Air T Inc
Air T, Inc. provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2025, this segment had 103 aircraft under the dry-lease agreements with FedEx. Its Ground Support Equipment segment manufactures, sells, and services aircraft … Read more
Air T Inc (AIRT) - Net Assets
Latest net assets as of December 2025: $5.90 Million USD
Based on the latest financial reports, Air T Inc (AIRT) has net assets worth $5.90 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($381.76 Million) and total liabilities ($375.87 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.90 Million |
| % of Total Assets | 1.54% |
| Annual Growth Rate | 0.88% |
| 5-Year Change | -74.02% |
| 10-Year Change | -84.3% |
| Growth Volatility | 44.14 |
Air T Inc - Net Assets Trend (1988–2025)
This chart illustrates how Air T Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Air T Inc (1988–2025)
The table below shows the annual net assets of Air T Inc from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $5.54 Million | -70.55% |
| 2024-03-31 | $18.80 Million | -26.84% |
| 2023-03-31 | $25.69 Million | -29.57% |
| 2022-03-31 | $36.48 Million | +71.16% |
| 2021-03-31 | $21.31 Million | -31.45% |
| 2020-03-31 | $31.09 Million | +7.83% |
| 2019-03-31 | $28.83 Million | +22.14% |
| 2018-03-31 | $23.61 Million | +6.52% |
| 2017-03-31 | $22.16 Million | -37.17% |
| 2016-03-31 | $35.27 Million | +18.38% |
| 2015-03-31 | $29.80 Million | +8.90% |
| 2014-03-31 | $27.36 Million | -2.72% |
| 2013-03-31 | $28.12 Million | +3.96% |
| 2012-03-31 | $27.05 Million | +3.10% |
| 2011-03-31 | $26.24 Million | +5.38% |
| 2010-03-31 | $24.90 Million | +14.47% |
| 2009-03-31 | $21.75 Million | +22.80% |
| 2008-03-31 | $17.71 Million | +14.67% |
| 2007-03-31 | $15.45 Million | +6.54% |
| 2006-03-31 | $14.50 Million | +10.81% |
| 2005-03-31 | $13.09 Million | +12.06% |
| 2004-03-31 | $11.68 Million | +21.49% |
| 2003-03-31 | $9.61 Million | -13.41% |
| 2002-03-31 | $11.10 Million | +9.14% |
| 2001-03-31 | $10.17 Million | +9.88% |
| 2000-03-31 | $9.26 Million | -3.94% |
| 1999-03-31 | $9.64 Million | -0.78% |
| 1998-03-31 | $9.71 Million | +17.66% |
| 1997-03-31 | $8.25 Million | +11.33% |
| 1996-03-31 | $7.41 Million | +4.42% |
| 1995-03-31 | $7.10 Million | +7.58% |
| 1994-03-31 | $6.60 Million | +46.67% |
| 1993-03-31 | $4.50 Million | +60.71% |
| 1992-03-31 | $2.80 Million | +55.56% |
| 1991-03-31 | $1.80 Million | +157.14% |
| 1990-03-31 | $700.00K | +133.33% |
| 1989-03-31 | $300.00K | -92.50% |
| 1988-03-31 | $4.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air T Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 733000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.13 Million | % |
| Common Stock | $758.00K | % |
| Other Comprehensive Income | $-647.00K | % |
| Total Equity | $-3.22 Million | 100.00% |
Air T Inc Competitors by Market Cap
The table below lists competitors of Air T Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinih Enterprise Co Ltd
TW:9944
|
$21.26 Million |
|
National Plastic Co Ltd Preferred
KO:004255
|
$21.26 Million |
|
AJ Advance Technology Public Company Limited
BK:AJA
|
$21.27 Million |
|
Sam-A Pharm. Co. Ltd
KQ:009300
|
$21.27 Million |
|
Butterfly Gandhimathi Appliances Limited
NSE:BUTTERFLY
|
$21.25 Million |
|
Daiyang Metal
KO:009190
|
$21.25 Million |
|
SHL Telemedicine Ltd American Depositary Shares
NASDAQ:SHLT
|
$21.24 Million |
|
Cue Biopharma
NASDAQ:CUE
|
$21.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air T Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,770,000 to -3,216,000, a change of -7,986,000 (-167.4%).
- Net loss of 6,140,000 reduced equity.
- Share repurchases of 1,445,000 reduced equity.
- Other comprehensive income decreased equity by 567,000.
