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Air T, Inc. (AIRT)
:AIRT
US Market
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Air T (AIRT) Ratios

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Air T Ratios

AIRT's free cash flow for Q1 2026 was $0.22. For the 2026 fiscal year, AIRT's free cash flow was decreased by $ and operating cash flow was $0.02. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.89 2.20 1.81 4.15 3.75
Quick Ratio
1.08 0.90 0.71 1.72 1.20
Cash Ratio
0.29 0.15 0.09 0.18 0.39
Solvency Ratio
-0.01 -0.03 -0.05 0.07 -0.04
Operating Cash Flow Ratio
0.45 0.37 0.26 -1.07 -0.06
Short-Term Operating Cash Flow Coverage
2.21 1.20 0.42 -4.17 -0.26
Net Current Asset Value
$ -91.81M$ -55.49M$ -47.31M$ -42.88M$ -13.66M
Leverage Ratios
Debt-to-Assets Ratio
0.73 0.71 0.73 0.69 0.68
Debt-to-Equity Ratio
26.29 26.25 11.55 5.85 6.99
Debt-to-Capital Ratio
0.96 0.96 0.92 0.85 0.87
Long-Term Debt-to-Capital Ratio
0.96 0.95 0.88 0.84 0.86
Financial Leverage Ratio
35.91 37.14 15.92 8.43 10.26
Debt Service Coverage Ratio
0.41 0.24 0.01 1.51 -0.06
Interest Coverage Ratio
0.33 0.18 0.56 1.82 -0.19
Debt to Market Cap
2.34 1.91 1.78 2.09 1.30
Interest Debt Per Share
54.77 46.95 51.11 51.66 34.85
Net Debt to EBITDA
15.67 20.18 122.87 6.77 -21.06
Profitability Margins
Gross Profit Margin
20.34%19.69%19.74%22.24%18.09%
EBIT Margin
1.04%1.06%-1.38%10.28%-4.24%
EBITDA Margin
2.68%2.04%0.43%11.54%-2.30%
Operating Profit Margin
0.99%0.44%1.79%4.94%-0.48%
Pretax Profit Margin
-1.99%-1.38%-4.59%7.57%-6.73%
Net Profit Margin
-2.51%-2.38%-4.77%6.17%-4.79%
Continuous Operations Profit Margin
-2.06%-1.63%-4.77%6.90%-4.79%
Net Income Per EBT
126.18%172.41%103.81%81.58%71.25%
EBT Per EBIT
-201.13%-312.90%-256.45%153.01%1390.91%
Return on Assets (ROA)
-3.92%-3.85%-6.22%5.26%-5.96%
Return on Equity (ROE)
-209.24%-142.96%-99.00%44.40%-61.16%
Return on Capital Employed (ROCE)
2.08%0.97%3.53%4.95%-0.75%
Return on Invested Capital (ROIC)
2.01%1.02%2.75%4.29%-0.50%
Return on Tangible Assets
-4.44%-4.38%-7.06%5.93%-6.15%
Earnings Yield
-12.48%-11.51%-16.53%16.68%-12.27%
Efficiency Ratios
Receivables Turnover
12.03 11.03 8.62 5.52 16.07
Payables Turnover
13.16 15.28 19.00 14.65 17.19
Inventory Turnover
5.92 3.79 2.79 1.83 1.99
Fixed Asset Turnover
8.98 8.83 7.45 4.11 9.51
Asset Turnover
1.56 1.62 1.30 0.85 1.24
Working Capital Turnover Ratio
7.93 5.30 3.31 2.02 3.23
Cash Conversion Cycle
64.29 105.42 153.92 240.41 184.60
Days of Sales Outstanding
30.34 33.09 42.35 66.07 22.71
Days of Inventory Outstanding
61.68 96.21 130.79 199.25 183.13
Days of Payables Outstanding
27.73 23.88 19.21 24.91 21.23
Operating Cycle
92.02 129.30 173.13 265.32 205.83
Cash Flow Ratios
Operating Cash Flow Per Share
8.25 6.10 5.94 -11.49 -0.63
Free Cash Flow Per Share
8.19 5.72 5.53 -12.03 -2.72
CapEx Per Share
0.15 0.38 0.41 0.54 2.09
Free Cash Flow to Operating Cash Flow
0.99 0.94 0.93 1.05 4.30
Dividend Paid and CapEx Coverage Ratio
56.86 15.96 14.35 -21.23 -0.30
Capital Expenditure Coverage Ratio
56.86 15.96 14.35 -21.23 -0.30
Operating Cash Flow Coverage Ratio
0.16 0.14 0.12 -0.23 -0.02
Operating Cash Flow to Sales Ratio
0.08 0.06 0.07 -0.19 -0.01
Free Cash Flow Yield
37.13%27.19%22.07%-52.87%-11.44%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-8.00 -8.68 -6.05 6.00 -8.15
Price-to-Sales (P/S) Ratio
0.20 0.21 0.29 0.37 0.39
Price-to-Book (P/B) Ratio
11.25 12.42 5.99 2.66 4.98
Price-to-Free Cash Flow (P/FCF) Ratio
2.69 3.68 4.53 -1.89 -8.74
Price-to-Operating Cash Flow Ratio
2.67 3.45 4.22 -1.98 -37.61
Price-to-Earnings Growth (PEG) Ratio
0.37 0.20 0.03 -0.03 0.02
Price-to-Fair Value
11.25 12.42 5.99 2.66 4.98
Enterprise Value Multiple
23.16 30.31 189.37 9.98 -38.01
Enterprise Value
184.25M 177.32M 203.01M 203.89M 153.35M
EV to EBITDA
23.16 30.31 189.37 9.98 -38.01
EV to Sales
0.62 0.62 0.82 1.15 0.88
EV to Free Cash Flow
8.33 11.01 12.90 -5.89 -19.60
EV to Operating Cash Flow
8.27 10.32 12.01 -6.16 -84.31
Tangible Book Value Per Share
-6.31 -0.97 1.06 4.55 5.38
Shareholders’ Equity Per Share
1.96 1.69 4.18 8.55 4.77
Tax and Other Ratios
Effective Tax Rate
-0.04 -0.18 -0.04 0.09 0.29
Revenue Per Share
109.62 101.86 86.90 61.49 60.85
Net Income Per Share
-2.75 -2.42 -4.14 3.79 -2.92
Tax Burden
1.26 1.72 1.04 0.82 0.71
Interest Burden
-1.92 -1.30 3.32 0.74 1.59
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.20 0.18 0.18 0.17 0.20
Stock-Based Compensation to Revenue
0.00 0.00 <0.01 <0.01 0.00
Income Quality
-3.65 -3.67 -1.43 -2.71 0.22
Currency in USD
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