AIRT - Intrinsic Value and Financial Analysis - Air T, Inc.

Air T, Inc. AIRT

Industrials - Integrated Freight & Logistics - NASDAQ - US

Watchlist

$ 17.37

-8.1 %

$ 47.9 M

Market Cap

-7.39

P/E

BALANCE SHEET

177 M ASSETS

Growth Rates

1Year -6.54%

3Years 7.97%

5Years 9.00%

7Years 15.32%

10Years 16.89%

158 M LIABILITIES

Growth Rates

1Year -3.36%

3Years 9.86%

5Years 12.91%

7Years 20.99%

10Years 32.00%

4.77 M EQUITY

Growth Rates

1Year -59.93%

3Years -29.69%

5Years -27.83%

7Years -20.11%

10Years -16.03%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Air T, Inc.

177 M ASSETS
158 M LIABILITIES

Current Assets	103 M
Cash & Short-Term Investments	7.1 M
Receivables	26 M
Other Current Assets	69.8 M
Non-Current Assets	74.3 M
Long-Term Investments	16.7 M
PP&E	32.2 M
Other Non-Current Assets	25.4 M

Current Liabilities	46.8 M
Accounts Payable	15.1 M
Short-Term Debt	17.9 M
Other Current Liabilities	13.9 M
Non-Current Liabilities	112 M
Long-Term Debt	109 M
Other Non-Current Liabilities	2.45 M

