Air T Inc
AIRT—
Build a strategy around AIRT
Air T Inc AI Insights
Informational only. Not investment advice.Snapshot
- Debt/equity of 1,964x with 135.5M debt vs 69K equity - balance sheet structurally impaired, tangible book value negative at -22.3M[Debt to Equity]
- FCF of 13M TTM (4.7% yield on EV) despite -5.6M net loss - cash generation masks accounting losses from 9M interest expense[Free Cash Flow TTM]
- Revenue down 21% YoY to 279M while 5Y CAGR is +12.5% - sharp reversal suggests cyclical peak or business deterioration[Total Revenue 1Y Growth]
Watch Triggers
- Interest Expense: Exceeds EBITDA (currently 76% of 11.9M) — Coverage below 1x signals imminent debt distress or covenant breach
- Total Equity: Falls below zero — Technical insolvency may trigger lender acceleration clauses
- Free Cash Flow TTM: Turns negative — Only lifeline masking losses - negative FCF forces immediate capital raise
Bull Case
Asset turnover of 1.46x far exceeds industry median of 0 - efficient capital deployment generates 13M FCF despite losses, P/S of 0.18x is extreme discount
Asset Turnover TTMFree Cash Flow TTMP/S Ratio
Working capital of 49.4M and inventory of 46.6M provide liquidation cushion; PCF ratio of 3.7x vs industry 12x suggests cash flow undervalued
Working CapitalPCF RatioInventory
Bear Case
Equity of 69K supporting 135.5M debt is functionally insolvent - any earnings miss or revenue decline triggers covenant breach risk
Debt to EquityTotal EquityTotal Debt
Revenue collapsed 21% YoY with gross profit down 10% - operating leverage working against company as fixed costs absorb margin
Total Revenue 1Y GrowthGross Profit 1Y GrowthOperating Margin TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
Leverage AIRT's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Interest burden will force asset sales or restructuring within 12-18 months
3-12mhigh
- Interest expense 9M vs EBITDA 11.9M = 76% coverage
- Net loss of 5.6M eroding near-zero equity base
- Revenue decline accelerating (-21% YoY)
Debt 135.5M vs equity 69KTangible book -22.3MCash only 17.5M vs current debt 4.9M
Valuation Context
Caveats
Public Strategies Rankings
See how Air T Inc ranks across different investment strategies.
Leverage AIRT's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
AIRT Fundamentals
Management of Companies and Enterprises → Management of Companies and Enterprises
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$0 | — | ||
$0 | — | ||
0.00 | — | ||
$272.47M | -8.6% | — | |
$0.00 | — | ||
-2.91% | -5.5% | — | |
-2.48% | -2.2% | — | |
$-22.26M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
AIRT Dividend History
13 dividends
2013
$0.200006/05/13$0.2000
2012
$0.166706/06/12$0.1667
2011
$0.166706/01/11$0.1667
2010
$0.220006/02/10$0.2200
2009
$0.220006/03/09$0.2200
2008
$0.200006/04/08$0.2000
2007
$0.166706/06/07$0.1667
2006
$0.166706/07/06$0.1667
2005
$0.166706/08/05$0.1667
2004
$0.133306/09/04$0.1333
2002
$0.080006/03/02$0.0800
2001
$0.100005/24/01$0.1000
2000
$0.066705/24/00$0.0667
AIRT Stock Splits
1 stock split
06/11/191:1.5 split
AIRT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/13/26 | 12/31/25 | 10-Q | |
11/12/25 | 09/30/25 | 10-Q | |
08/13/25 | 06/30/25 | 10-Q | |
06/27/25 | 03/31/25 | 10-K | |
02/12/25 | 12/31/24 | 10-Q | |
