AIR T Inc balance sheet

At the end of fiscal 2026, AIR T Inc had total assets of $409m, total liabilities of $318m and shareholders' equity of $79.8m. It held $20.3m in cash against $211m of debt: net debt of $190m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

AIR T Inc: balance sheet, annual
Fiscal year	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Cash and equivalents	7	6	9	4	14	5	3	5	12	6	11	6	6	7	6	20	17
Receivables	12	9	12	10	10	12	19	15	11	13	7	20	27	23	24	40	33
Inventory	12	13	8	12	8	12	20	34	27	61	72	75	71	61	39	77	90
Total current assets	31	30	31	31	39	39	49	62	71	98	106	128	117	103	79	160	158
Goodwill	—	—	—	—	—	0	4	4	4	4	4	10	11	11	11	12	20
Total assets	34	35	36	37	43	52	65	97	115	151	141	208	190	177	174	409	469
Accounts payable	6	6	6	6	5	7	12	10	11	11	8	9	10	15	18	37	41
Deferred revenue (current)	—	—	—	—	—	—	—	1	2	—	—	—	—	—	—	—	—
Total current liabilities	8	8	8	9	8	16	20	31	53	68	28	31	64	47	48	96	111
Short-term debt	0	—	—	—	—	2	0	9	—	—	—	—	—	—	—	—	—
Long-term debt	0	—	—	0	14	—	—	48	58	86	87	136	125	113	110	208	246
Total debt	0	0	7	7	14	2	18	57	82	129	93	142	164	127	111	211	249
Total liabilities	—	—	—	—	—	17	42	71	86	120	119	171	164	158	168	318	386
Shareholders' equity	26	27	28	27	30	34	23	25	24	24	14	25	12	5	−3	80	65
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	4	7	8	12	14	14	9	11	18
Net debt (negative = net cash)	−7	−6	−2	3	−1	−3	16	53	70	123	82	137	158	120	105	190	232
Shares outstanding	—	—	—	—	—	—	—	—	—	3m	3m	3m	3m	3m	3m	3m	3m

US$ millions unless shown otherwise. Fiscal quarters.

AIR T Inc: balance sheet, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Receivables	31	25	24	25	19	43	40	33
Inventory	51	39	39	40	47	65	77	90
Total current assets	103	90	79	93	96	161	160	158
Goodwill	11	10	11	12	12	12	12	20
Total assets	197	188	174	190	185	382	409	469
Accounts payable	16	10	18	18	16	16	37	41
Total current liabilities	45	47	48	49	46	168	96	111
Long-term debt	127	123	110	124	118	194	208	246
Total debt	127	123	110	124	118	194	208	246
Total liabilities	181	174	168	185	177	376	318	386
Shareholders' equity	7	5	−3	−5	0	−1	80	65
Non-controlling interests and other (assets − liabilities − equity)	9	9	9	10	7	—	11	18
Shares outstanding	3m	3m	3m	3m	3m	3m	3m	3m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from AIR T Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to AIR T Inc.