What are Air T's total assets?

Air T (AIRT) holds $409.1M in total assets, up 135.4% year over year.

How much debt does Air T have?

Air T carries $15.6M in total debt against $79.8M of shareholders' equity, a debt-to-equity ratio of 0.20.

How much cash does Air T have?

Air T holds $20.3M in cash and equivalents.

Can Air T cover its short-term obligations?

Its current ratio is 1.67 — current assets exceed current liabilities.

Where does Air T's balance sheet data come from?

Every line is extracted from Air T's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Air T AIRT Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Cash and cash equivalents	$20.33M+201%	$6.76M-13.8%	$7.84M+10.6%	$7.09M-15.3%
Short-term investments	$1.03M+143%	$422K-20.5%	$531K—	$0-100%
Restricted cash	$4.94M+759%	$575K-22.6%	$743K-42.1%	$1.28M-53.3%
Accounts receivable, net	$39.89M+66.8%	$23.92M+4.4%	$22.91M-15.8%	$27.22M+38.3%
Inventories	$77.13M+77.6%	$43.42M-33.5%	$65.33M-12.6%	$74.74M-4.5%
Raw materials	——	$6.93M—	——	——
Work in process	——	$2.34M—	——	——
Finished goods	——	$5.36M—	——	——
Income taxes receivable	$196K-71.2%	$681K+21.4%	$561K+4.7%	$536K-83.4%
Total current assets	$159.98M+104%	$78.51M-23.7%	$102.88M-11.7%	$116.56M-9.1%
Property and equipment, net	$162.02M+699%	$20.29M-2.8%	$20.86M-2.7%	$21.44M+1.1%
Accumulated depreciation	——	$9.24M+19.9%	$7.71M+16.3%	$6.62M+22.6%
Operating lease right-of-use assets	$14.59M+9.9%	$13.27M+16.7%	$11.38M-2.5%	$11.67M+58.6%
Goodwill	$11.82M+12.1%	$10.54M0.0%	$10.54M-0.2%	$10.56M+4.3%
Intangible assets, net	$13.03M+30.0%	$10.02M-8.7%	$10.98M-9.3%	$12.1M-8.7%
Other non-current assets	$7.57M+363%	$1.64M-55.0%	$3.63M-7.4%	$3.92M+29.4%
Equity method investments	$26.07M+37.2%	$19M+14.1%	$16.65M+25.9%	$13.23M+34.1%
Total assets	$409.12M+135%	$173.78M-1.9%	$177.17M-6.5%	$189.56M-8.7%
Accounts payable	$36.97M+108%	$17.78M+18.0%	$15.07M+44.2%	$10.45M+11.2%
Accrued expenses	$49.72M+198%	$16.69M+6.7%	$15.65M+19.2%	$13.13M-1.9%
Accrued compensation	——	$6.24M+17.7%	$5.3M+11.5%	$4.75M+12.2%
Current portion of long-term debt	——	——	——	——
Operating lease liabilities, current	$3.4M+43.2%	$2.38M+35.0%	$1.76M+5.8%	$1.66M+15.3%
Contract liabilities	——	$4.2M-3.7%	$4.36M-12.8%	$5M+5.8%
Income taxes payable	$687K—	$0-100%	$139K-54.3%	$304K+56.7%
Deposits	——	$513K-63.4%	$1.4M-45.2%	$2.56M-13.2%
Claims and insurance accruals	——	$1.34M—	——	——
Total current liabilities	$95.52M+100%	$47.66M+1.8%	$46.84M-27.1%	$64.29M+108%
Long-term debt	——	$110.33M-2.3%	$112.93M-9.7%	$125.09M-7.9%
Operating lease liabilities, non-current	$12.19M+2.9%	$11.84M+12.6%	$10.52M-2.4%	$10.77M+59.9%
Operating Lease Liabilities (Total)	$15.59M+9.6%	$14.22M+15.8%	$12.28M-1.3%	$12.44M+52.1%
Other non-current liabilities	$2.02M+134%	$866K—	$0-100%	$47K-96.5%
Total liabilities	$317.9M+89.0%	$168.24M+6.2%	$158.37M-3.4%	$163.87M-4.2%
Preferred stock	$0—	$0—	$0—	$0—
Common stock	$758K0.0%	$758K0.0%	$758K+0.1%	$757K+0.1%
Additional paid-in capital	$1.12M+18.5%	$947K+10.2%	$859K+18.0%	$728K+85.2%
Retained earnings	$80.11M+3,661%	$2.13M-74.0%	$8.19M-40.1%	$13.69M-48.8%
Accumulated other comprehensive income (loss)	$4.25M+757%	-$647K-709%	-$80K-110%	$816K+410%
Treasury stock	$6.43M+0.4%	$6.4M+29.1%	$4.96M+21.5%	$4.08M+36.0%
Redeemable noncontrolling interests	$10.35M+46.7%	$7.05M-45.6%	$12.98M+2.1%	$12.71M+18.1%
Noncontrolling interests	$1.07M-37.3%	$1.7M+61.7%	$1.05M-2.6%	$1.08M-2.4%
Total stockholders' equity	$79.81M+2,582%	-$3.22M-167%	$4.77M-59.9%	$11.9M-51.6%
Total liabilities and stockholders' equity	$409.12M+135%	$173.78M-1.9%	$177.17M-6.5%	$189.56M-8.7%
Allowance for Doubtful Accounts	——	$1.34M-5.8%	$1.42M+22.4%	$1.16M-15.2%
Allowance for Doubtful Accounts Receivable (Current)	——	$1.34M-5.8%	$1.42M+22.4%	$1.16M-15.2%
Short- term Investments	$1.03M+143%	$422K-20.5%	$531K—	$0-100%
Other current assets	$7.62M+62.8%	$4.68M+34.6%	$3.48M—	——
Short-term restricted investments	$0-100%	$683K-50.9%	$1.39M-35.6%	$2.16M+27.8%
Other Inventory, Net	——	$4.91M+6.5%	$4.61M+27.5%	$3.61M+15.7%
Accumulated Goodwill Impairment Losses	——	$376K—	——	——
Deferred Tax Assets and Other Non-Current Assets	$7.57M+363%	$1.64M-55.0%	$3.63M-7.4%	$3.92M+29.4%
Accumulated Amortization on Finance Lease Assets	——	$1.45M+18,038%	$8K-96.4%	$223K-71.4%
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	——	——	——	——
Finite Lived Intangible Assets - Gross	——	$16.28M+2.0%	$15.96M-1.8%	$16.25M+2.5%
Indefinite-Lived Intangible Assets	——	$70K-50.4%	$141K+253%	$40K-88.3%
Indefinite-Lived Intangible Assets, Gross	——	$70K-50.4%	$141K+253%	$40K-88.3%
Indefinite-Lived Research and Development Assets	——	$70K-50.4%	$141K+253%	$40K-88.3%
Indefinite-Lived Trademarks	——	$70K-50.4%	$141K+253%	$40K-88.3%
Intangible Assets Gross (Excluding Goodwill)	——	$16.35M+1.6%	$16.1M-1.2%	$16.29M+0.5%
Net Investment in Lease	$14.59M+9.9%	$13.27M+16.7%	$11.38M-2.5%	$11.67M+58.6%
Intangible assets — net	——	$9.95M-8.2%	$10.84M-10.2%	$12.06M-6.6%
Other intangible assets—net	$13.03M+30.0%	$10.02M-8.7%	$10.98M-9.3%	$12.1M-8.7%
Operating lease right-of-use assets	$14.59M+9.9%	$13.27M+16.7%	$11.38M-2.5%	$11.67M+58.6%
Other non-current assets	$7.57M+363%	$1.64M-55.0%	$3.63M-7.4%	$3.92M+29.4%
Operating Lease Right-of-Use Assets in Other Assets	$14.59M+9.9%	$13.27M+16.7%	$11.38M-2.5%	$11.67M+58.6%
Software and Technology Licenses, Net	$7.57M+363%	$1.64M-55.0%	$3.63M-7.4%	$3.92M+29.4%
Other Commercial Liabilities	$49.72M+198%	$16.69M+6.7%	$15.65M+19.2%	$13.13M-1.9%
Accrued Liabilities, Current	$49.72M+198%	$16.69M+6.7%	$15.65M+19.2%	$13.13M-1.9%
Deferred credit - preliminary bargain purchase gain	——	$0—	——	——
Current portion of earnout liability	$198K-54.0%	$430K—	$0—	——
