52M | 42.67M | 39.39M | 43.08M | 34.32M | 18.33M | 17.79M |
| Fixed Asset Turnover | -1.26x | 0.77x | 1.97x | 1.74x | 1.36x | 1.56x | 1.91x | 1.99x | 2.23x | 1.93x | 2.36x | 2.14x | 2.02x | 1.48x | 1.48x | 1.23x | 1.33x | 1.73x | 2.39x | 2.04x |
| Goodwill | 11.82M | 11.9M | 11.9M | 11.9M | 10.54M | 10.39M | 10.68M | 10.5M | 10.54M | 10.62M | 10.46M | 10.56M | 10.56M | 10.41M | 10.09M | 10.32M | 10.13M | 4.23M | 4.23M | 4.23M |
| Intangible Assets | 13.03M | 13.89M | 10.42M | 10.44M | 10.02M | 9.98M | 10.74M | 10.66M | 10.98M | 11.46M | 11.36M | 11.83M | 12.1M | 11.18M | 10.72M | 11.79M | 13.26M | 0 | 0 | 0 |
| Long-Term Investments | 26.07M | 38.24M | 32.89M | 19.9M | 19M | 18.74M | 17.59M | 17.73M | 16.65M | 15.04M | 16.88M | 13.95M | 13.23M | 14.75M | 11.56M | 11.09M | 9.86M | 8.79M | 5.66M | 5.64M |
| Other Non-Current Assets | 21.61M | 5.13M | 1.55M | 21.85M | 7.49M | 8.98M | 4.78M | 1.77M | 3.63M | 975K | 1.58M | 1.78M | 1.5M | 4.41M | 4.36M | 3.48M | 219K | 9.66M | 7.8M | 7.43M |
| Total Assets | 409.12M | 381.76M | 184.74M | 190.04M | 173.78M | 187.62M | 197.12M | 175.49M | 177.17M | 162.78M | 171.77M | 187.2M | 189.56M | 212.36M | 225.93M | 213.21M | 207.6M | 163.8M | 155.63M | 145.12M |
| Asset Turnover | -0.52x | 0.25x | 0.34x | 0.39x | 0.37x | 0.40x | 0.44x | 0.38x | 0.43x | 0.38x | 0.44x | 0.38x | 0.37x | 0.28x | 0.28x | 0.24x | 0.28x | 0.28x | 0.29x | 0.26x |
| Asset Growth % | 135.43% | 103.47% | -6.28% | 8.29% | -1.91% | 15.26% | 14.75% | -6.26% | -6.54% | -23.35% | -23.97% | -12.2% | -8.69% | 29.65% | 45.17% | 46.92% | 47.49% | -11.58% | 4.87% | -5.24% |
| Total Current Liabilities | 95.52M | 167.68M | 46.45M | 49.05M | 47.66M | 47.33M | 45.11M | 46.85M | 46.84M | 44.8M | 50.76M | 49.78M | 64.29M | 67.94M | 73.17M | 29.41M | 30.91M | 21.21M | 22.22M | 30.25M |
| Accounts Payable | 36.97M | 16M | 15.77M | 17.93M | 17.78M | 10.23M | 15.53M | 14M | 15.07M | 13.54M | 12.44M | 10.58M | 10.45M | 9.29M | 13.25M | 11.04M | 9.4M | 7.95M | 11.05M | 9.59M |
| Days Payables Outstanding | -14.76 | 25.08 | 32.41 | 29.34 | 22.27 | 19.46 | 21.52 | 25.26 | 23.24 | 23.21 | 16.18 | 16.49 | 14.15 | 21.1 | 23.1 | 24.31 | 20.13 | 24.12 | 27.99 | 28.38 |
| Short-Term Debt | 7.95M | 8.3M | 4.91M | 7.51M | 10.38M | 18.44M | 12.96M | 16.13M | 14.36M | 17.37M | 25.8M | 24.55M | 38.74M | 43.51M | 46.05M | 3.98M | 6.48M | 4.3M | 2.75M | 10.85M |