11/12/24 | 09/30/24 | 10-Q | |
08/14/24 | 06/30/24 | 10-Q | |
06/26/24 | 03/31/24 | 10-K | |
02/12/24 | 12/31/23 | 10-Q | |
11/14/23 | 09/30/23 | 10-Q | |
08/11/23 | 06/30/23 | 10-Q | |
06/27/23 | 03/31/23 | 10-K | |
02/10/23 | 12/31/22 | 10-Q | |
11/10/22 | 09/30/22 | 10-Q | |
08/12/22 | 06/30/22 | 10-Q | |
06/28/22 | 03/31/22 | 10-K | |
02/14/22 | 12/31/21 | 10-Q | |
11/12/21 | 09/30/21 | 10-Q | |
08/12/21 | 06/30/21 | 10-Q | |
06/25/21 | 03/31/21 | 10-K | |
02/12/21 | 12/31/20 | 10-Q | |
11/12/20 | 09/30/20 | 10-Q | |
08/14/20 | 06/30/20 | 10-Q | |
06/26/20 | 03/31/20 | 10-K | |
02/13/20 | 12/31/19 | 10-Q | |
11/13/19 | 09/30/19 | 10-Q | |
08/14/19 | 06/30/19 | 10-Q | |
06/28/19 | 03/31/19 | 10-K | |
02/14/19 | 12/31/18 | 10-Q | |
11/14/18 | 09/30/18 | 10-Q | |
08/14/18 | 06/30/18 | 10-Q | |
06/29/18 | 03/31/18 | 10-K | |
02/14/18 | 12/31/17 | 10-Q | |
11/14/17 | 09/30/17 | 10-Q | |
10/26/17 | 06/30/17 | 10-Q | |
10/13/17 | 03/31/17 | 10-K | |
02/13/17 | 12/31/16 | 10-Q | |
11/14/16 | 09/30/16 | 10-Q | |
08/15/16 | 06/30/16 | 10-Q | |
06/29/16 | 03/31/16 | 10-K | |
10/13/17 | 03/31/16 | 10-K/A | |
10/13/17 | 12/31/15 | 10-Q/A | |
02/05/16 | 12/31/15 | 10-Q | |
10/13/17 | 09/30/15 | 10-Q/A | |
11/06/15 | 09/30/15 | 10-Q | |
08/05/15 | 06/30/15 | 10-Q | |
10/13/17 | 06/30/15 | 10-Q/A | |
06/08/15 | 03/31/15 | 10-K | |
10/13/17 | 03/31/15 | 10-K/A | |
10/13/17 | 12/31/14 | 10-Q/A | |
02/03/15 | 12/31/14 | 10-Q | |
11/07/14 | 09/30/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
06/02/14 | 03/31/14 | 10-K | |
02/10/14 | 12/31/13 | 10-Q | |
11/07/13 | 09/30/13 | 10-Q | |
08/07/13 | 06/30/13 | 10-Q | |
06/04/13 | 03/31/13 | 10-K | |
02/01/13 | 12/31/12 | 10-Q | |
11/02/12 | 09/30/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
06/05/12 | 03/31/12 | 10-K | |
02/03/12 | 12/31/11 | 10-Q | |
11/02/11 | 09/30/11 | 10-Q | |
08/10/11 | 06/30/11 | 10-Q | |
06/03/11 | 03/31/11 | 10-K | |
01/27/11 | 12/31/10 | 10-Q | |
11/05/10 | 09/30/10 | 10-Q | |
08/04/10 | 06/30/10 | 10-Q | |
06/08/10 | 03/31/10 | 10-K | |
02/01/10 | 12/31/09 | 10-Q | |
11/02/09 | 09/30/09 | 10-Q | |
07/31/09 | 06/30/09 | 10-Q | |
06/02/09 | 03/31/09 | 10-K | |
01/30/09 | 12/31/08 | 10-Q | |
10/31/08 | 09/30/08 | 10-Q | |
08/12/08 | 06/30/08 | 10-Q | |
06/16/08 | 03/31/08 | 10-K | |
02/01/08 | 12/31/07 | 10-Q | |
11/09/07 | 09/30/07 | 10-Q | |
08/10/07 | 06/30/07 | 10-Q | |
06/15/07 | 03/31/07 | 10-K | |
02/08/07 | 12/31/06 | 10-Q | |
11/13/06 | 09/30/06 | 10-Q | |
08/04/06 | 06/30/06 | 10-Q | |
06/26/06 | 03/31/06 | 10-K | |
02/10/06 | 12/31/05 | 10-Q | |
11/08/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 10-Q | |
06/17/05 | 03/31/05 | 10-K | |
01/28/05 | 12/31/04 | 10-Q | |
11/04/04 | 09/30/04 | 10-Q | |
07/29/04 | 06/30/04 | 10-Q | |
06/24/04 | 03/31/04 | 10-K | |
02/13/04 | 12/31/03 | 10-Q | |
11/12/03 | 09/30/03 | 10-Q | |
07/30/03 | 06/30/03 | 10-Q | |
07/01/03 | 03/31/03 | 10-K | |
02/12/03 | 12/31/02 | 10-Q | |
11/14/02 | 09/30/02 | 10-Q | |
08/13/02 | 06/30/02 | 10-Q | |
06/18/02 | 03/31/02 | 10-K | |
02/12/02 | 12/31/01 | 10-Q | |
10/30/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
06/28/01 | 03/31/01 | 10-K | |
02/12/01 | 12/31/00 | 10-Q | |
11/09/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
06/28/00 | 03/31/00 | 10-K |