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AIR T INC (AIRT)

AIR T INC (AIRT)

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Balance Sheets Overview

Current Ratio
142.85%
Quick Ratio
61.49%
Cash Ratio
15.06%
Debt to Asset Ratio
82.27%
Unit: Thousand (K) dollars
Assets Breakdown
    • Property and equipment, net of a...
    • Accounts receivable, net of allo...
    • Right-of-use ('rou') assets
    • Others
Liabilities Breakdown
    • Long-term debt
    • Retained earnings
    • Accrued expenses and other (note...
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
16,667
-
37,367
17,458
Marketable securities
1,247
-
595
1,102
Restricted cash
4,987
-
4,813
80
Restricted investments
-
-
721
0
Accounts receivable, net of allowance for doubtful accounts of 1,706 and 1,614
33,304
-
43,181
18,637
Income tax receivable
676
-
94
174
Inventories, net
90,056
-
65,412
46,626
Prepaid expenses
6,710
-
3,416
3,555
Other current assets
4,475
-
5,464
8,175
Total current assets
158,122
159,976
161,063
95,807
Notes receivable-Nonrelated Party
-
-
3,250
3,250
Notes receivable-Related Party
-
-
1,160
1,527
Assets on lease or held for lease, net of accumulated depreciation of 60 and 1,451
-
0
0
0
Notes receivable-Crestone Asset Management LLC-Nonrelated Party
0
-
-
-
Notes receivable-Bloomia-Related Party
0
-
-
-
Notes receivable
8,292
-
-
-
Property and equipment, net of accumulated depreciation of 27,446 and 18,571
175,185
162,024
136,359
19,897
Intangible assets, net of accumulated amortization of 8,667 and 8,046
57,083
13,029
13,894
10,418
Right-of-use ('rou') assets
17,380
14,594
15,175
12,269
Equity method investments
27,858
26,068
33,580
27,866
Deferred income tax assets, net
266
-
-
-
Goodwill
19,592
11,818
11,905
11,902
Other assets
5,285
7,568
5,379
1,805
Total assets
469,063
409,123
381,765
184,741
Accounts payable
41,017
36,971
15,997
15,771
Income tax payable
-
687
1,026
1,163
Income taxes payable
977
-
-
-
Accrued expenses and other (note 4)
55,766
49,717
46,518
22,055
Current portion of long-term debt-Nonrelated Party
9,046
3,633
3,686
3,447
Current portion of long-term debt-Related Party
0
915
1,277
1,460
Current portion of earnout liabilities
0
198
0
0
Deferred credit - preliminary bargain purchase gain
-
-
95,840
-
Short-term lease liabilities
3,888
3,403
3,338
2,551
Total current liabilities
110,694
95,524
167,682
46,447
Long-term debt-Nonrelated Party
-
204,563
190,543
114,979
Long-term debt-Related Party
-
0
0
2,421
Long-term debt
237,290
-
-
-
Deferred income tax liabilities, net
9,329
3,359
2,249
2,249
Long-term lease liabilities
14,553
12,189
12,827
10,665
Long-term earnout liabilities
12,388
244
442
442
Other non-current liabilities
1,651
2,023
2,125
231
Total liabilities
385,905
317,902
375,868
177,434
Redeemable non-controlling interests
16,291
10,346
8,045
8,220
Preferred stock, 1.00 par value, 4,000,000 shares authorized
0
0
0
0
Common stock, 0.25 par value 4,000,000 shares authorized, 3,030,245 shares issued, 2,691,664 and 2,701,375 shares outstanding
758
758
758
758
Treasury stock, 338,581 shares at 19.63 and 328,870 shares at 19.56
6,648
6,432
6,404
6,404
Additional paid-in capital
1,687
1,122
1,076
1,028
Retained earnings
64,304
80,113
2,398
4,849
Accumulated other comprehensive income
5,099
4,249
1,002
-162
Total air t, inc. stockholders' equity
65,200
79,810
-1,170
69
Non-controlling interests
1,667
1,065
-978
-982
Total equity
66,867
80,875
-2,148
-913
Total liabilities and equity
469,063
409,123
381,765
184,741
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Inventories, net$90,056K (125.78%↑ Y/Y)Accounts receivable, netof allowance for...$33,304K (35.20%↑ Y/Y)Cash and cashequivalents$16,667K (15.26%↑ Y/Y)Prepaid expenses$6,710K (76.07%↑ Y/Y)Restricted cash$4,987K (872.12%↑ Y/Y)Other current assets$4,475K (-39.29%↓ Y/Y)Marketable securities$1,247K (157.11%↑ Y/Y)Income tax receivable$676K (-33.46%↓ Y/Y)Property and equipment,net of accumulated...$175,185K (770.87%↑ Y/Y)Total current assets$158,122K (70.15%↑ Y/Y)Intangible assets, net ofaccumulated amortization of...$57,083K (446.88%↑ Y/Y)Equity methodinvestments$27,858K (39.99%↑ Y/Y)Goodwill$19,592K (64.60%↑ Y/Y)Right-of-use ('rou') assets$17,380K (34.75%↑ Y/Y)Notes receivable$8,292K Other assets$5,285K (174.40%↑ Y/Y)Deferred income taxassets, net$266K Total assets$469,063K (146.83%↑ Y/Y)Total liabilities andequity$469,063K (146.83%↑ Y/Y)Total liabilities$385,905K (108.89%↑ Y/Y)Total equity$66,867K (2391.54%↑ Y/Y)Redeemablenon-controlling interests$16,291K (98.43%↑ Y/Y)Long-term debt$237,290K Total currentliabilities$110,694K (125.67%↑ Y/Y)Long-term leaseliabilities$14,553K (28.87%↑ Y/Y)Long-term earnoutliabilities$12,388K (1654.67%↑ Y/Y)Deferred income taxliabilities, net$9,329K (314.81%↑ Y/Y)Other non-currentliabilities$1,651K (86.34%↑ Y/Y)Total air t, inc.stockholders' equity$65,200K (1508.21%↑ Y/Y)Non-controlling interests$1,667K (-2.63%↓ Y/Y)Treasury stock, 338,581shares at 19.63 and...$6,648K (3.81%↑ Y/Y)Accrued expenses andother (note 4)$55,766K (170.41%↑ Y/Y)Accounts payable$41,017K (128.74%↑ Y/Y)Current portion oflong-term...$9,046K (48.78%↑ Y/Y)Short-term leaseliabilities$3,888K (52.17%↑ Y/Y)Income taxes payable$977K Retained earnings$64,304K (12917.00%↑ Y/Y)Accumulated othercomprehensive income$5,099K (1196.56%↑ Y/Y)Additional paid-in capital$1,687K (70.92%↑ Y/Y)Common stock, 0.25 parvalue 4,000,000...$758K (0.00%↑ Y/Y)