| Deferred Revenue (Current) | 0 | 23.73M | 4.75M | 4.82M | 3.69M | 3.27M | 3.66M | 3.06M | 5.55M | 36K | 0 | 0 | 304K | 0 | 0 | 0 | 4.73M | 0 | 0 | 39K |
| Other Current Liabilities | 87.57M | 7.96M | 11.11M | 430K | 430K | 0 | 0 | 0 | 4.66M | 6.29M | 6.7M | 6.46M | 8.08M | 10.34M | 9.12M | 7.63M | 4.43M | 4.6M | 2.78M | 3.81M |
| Current Ratio | 1.67x | 0.96x | 2.06x | 1.89x | 1.65x | 1.90x | 2.27x | 2.15x | 2.20x | 1.99x | 1.94x | 2.27x | 1.81x | 1.93x | 2.00x | 4.66x | 4.15x | 5.04x | 5.36x | 3.62x |
| Quick Ratio | 0.87x | 0.57x | 1.06x | 1.08x | 0.84x | 1.09x | 1.14x | 0.92x | 0.90x | 0.79x | 0.86x | 0.97x | 0.71x | 0.66x | 0.81x | 1.73x | 1.72x | 1.43x | 1.64x | 1.11x |
| Cash Conversion Cycle | -44.13 | 103.47 | 82.66 | 67.44 | 72.57 | 83.05 | 91.88 | 113.29 | 97.73 | 106.31 | 101.66 | 128.46 | 130.95 | 185.76 | 188.4 | 220.26 | 197.19 | 214.74 | 225.68 | 237.69 |
| Total Non-Current Liabilities | 222.38M | 208.19M | 130.99M | 135.69M | 120.58M | 126.29M | 135.93M | 116.06M | 111.53M | 96.94M | 97.76M | 112.18M | 99.58M | 109.9M | 118.57M | 148.21M | 140.21M | 113.41M | 103.14M | 92.98M |
| Long-Term Debt | 216.75M | 203.37M | 128.06M | 120.56M | 104.51M | 109M | 118.41M | 100.47M | 98.57M | 83.42M | 84.15M | 98.54M | 86.35M | 99.62M | 107.98M | 137.57M | 129.33M | 105.44M | 93.36M | 83.8M |
| Capital Lease Obligations | 0 | 12.83M | 10.66M | 11.29M | 11.84M | 12.27M | 12.89M | 11.96M | 10.52M | 10.94M | 11.02M | 11.01M | 10.77M | 5.92M | 6.21M | 6.42M | 6.73M | 6.55M | 7.05M | 6.76M |
| Deferred Tax Liabilities | 3.36M | 2.25M | 2.25M | 2.25M | 2.25M | 2.45M | 2.45M | 2.45M | 2.45M | 2.58M | 2.58M | 2.58M | 2.42M | 3.08M | 3.17M | 3.04M | 2.81M | 607K | 606K | 593K |
| Other Non-Current Liabilities | 2.27M | -10.26M | -9.99M | 1.59M | 1.98M | 2.58M | 2.18M | 1.19M | 0 | 0 | -1 | 47K | 47K | 1.27M | 1.21M | 1.17M | 1.34M | 808K | 2.12M | 1.83M |
| Total Liabilities | 317.9M | 375.87M | 177.43M | 184.75M | 168.24M | 173.62M | 181.04M | 162.91M | 158.37M | 141.74M | 148.52M | 161.95M | 163.87M | 177.85M | 191.74M | 177.62M | 171.12M | 134.62M | 125.37M | 123.24M |
| Total Debt | 224.7M | 224.5M | 146.19M | 141.92M | 129.12M | 142M | 146.55M | 130.59M | 125.2M | 113.56M | 120.97M | 135.93M | 137.52M | 149.06M | 160.23M | 147.98M | 143.99M | 116.29M | 104.59M | 102.72M |
| Net Debt | 204.37M | 182.32M | 128.65M | 127.46M | 123.18M | 123.54M | 137.94M | 121.88M | 118.1M | 109.08M | 115.05M | 130.27M | 131.71M | 142.55M | 150.76M | 138.45M | 138.37M | 110.45M | 102.11M | 95.64M |
