Mesa Air Group, Inc. (MESA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Total Current Assets | 114.63M | 133.44M | 163.58M | 160.71M | 61.28M | 84.91M | 98.44M | 150.28M | 138.59M | 181.13M | 117.12M | 102M | 98.33M | 95.42M | 119.96M | 138.29M | 158.39M | 222.36M | 197.09M | 236M |
| Cash & Short-Term Investments | 41.78M | 42.47M | 54.12M | 39.98M | 15.62M | 21.74M | 18.53M | 16.07M | 32.94M | 48.35M | 51.43M | 56.08M | 57.68M | 54.45M | 75.9M | 102.33M | 120.52M | 180.4M | 147.87M | 181.3M |
| Cash Only | 41.78M | 42.47M | 54.12M | 39.98M | 15.62M | 16.3M | 18.53M | 16.07M | 32.94M | 48.35M | 51.43M | 56.08M | 57.68M | 54.45M | 75.9M | 102.33M | 120.52M | 180.4M | 147.87M | 181.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 5.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 20.35M | 8.72M | 14.67M | 5.25M | 5.26M | 5.95M | 4.65M | 5.52M | 8.25M | 3.58M | 9.92M | 13.12M | 3.98M | 4.05M | 6.85M | 2.92M | 3.17M | 4.95M | 13.87M | 15.41M |
| Days Sales Outstanding | 81.93 | 34.32 | 56.53 | 18.56 | 16.67 | 19.61 | 12.9 | 16.95 | 26.34 | 11.4 | 29.73 | 32.53 | 11.56 | 11 | 20.29 | 7.21 | 8.84 | 14.43 | 52.03 | 37.41 |
| Inventory | 16.63M | 16.17M | 13.65M | 29.17M | 28.27M | 30.65M | 29.47M | 28.83M | 29.25M | 28.73M | 26.75M | 25.51M | 26.71M | 26.34M | 26.25M | 25.21M | 24.47M | 24.71M | 23.04M | 22.76M |
| Days Inventory Outstanding | 75.34 | 72.48 | 57.25 | 116.5 | 107.35 | 110.62 | 102.62 | 91.55 | 88.91 | 88.27 | 82.62 | 73.96 | 82.65 | 78.58 | 79.89 | 67.06 | 64.59 | 72.8 | 70.17 | 68.3 |
| Other Current Assets | 35.86M | 66.07M | 81.14M | 86.3M | 9.35M | 26.56M | 42.24M | 95.54M | 63.62M | 95.86M | 24M | 3.49M | 4.76M | 8.23M | 8.72M | 7.7M | 4.4M | 7.65M | 12.31M | 4.76M |
| Total Non-Current Assets | 44.31M | 45.21M | 51.38M | 222.86M | 535.58M | 586.67M | 607.84M | 625.35M | 759.88M | 780.88M | 938.24M | 1.06B | 1.02B | 1.22B | 1.23B | 1.3B | 1.3B | 1.3B | 1.32B | 1.32B |
| Property, Plant & Equipment | 38.3M | 39.74M | 44.48M | 210.68M | 434.87M | 513.66M | 538.84M | 545.05M | 709.36M | 722.28M | 881.31M | 959.22M | 914.43M | 1.15B | 1.15B | 1.25B | 1.25B | 1.27B | 1.29B | 1.31B |
| Fixed Asset Turnover | 2.37x | 2.33x | 2.13x | 0.49x | 0.27x | 0.22x | 0.24x | 0.22x | 0.16x | 0.16x | 0.14x | 0.15x | 0.14x | 0.12x | 0.11x | 0.12x | 0.10x | 0.10x | 0.08x | 0.11x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.84M | 6.03M | 6.28M | 6.54M | 6.79M | 7.1M | 7.41M | 7.72M |
| Long-Term Investments | 4.24M | 350K | 300K | 300K | 300K | 300K | 11.4M | 23.02M | 20.32M | 18.19M | 15.33M | 13.41M | 15.18M | 16.59M | 19.9M | 19M | 25.15M | 0 | 0 | 0 |
| Other Non-Current Assets | 1.45M | 5.12M | 6.6M | 11.88M | 100.41M | 72.71M | 57.6M | 57.28M | 30.2M | 40.41M | 41.6M | 84.89M | 83.82M | 56.48M | 54.79M | 16.02M | 14.47M | 25.32M | 20.65M | 514K |
| Total Assets | 158.93M | 178.65M | 214.95M | 383.56M | 596.86M | 664.37M | 706.27M | 775.63M | 898.47M | 962M | 1.06B | 1.16B | 1.12B | 1.32B | 1.35B | 1.43B | 1.46B | 1.53B | 1.52B | 1.55B |