Current portion of accrued product warranty	——	$186K—	——	——
Derivative Liabilities - Fair Value	——	——	——	——
Lease Liability Payments - 2020 (Remaining Three Months)	——	——	——	——
Operating Lease Liability Payments - 2024 (Lessee)	——	——	——	——
Operating Lease Liability Payments - 2025 (Lessee)	——	——	——	——
Lease Liability Payments - Due Year Two	——	——	——	——
Lease Liability Payments - Due Year Three	——	——	——	——
Lease Liability Payments - Due Year Four	——	——	——	——
Lease Liability Payments - Remainder of Fiscal Year	——	——	——	——
Operating Lease Liability Payments Due	——	——	——	——
Operating Lease Liability - Undiscounted Excess Amount	——	——	——	——
Standard Product Warranty Accrual	——	$186K—	——	——
Debt Maturity - 2024	——	——	——	——
Debt Maturity - 2027	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	——	$379K-28.9%	$533K-35.7%	$829K-26.2%
Derivative Liabilities (Non-Current)	——	——	——	——
Operating Lease Liability Payments - 2027 (Lessee)	——	——	——	——
Operating Lease Liability Payments - 2028 (Lessee)	——	——	——	——
Total debt	$15.59M-87.5%	$124.55M-0.5%	$125.2M-9.0%	$137.52M-4.5%
Total Carrying Value of Debt	——	$110.7M-2.4%	$113.46M-9.9%	$125.91M-8.0%
Common Stock Par Value Per Share	——	$0.250.0%	$0.250.0%	$0.250.0%
Common Stock Shares Issued	——	3M0.0%	3M+0.1%	3M+0.1%
Convertible Preferred Stock Authorized Shares	——	4M+100%	2M0.0%	2M0.0%
Cumulative Gross Losses and Impairments	——	$376K—	——	——
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$758K0.0%	$758K0.0%	$758K+0.1%	$757K+0.1%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	——	$1.000.0%	$1.000.0%	$1.000.0%
Share Repurchase Authorization Limit	——	——	——	——
Accrued bonuses	——	$2.98M+27.6%	$2.34M+39.7%	$1.67M+22.5%
Deferred Income	——	$3.69M+24.7%	$2.96M—	——
Accrued interest expense	——	$955K—	——	——
Allowance for doubtful accounts	——	$1.34M-5.8%	$1.42M+22.4%	$1.16M-15.2%
Common stock, par value (in dollars per share)	——	$0.250.0%	$0.250.0%	$0.250.0%
Common stock, shares authorized (in shares)	——	$4M0.0%	$4M0.0%	$4M0.0%
Common stock, shares issued (in shares)	——	$3.03M0.0%	$3.03M+0.1%	$3.03M+0.1%
Common Stock, Shares, Outstanding	——	$2.7M-2.6%	$2.78M-1.5%	$2.82M-1.7%
Contract with Customer, Liability	——	$4.2M-3.7%	$4.36M-12.8%	$5M+5.8%
Long-term debt, gross	——	$110.7M-2.4%	$113.46M-9.9%	$125.91M-8.0%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	——	$379K-28.9%	$533K-35.7%	$829K-26.2%
Deferred income taxes	$3.36M+49.4%	$2.25M-8.1%	$2.45M+1.2%	$2.42M-14.0%
Derivative Liability, Noncurrent	——	——	——	——
Long-term earnout liability	$244K-78.0%	$1.11M—	$0—	——
Equity method investments (Note 11)	$26.07M+37.2%	$19M+14.1%	$16.65M+25.9%	$13.23M+34.1%
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$0-100%	$14.66M+5,718%	$252K+204%	$83K-99.4%
Finance Lease, Right-of-Use Asset, Accumulated Amortization	——	$1.45M+18,038%	$8K-96.4%	$223K-71.4%