| Debt / Equity | 2.78x | 38.07x | 20.01x | 26.82x | 23.32x | 10.14x | 9.12x | 10.39x | 6.66x | 5.40x | 5.20x | 5.38x | 5.35x | 4.32x | 4.69x | 4.16x | 3.95x | 3.99x | 3.46x | 4.69x |
| Debt / EBITDA | 87.40x | - | - | 82.03x | - | 45.17x | 30.23x | 713.58x | 57.88x | - | 82.86x | 100.84x | - | 121.09x | 132.86x | 87.30x | 16.46x | 248.48x | 101.84x | 273.20x |
| Net Debt / EBITDA | 79.49x | - | - | 73.68x | - | 39.30x | 28.45x | 666.01x | 54.60x | - | 78.80x | 96.64x | - | 115.80x | 125.01x | 81.68x | 15.82x | 236.01x | 99.43x | 254.36x |
| Interest Coverage | -0.61x | 0.21x | 4.21x | 0.65x | -2.95x | 0.65x | 2.53x | 1.05x | 0.25x | -0.28x | 0.40x | 1.10x | -3.60x | 0.98x | 0.04x | 0.67x | 4.96x | -0.19x | 7.89x | 1.34x |
| Total Equity | 80.88M | 5.9M | 7.31M | 5.29M | 5.54M | 14M | 16.08M | 12.57M | 18.8M | 21.04M | 23.26M | 25.24M | 25.69M | 34.52M | 34.19M | 35.59M | 36.48M | 29.18M | 30.27M | 21.88M |
| Equity Growth % | 1360.89% | -57.88% | -54.55% | -57.91% | -70.55% | -33.46% | -30.88% | -50.2% | -26.84% | -39.04% | -31.98% | -29.07% | -29.57% | 18.28% | 12.96% | 62.63% | 71.16% | 6.18% | 17.92% | -27.16% |
| Book Value per Share | 29.92 | 2.18 | 2.70 | 1.96 | 2.05 | 5.08 | 5.82 | 4.55 | 6.77 | 7.46 | 8.25 | 8.96 | 9.02 | 12.17 | 11.93 | 12.42 | 12.63 | 10.12 | 10.43 | 7.57 |
| Total Shareholders' Equity | 79.81M | -1.17M | 69K | -4.63M | -3.22M | 5.11M | 7.04M | 4.12M | 4.77M | 6.89M | 9.9M | 11.34M | 11.9M | 21.36M | 22.84M | 24.15M | 24.61M | 20.18M | 21.86M | 13.74M |
| Common Stock | 758K | 758K | 758K | 758K | 758K | 758K | 758K | 758K | 758K | 758K | 758K | 757K | 757K | 757K | 757K | 756K | 756K | 756K | 756K | 756K |
| Retained Earnings | 80.11M | 2.4M | 4.85M | 494K | 2.13M | 9.16M | 10.46M | 7.93M | 8.19M | 9.01M | 12.09M | 13.29M | 13.69M | 23.15M | 24.8M | 26.22M | 26.73M | 22.28M | 24.06M | 16.32M |
| Treasury Stock | 0 | -6.4M | -6.4M | -6.4M | -6.4M | -5.63M | -5.26M | -5.26M | -4.96M | -4.1M | -4.1M | -4.1M | -4.08M | -4M | -3.35M | -3M | -3M | -2.62M | -2.62M | -2.62M |
| Accumulated OCI | 4.25M | 1M | -162K | -465K | -647K | -79K | 204K | -186K | -80K | 231K | 241K | 583K | 816K | 800K | 68K | -300K | -263K | -555K | -576K | -723K |
| Minority Interest | 10.35M | 7.07M | 7.24M | 9.92M | 8.75M | 8.89M | 9.04M | 8.45M | 14.03M | 14.14M | 13.35M | 13.91M | 13.79M | 13.15M | 11.35M | 11.44M | 11.87M | 9M | 8.41M | 8.15M |