| Asset Turnover | 0.57x | 0.52x | 0.44x | 0.27x | 0.19x | 0.17x | 0.19x | 0.15x | 0.13x | 0.12x | 0.12x | 0.13x | 0.11x | 0.10x | 0.09x | 0.10x | 0.09x | 0.08x | 0.06x | 0.10x |
| Asset Growth % | -73.37% | -73.11% | -69.57% | -50.55% | -33.57% | -30.94% | -33.08% | -33.11% | -19.46% | -27.13% | -22.02% | -19.17% | -23.41% | -13.43% | -10.94% | -7.74% | -3.02% | 1.99% | 0.52% | 0.83% |
| Total Current Liabilities | 169.96M | 174.62M | 202.04M | 253.08M | 174.46M | 187.49M | 196.8M | 253.89M | 267.91M | 222.11M | 242.09M | 186.28M | 214.48M | 240.27M | 249.37M | 250.38M | 258.19M | 275.99M | 261.42M | 287.9M |
| Accounts Payable | 57.48M | 50.13M | 55.97M | 60.93M | 72.1M | 64.41M | 57.35M | 54.45M | 58.96M | 51.92M | 48.48M | 51.26M | 59.39M | 66.81M | 76.73M | 62.93M | 61.48M | 52.84M | 70.01M | 47.58M |
| Days Payables Outstanding | 260.42 | 224.67 | 234.78 | 243.34 | 273.76 | 232.45 | 199.67 | 172.91 | 179.23 | 159.49 | 149.72 | 148.61 | 183.73 | 199.31 | 233.5 | 167.43 | 162.29 | 155.67 | 213.18 | 142.76 |
| Short-Term Debt | 68.01M | 84.72M | 98.6M | 143.28M | 50.45M | 72.77M | 94.37M | 156.79M | 163.55M | 124.34M | 145.05M | 88.8M | 97.22M | 112.78M | 111.67M | 111.06M | 111.71M | 107.73M | 103.98M | 99.75M |
| Deferred Revenue (Current) | 5.64M | 5.76M | 6.23M | 5.92M | 5.12M | 4.44M | 2.81M | 3.98M | 4.88M | 6.4M | 5.17M | 1.2M | 385K | 726K | 2.67M | 5.53M | 6.3M | 6.49M | 4.36M | 51.25M |
| Other Current Liabilities | 19.43M | 17.34M | 19.12M | 15.54M | 21.29M | 20.38M | 21.75M | 16.27M | 18.22M | 16.52M | 18.49M | 17.96M | 17.68M | 15.89M | 15.47M | 13.47M | 19.32M | 44.5M | 16.17M | 13.17M |
| Current Ratio | 0.67x | 0.76x | 0.81x | 0.64x | 0.35x | 0.45x | 0.50x | 0.59x | 0.52x | 0.82x | 0.48x | 0.55x | 0.46x | 0.40x | 0.48x | 0.55x | 0.61x | 0.81x | 0.75x | 0.82x |
| Quick Ratio | 0.58x | 0.67x | 0.74x | 0.52x | 0.19x | 0.29x | 0.35x | 0.48x | 0.41x | 0.69x | 0.37x | 0.41x | 0.33x | 0.29x | 0.38x | 0.45x | 0.52x | 0.72x | 0.67x | 0.74x |
| Cash Conversion Cycle | -103.15 | -117.88 | -121 | -108.28 | -149.74 | -102.22 | -84.15 | -64.41 | -63.99 | -59.83 | -37.36 | -42.12 | -89.52 | -109.73 | -133.31 | -93.16 | -88.86 | -68.45 | -90.98 | -37.06 |
| Total Non-Current Liabilities | 41.62M | 45.32M | 75.32M | 134.52M | 312.16M | 341.98M | 354.8M | 379.13M | 430.52M | 511.99M | 538.05M | 673.47M | 592.95M | 656.88M | 671.44M | 709.64M | 710.36M | 754.36M | 767.32M | 782.62M |
| Long-Term Debt | 27.01M | 28.25M | 31.65M | 83.79M | 259.82M | 287.75M | 299.04M | 315.46M | 364.73M | 441.94M | 463.65M | 597.82M | 502.52M | 523.23M | 521.46M | 547.41M | 539.7M | 585.76M | 600.06M | 624.12M |
| Capital Lease Obligations | 6.43M | 6.87M | 6.89M | 6.48M | 7.91M | 7.46M | 8.36M | 8.76M | 9.13M | 10.02M | 9.51M | 10.58M | 17.78M | 27.08M | 36.44M | 41.69M | 40.35M | 35.01M | 38.41M | 53.57M |