Finite-Lived Intangible Assets, Accumulated Amortization	——	$6.33M+23.7%	$5.12M+22.1%	$4.19M+42.2%
2028	——	——	——	——
2030	——	——	——	——
2031	——	——	——	——
Remainder of 2026	——	——	——	——
2027	——	——	——	——
2029	——	——	——	——
Finite Lived Intangible Assets Amortization Expense After Year Five	——	——	——	——
Gross Carrying Amount	——	$16.28M+2.0%	$15.96M-1.8%	$16.25M+2.5%
Goodwill accumulated impairment losses	——	$376K—	——	——
Tax receivable within other current assets	$196K-71.2%	$681K+21.4%	$561K+4.7%	$536K-83.4%
Trademarks	——	$70K-50.4%	$141K+253%	$40K-88.3%
Indefinite- lived intangible impairment	——	$16.35M+1.6%	$16.1M-1.2%	$16.29M+0.5%
Aircraft parts for sale	——	$28.79M—	——	——
Expendable parts	——	$0—	——	——
Raw materials	——	$6.93M—	——	——
Investments in marketable equity securities at fair value	——	$1.1M-42.1%	$1.9M—	——
Unamortized leasehold improvements	——	——	——	——
Lessee Operating Lease Liability Payments Due	——	——	——	——
Thereafter	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	——	——	——	——
Fair value of long-term debt	——	$0—	——	——
2028	——	——	——	——
2029	——	——	——	——
2030	——	——	——	——
2027	——	——	——	——
Remainder of 2026	——	——	——	——
Thereafter	——	——	——	——
Noncontrolling interests in subsidiaries	$1.07M-37.3%	$1.7M+61.7%	$1.05M-2.6%	$1.08M-2.4%
Long-Lived Assets	——	$34.95M+65.5%	$21.11M-1.9%	$21.52M-39.7%
Number of classes of equity interests	——	——	——	——
Operating Lease Weighted Average Discount Rate Percent	——	$0.06+11.4%	$0.05+2.8%	$0.05+14.3%
Other accrued liabilities	——	$800K-77.3%	$3.52M-15.2%	$4.15M-14.3%
Preferred Stock, Par or Stated Value Per Share	——	$10.0%	$10.0%	$10.0%
Preferred Stock, Shares Authorized	——	$4M+100%	$2M0.0%	$2M0.0%
Prepaid expenses	$8.85M+185%	$3.1M+32.0%	$2.35M-6.0%	$2.5M—
Redeemable noncontrolling interests in subsidiaries	$10.35M+46.7%	$7.05M-45.6%	$12.98M+2.1%	$12.71M+18.1%
Shares may be repurchased pursuant to this program (in shares)	——	——	——	——
Treasury stock average price (in dollars per share)	——	$19.55+1.2%	$19.31-1.6%	$19.62+2.2%
Treasury stock, shares (in shares)	——	$327.61K+27.5%	$256.85K+23.4%	$208.12K+33.1%
Remainder of Fiscal Year 2024	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——

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Questions, answered.

What are Air T's total assets?: Air T (AIRT) holds $409.1M in total assets, up 135.4% year over year.
How much debt does Air T have?: Air T carries $15.6M in total debt against $79.8M of shareholders' equity, a debt-to-equity ratio of 0.20.
How much cash does Air T have?: Air T holds $20.3M in cash and equivalents.
Can Air T cover its short-term obligations?: Its current ratio is 1.67 — current assets exceed current liabilities.
Where does Air T's balance sheet data come from?: Every line is extracted from Air T's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.