What is Air T's current ratio?

Air T (AIRT) reported current ratio of 1.7× in Q1 2026.

How has Air T's current ratio changed year-over-year?

Air T's current ratio increased by 1.7% year-over-year, from 1.6× to 1.7×.

What is the long-term trend for Air T's current ratio?

Over 4 years (2022 to 2026), Air T's current ratio has grown at a -20.3% compound annual growth rate (CAGR), from 4.1× to 1.7×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Air T AIRT Current ratio

Current ratio at other companies

AAR CorpAIR

2.7×-0.1×

AerSale CorporationASLE

3.7×-0.8×

VSE CorporationVSEC

8.8×+4.9×

FTAI Aviation Ltd.FTAI

5.2×+1.3×

Frontier Group Holdings, Inc.ULCC

0.5×0.0×

ALG

Allegiant TravelALGT

0.9×0.0×

Other financials

Income statement

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Revenue$120.9M+82.4%

Operating income-$13.8M—

Net income$77.7M+1,206%

EPS (diluted)$28.75+1,227%

Balance sheet

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Cash & equivalents$20.3M+201%

Total debt$15.6M-87.5%

Total equity$79.8M+2,582%

Total assets$409.1M+135%

Cash flow

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Operating cash flow-$44.0K-101%

CapEx$15.3M+10,139%

Free cash flow-$15.3M-485%

Valuation

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Market cap$71.46M+17.6%

Enterprise value$66.72M-67.5%

P/E0.9×—

P/S0.2×0.0×

Profitability

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Operating margin-3.5%—

Net margin23.8%+22.1pp

FCF margin-12.7%-20.4pp

Returns & leverage

See full

Return on equity-157.8%-201pp

Debt / equity0.2×—

Where this comes from

Calculated from Air T’s reported figures.

total current assets/total current liabilities=1.7×

Based on the most recent quarter.

The official record: Air T’s 10-K, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air T's current ratio?: Air T (AIRT) reported current ratio of 1.7× in Q1 2026.
How has Air T's current ratio changed year-over-year?: Air T's current ratio increased by 1.7% year-over-year, from 1.6× to 1.7×.
What is the long-term trend for Air T's current ratio?: Over 4 years (2022 to 2026), Air T's current ratio has grown at a -20.3% compound annual growth rate (CAGR), from 4.1× to 1.7×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.