| Deferred Tax Liabilities | 0 | 575K | 596K | 5.21M | 8.17M | 8.06M | 8.91M | 8.84M | 8.41M | 11.56M | 14.51M | 16.7M | 17.72M | 50.8M | 53.28M | 65.72M | 69.94M | 72.31M | 70.93M | 69.11M |
| Other Non-Current Liabilities | 1.86M | 1.84M | 26.97M | 28.71M | 30.55M | 30.75M | 31.14M | 32M | 32.09M | 32.15M | 31.08M | 30.76M | 31.25M | 33.77M | 33.4M | 30.04M | 32.17M | 32.02M | 28.43M | 9.32M |
| Total Liabilities | 211.57M | 219.93M | 277.36M | 387.6M | 486.62M | 529.48M | 551.6M | 633.02M | 698.43M | 734.1M | 780.14M | 859.74M | 807.43M | 897.15M | 920.82M | 960.02M | 968.55M | 1.03B | 1.03B | 1.07B |
| Total Debt | 103.1M | 121.53M | 138.68M | 234.97M | 319.87M | 370.19M | 404.11M | 484.25M | 541.01M | 580.77M | 623.86M | 702.55M | 634.85M | 679.94M | 686.17M | 727.1M | 727.73M | 765.55M | 786.46M | 822.14M |
| Net Debt | 61.32M | 79.06M | 84.56M | 195M | 304.24M | 353.89M | 385.58M | 468.18M | 508.07M | 532.43M | 572.43M | 646.48M | 577.16M | 625.49M | 610.27M | 624.76M | 607.21M | 585.16M | 638.59M | 640.84M |
| Debt / Equity | - | - | - | - | 2.90x | 2.74x | 2.61x | 3.40x | 2.70x | 2.55x | 2.27x | 2.34x | 2.06x | 1.61x | 1.59x | 1.53x | 1.49x | 1.55x | 1.60x | 1.70x |
| Debt / EBITDA | 250.85x | 37.62x | - | - | - | 526.59x | 18.83x | - | - | - | - | 39.80x | - | 33.47x | - | 42.67x | 28.18x | 21.68x | 20.99x | 17.33x |
| Net Debt / EBITDA | 149.19x | 24.47x | - | - | - | 503.40x | 17.96x | - | - | - | - | 36.63x | - | 30.79x | - | 36.66x | 23.51x | 16.57x | 17.04x | 13.51x |
| Interest Coverage | -0.65x | -0.04x | -10.73x | -15.68x | -2.23x | -1.00x | 1.09x | -4.34x | -1.49x | -3.35x | -2.06x | 0.22x | -13.42x | 0.02x | -5.51x | -0.50x | 0.62x | 1.67x | 1.91x | 2.97x |
| Total Equity | -52.64M | -41.28M | -62.41M | -4.04M | 110.24M | 134.89M | 154.67M | 142.61M | 200.04M | 227.9M | 275.22M | 299.77M | 308.17M | 423.04M | 432.54M | 474.47M | 488.05M | 494.67M | 490.84M | 484.3M |
| Equity Growth % | -147.75% | -130.61% | -140.35% | -102.83% | -44.89% | -40.81% | -43.8% | -52.43% | -35.09% | -46.13% | -36.37% | -36.82% | -36.86% | -14.48% | -11.88% | -2.03% | 6.59% | 11.04% | 11.21% | 10.52% |
| Book Value per Share | -1.26 | -0.99 | -1.51 | -0.10 | 2.67 | 3.27 | 3.77 | 3.48 | 4.89 | 5.60 | 6.89 | 8.24 | 8.48 | 11.69 | 12.00 | 13.19 | 13.59 | 12.52 | 12.45 | 13.22 |
| Total Shareholders' Equity | -52.64M | -41.28M | -62.41M | -4.04M | 110.24M | 134.89M | 154.67M | 142.61M | 200.04M | 227.9M | 275.22M | 299.77M | 308.17M | 423.04M | 432.54M | 474.47M | 488.05M | 494.67M | 490.84M | 484.3M |
| Common Stock | 273.34M | 273.18M | 272.92M | 272.65M | 272.38M | 272.1M | 271.98M | 271.58M | 271.15M | 270.67M | 270.43M | 259.86M | 259.18M | 258.4M | 257.92M | 257.07M | 256.37M | 255.5M | 255.95M | 255.09M |
| Retained Earnings | -325.98M | -314.47M | -335.32M | -276.69M | -162.13M | -137.22M | -117.31M | -128.97M | -71.12M | -42.77M | 4.79M | 39.91M | 49M | 164.63M | 174.62M | 217.4M | 231.68M | 239.17M | 234.89M | 229.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |