What is Air T's interest coverage?

Air T (AIRT) reported interest coverage of -1× in Q1 2026.

How has Air T's interest coverage changed year-over-year?

Air T's interest coverage decreased by 517.0% year-over-year, from -0.2× to -1×.

What is the long-term trend for Air T's interest coverage?

Over 3 years (2023 to 2026), Air T's interest coverage has grown at a 18.6% compound annual growth rate (CAGR), from -0.6× to -1×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Air T AIRT Interest coverage

Interest coverage at other companies

AAR CorpAIR

4.2×+3.1×

AerSale CorporationASLE

-0.3×—

VSE CorporationVSEC

7×+3.2×

FTAI Aviation Ltd.FTAI

3.6×+2.2×

Willis Lease FinanceWLFC

0.9×-0.4×

Frontier Group Holdings, Inc.ULCC

-3.6×-3.8×

Other financials

Income statement

See full

Revenue$120.9M+82.4%

Operating income-$13.8M—

Net income$77.7M+1,206%

EPS (diluted)$28.75+1,227%

Balance sheet

See full

Cash & equivalents$20.3M+201%

Total debt$15.6M-87.5%

Total equity$79.8M+2,582%

Total assets$409.1M+135%

Cash flow

See full

Operating cash flow-$44.0K-101%

CapEx$15.3M+10,139%

Free cash flow-$15.3M-485%

Valuation

See full

Market cap$71.46M+28.1%

Enterprise value$66.72M-64.4%

P/E0.9×—

P/S0.2×0.0×

Profitability

See full

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×—

Current ratio1.7×0.0×

Where this comes from

Calculated from Air T’s reported figures.

ebit/interest expense=-1×

Based on trailing twelve months.

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

Ask your AI about Air T's interest coverage.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Air T's interest coverage?: Air T (AIRT) reported interest coverage of -1× in Q1 2026.
How has Air T's interest coverage changed year-over-year?: Air T's interest coverage decreased by 517.0% year-over-year, from -0.2× to -1×.
What is the long-term trend for Air T's interest coverage?: Over 3 years (2023 to 2026), Air T's interest coverage has grown at a 18.6% compound annual growth rate (CAGR), from -0.6× to -1×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.