Balance Sheet

Millions

	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019	Mar-2018	Mar-2017	Mar-2016	Mar-2015	Mar-2014	Mar-2013	Mar-2012	Mar-2011	Mar-2010	Mar-2009	Mar-2008	Mar-2007	Mar-2006	Mar-2005	Mar-2004	Mar-2003	Mar-2002	Mar-2001	Mar-2000	Mar-1999	Mar-1998	Mar-1997	Mar-1996	Mar-1995	Mar-1994	Mar-1993	Mar-1992	Mar-1991	Mar-1990	Mar-1989	Mar-1988
ASSETS
Cash & Cash Equivalents	7.1	5.8	5.6	11.0	6.0	12.5	4.8	2.8	5.3	14.2	3.8	9.2	5.8	6.5	9.8	6.9	51.9 K	2.9	2.7	3.5	0.5	79.7 K	31.8 K	97.8 K	0.1	0.3	0.2	2.4	2.2	3.4	1.7	1.4	0.6	100 K	100 K	0.2	100 K
Short Term Investments	1.4	2.2	0.9	1.4	1.7	1.8	0.3	2.1	4.9	5.3	1.5	0	0	51 K	2.3	1.0	2.0	0.9	0.8	0.8	0.8	1.1	1.0	0.9	1.3	2.1	2.6	2.2	1.9	0	0	0	0	0	0	0	0
Receivables	26.0	28.7	32.1	10.9	14.3	11.0	19.4	21.6	13.6	10.5	12.6	12.1	9.7	11.8	6.6	6.7	12.3	7.7	8.9	8.0	5.2	6.2	5.9	11.3	8.2	7.0	6.7	3.3	3.1	3.4	3.0	2.8	1.2	1.3	2.2	2.5	1.5
Inventory	60.7	71.1	75.2	72.0	60.6	30.0	34.2	19.8	12.3	7.8	12.2	8.2	14.5	11.5	6.8	9.8	8.0	8.1	5.7	6.1	6.5	6.3	9.9	10.8	9.7	6.9	5.3	1.1	0.7	0.3	100 K	100 K	100 K	0.2	0.2	0.5	0.4
Other Current Assets	9.1	9.2	14.5	10.5	16.0	18.7	3.0	2.6	2.8	1.7	1.1	1.0	1.2	0.8	0.8	0.9	1.1	1.1	0.9	0.6	1.4	3.1	0.9	0.6	0.5	0.6	0.3	0.4	0.6	0.4	0.6	100 K	0.2	0.7	0.8	1.7	1.1
Total Current Assets	102.9	116.6	128.2	105.8	98.5	71.3	61.7	48.9	39.0	38.7	31.2	30.5	31.2	30.7	26.3	25.3	23.4	20.6	19.0	19.0	14.4	16.8	17.7	23.7	19.9	16.9	15.1	9.5	8.5	7.5	5.4	4.4	2.1	2.3	3.3	4.9	3.1
PP&E	32.2	33.2	43.1	18.4	41.3	30.0	20.3	5.3	4.6	2.6	4.0	3.5	1.9	1.2	1.3	1.6	1.8	2.3	3.2	3.2	3.3	2.3	3.5	3.3	2.6	2.9	2.3	1.5	1.6	2.0	1.4	0.9	0.8	0.5	0.4	0.4	10.8
Intangible Assets	11.0	12.1	13.3	1.6	0.7	1.2	1.3	1.4	1.1	0	0	0	0	0	0	0	0	0	0	0	79.7 K	0.2	0.3	0.4	0.4	0.5	0.4	0	33.8 K	0.4	0.8	1.4	1.9	2.0	2.1	2.4	2.5
Goodwill	10.5	10.6	10.1	4.2	4.2	4.4	4.4	4.4	0.3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	16.7	13.2	9.9	4.5	6.0	6.7	6.4	2.5	4.7	0	0	0	0	0	0	0	0	1.3	1.2	1.2	1.1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	1.4	1.5	0.2	7.3	30 K	0.9	(88.9)	2.7	(288.5)	(275.8)	(207.9)	(407.9)	(428.0)	2.0	1.6	1.8	1.6	0.3	81.5 K	54.6 K	0.5	0.9	0.8	0.7	0.6	0.4	0.4	0.2	0.1	0.3	1.0	0.4	0	100 K	0.2	3.4	0.2
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	177.2	189.6	207.6	140.8	151.4	115.1	97.1	65.3	52.2	43.5	37.2	36.1	35.1	34.2	29.6	29.3	27.3	24.6	23.9	24.1	19.6	21.3	22.9	28.5	23.9	20.9	18.3	11.1	10.2	10.2	8.6	7.1	4.8	4.9	6.0	11.1	16.6
LIABILITIES
Accounts Payable	15.1	10.4	9.4	8.3	10.9	11.4	10.2	11.6	7.0	4.7	6.4	5.7	6.0	6.1	2.6	3.0	5.6	5.3	5.4	6.1	3.5	4.4	3.5	8.9	7.5	4.3	4.0	0.8	1.0	1.6	0.7	1.2	0.6	1.1	0	0	0
Short Term Debt	17.9	42.1	9.4	8.4	45.0	24.7	9.2	25 K	1.9	0	0	0	0	16.5 K	13.6 K	0.5	0.1	0.1	0.2	0.2	94.8 K	0.2	1.4	0.7	4.1	4.0	1.0	0	5.98 K	0	0	0.2	0.4	0.7	1.1	2.7	2.3
Other Current Liabilities	8.2	11.5	11.9	11.4	11.8	14.1	11.6	8.2	6.8	3.5	2.6	2.1	2.0	1.8	2.1	4.1	2.5	2.2	2.4	2.2	2.3	2.3	1.2	1.6	1.1	1.7	1.8	1.7	1.6	1.5	1.1	1.2	0.9	0.8	3.3	3.8	3.5
Total Current Liabilities	46.8	64.3	30.9	28.2	67.7	52.8	31.2	20.3	15.7	8.2	9.0	7.9	8.0	8.0	4.7	7.6	8.3	7.9	8.0	8.5	6.1	7.2	6.5	11.4	13.1	9.9	7.5	2.9	2.8	3.1	1.8	2.6	1.9	2.6	4.4	6.5	5.8
Long Term Debt	109.1	97.1	136.1	88.9	50.6	40.4	38.9	18.4	4.84 K	5.0	0	0	0	0	7.07 K	37.2 K	0.5	0.7	0.8	1.1	0.2	2.4	3.5	5.4	72.9 K	23.9 K	30.9 K	0	3.65 K	0	0	100 K	0.2	0.5	0.8	4.2	6.8
Deferred Tax Income	2.4	2.4	2.8	0.6	0.6	0	92 K	8 K	0.5	0.4	0.8	69 K	64 K	0	0	0	0	(711.4)	(758.0)	29.5 K	0	50.1 K	0	(0.1)	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	47 K	1.3	1.7	1.4	(6.9)	0.8	3.0	0.6	0	0	0	0	0	0	18.6 K	0.8	0	0	1.5	0	0	0	0	1.5	1.3	1.1	0	3.65 K	0	0.2	100 K	100 K	0	100 K	100 K	0
Total Liabilities	158.4	163.9	171.1	119.4	120.3	86.3	70.9	41.7	16.9	13.7	9.9	7.9	8.0	8.0	4.7	7.6	9.6	9.2	9.4	11.0	7.9	11.7	11.8	18.4	14.7	11.2	8.6	2.9	2.8	3.1	2.0	2.6	2.0	3.1	5.3	10.8	12.6
EQUITY
Common Stock	0.8	0.8	0.8	0.8	0.8	0.5	0.5	0.5	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0	0	0	0	0	0
Retained Earnings	8.2	13.7	26.7	16.3	23.8	21.2	20.7	18.5	29.4	24.4	21.9	21.2	20.1	19.4	18.1	15.1	11.5	8.7	6.8	5.5	4.1	2.5	4.1	3.2	2.2	2.1	1.9	0.5	(0.6)	(1.5)	(2.4)	(4.5)	(6.3)	(7.4)	(8.5)	(8.9)	(5.2)
Other Accumulative Comprehensive Income/Loss	80 K	0.8	(0.3)	(0.7)	(0.5)	(0.2)	(0.3)	(0.2)	(0.1)	(0.1)	7.78 K	(7.6)	(6.9)	(6.8)	(6.6)	0	41.5 K	0.1	52.5 K	25.3 K	43.3 K	(0.5)	(0.5)	(0.5)	(0.6)	(0.2)	(2.4)	(1.9)	(1.7)	(1.3)	(0.9)	(0.7)	(0.6)	(0.4)	(0.5)	(0.3)	(1.7)
Total Equity	18.8	25.7	36.5	21.3	31.1	28.8	26.2	23.6	35.3	29.8	27.4	28.1	27.1	26.2	24.9	21.8	17.7	15.4	14.5	13.1	11.7	9.6	11.1	10.2	9.3	9.6	9.7	8.3	7.4	7.1	6.6	4.5	2.8	1.8	0.7	0.3	4.0
Total Liabilities and Equity	177.2	189.6	207.6	140.8	151.4	115.1	97.1	65.3	52.2	43.5	37.2	36.1	35.1	34.2	29.6	29.3	27.3	24.6	23.9	24.1	19.6	21.3	22.9	28.5	23.9	20.9	18.3	11.1	10.2	10.2	8.6	7.1	4.8	4.9	6.0	11.1	16.6
SHARES OUTSTANDING
Common Shares Outstanding	2.8	2.8	2.9	2.9	2.8	3.1	3.1	3.2	3.6	3.5	3.6	3.7	3.7	3.6	3.6	3.6	3.7	4.0	4.0	4.0	4.1	4.1	4.1	4.1	4.2	4.0	4.0	3.9	4.2	5.0	5.0	4.9	4.5	4.2	4.0	4.8	4.5

Balance Sheet

Premium Plan

Unlimited Plan