- Other factors increased equity by 166,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.14 Million | -190.92% |
| Share Repurchases | $1.45 Million | -44.93% |
| Other Comprehensive Income | $-567.00K | -17.63% |
| Other Changes | $166.00K | +5.16% |
| Total Change | $- | -167.42% |
Book Value vs Market Value Analysis
This analysis compares Air T Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-03-31 | $1.33 | $23.50 | x |
| 1989-03-31 | $0.10 | $23.50 | x |
| 1990-03-31 | $0.18 | $23.50 | x |
| 1991-03-31 | $0.43 | $23.50 | x |
| 1992-03-31 | $0.62 | $23.50 | x |
| 1993-03-31 | $0.92 | $23.50 | x |
| 1994-03-31 | $1.32 | $23.50 | x |
| 1995-03-31 | $1.43 | $23.50 | x |
| 1996-03-31 | $1.64 | $23.50 | x |
| 1997-03-31 | $1.97 | $23.50 | x |
| 1998-03-31 | $2.32 | $23.50 | x |
| 1999-03-31 | $2.30 | $23.50 | x |
| 2000-03-31 | $2.22 | $23.50 | x |
| 2001-03-31 | $2.44 | $23.50 | x |
| 2002-03-31 | $2.65 | $23.50 | x |
| 2003-03-31 | $2.35 | $23.50 | x |
| 2004-03-31 | $2.85 | $23.50 | x |
| 2005-03-31 | $3.24 | $23.50 | x |
| 2006-03-31 | $3.62 | $23.50 | x |
| 2007-03-31 | $3.89 | $23.50 | x |
| 2008-03-31 | $4.85 | $23.50 | x |
| 2009-03-31 | $5.98 | $23.50 | x |
| 2010-03-31 | $6.79 | $23.50 | x |
| 2011-03-31 | $7.10 | $23.50 | x |
| 2012-03-31 | $7.36 | $23.50 | x |
| 2013-03-31 | $7.64 | $23.50 | x |
| 2014-03-31 | $7.50 | $23.50 | x |
| 2015-03-31 | $8.35 | $23.50 | x |
| 2016-03-31 | $9.67 | $23.50 | x |
| 2017-03-31 | $7.20 | $23.50 | x |
| 2018-03-31 | $7.20 | $23.50 | x |
| 2019-03-31 | $7.96 | $23.50 | x |
| 2020-03-31 | $8.58 | $23.50 | x |
| 2021-03-31 | $4.76 | $23.50 | x |
| 2022-03-31 | $8.52 | $23.50 | x |
| 2023-03-31 | $4.18 | $23.50 | x |
| 2024-03-31 | $1.69 | $23.50 | x |
| 2025-03-31 | $-1.17 | $23.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air T Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.10%
- • Asset Turnover: 1.68x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-25.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 7.50% | 2.61% | 0.69x | 4.15x | $-100.00K |
| 1989 | -1233.33% | -23.42% | 1.42x | 37.00x | $-3.73 Million |
| 1990 | 57.14% | 2.26% | 2.95x | 8.57x | $330.00K |
| 1991 | 38.89% | 2.73% | 5.22x | 2.72x | $520.00K |
| 1992 | 42.86% | 5.97% | 4.19x | 1.71x | $920.00K |
| 1993 | 40.00% | 6.72% | 3.77x | 1.58x | $1.35 Million |
| 1994 | 34.85% | 7.49% | 3.57x | 1.30x | $1.64 Million |
| 1995 | 22.54% | 4.85% | 3.24x | 1.44x | $890.00K |
| 1996 | 21.74% | 4.47% | 3.53x | 1.38x | $870.65K |
| 1997 | 16.03% | 3.77% | 3.16x | 1.35x | $497.78K |
| 1998 | 17.57% | 3.34% | 2.79x | 1.88x | $734.86K |
| 1999 | 5.42% | 1.00% | 2.50x | 2.16x | $-440.89K |
| 2000 | 3.91% | 0.61% | 2.46x | 2.59x | $-563.73K |
| 2001 | 12.67% | 1.83% | 2.46x | 2.81x | $271.89K |
| 2002 | 11.52% | 1.80% | 3.10x | 2.06x | $168.53K |
| 2003 | -12.74% | -2.86% | 2.01x | 2.22x | $-2.19 Million |
| 2004 | 14.88% | 3.10% | 2.86x | 1.68x | $570.18K |
| 2005 | 16.09% | 3.01% | 2.90x | 1.84x | $797.00K |
| 2006 | 14.17% | 2.58% | 3.32x | 1.65x | $604.91K |
| 2007 | 16.09% | 3.69% | 2.73x | 1.59x | $941.17K |
| 2008 | 19.21% | 4.34% | 2.87x | 1.54x | $1.63 Million |
| 2009 | 20.13% | 4.83% | 3.09x | 1.35x | $2.20 Million |
| 2010 | 15.09% | 4.63% | 2.74x | 1.19x | $1.27 Million |
| 2011 | 8.15% | 2.56% | 2.44x | 1.30x | $-486.16K |
| 2012 | 4.99% | 1.51% | 2.55x | 1.30x | $-1.36 Million |
| 2013 | 5.94% | 1.62% | 2.86x | 1.28x | $-1.14 Million |
| 2014 | 5.36% | 1.46% | 2.71x | 1.36x | $-1.27 Million |
| 2015 | 8.34% | 2.21% | 2.58x | 1.46x | $-495.60K |
| 2016 | 14.21% | 3.34% | 2.84x | 1.50x | $1.47 Million |
| 2017 | -13.99% | -2.16% | 2.27x | 2.84x | $-5.51 Million |
| 2018 | 9.92% | 1.17% | 2.98x | 2.84x | $-19.44K |
| 2019 | 5.50% | 0.54% | 2.17x | 4.73x | $-1.10 Million |
| 2020 | 31.89% | 3.23% | 1.56x | 6.31x | $5.26 Million |
| 2021 | -53.02% | -4.16% | 1.24x | 10.26x | $-8.65 Million |
| 2022 | 44.40% | 6.17% | 0.85x | 8.43x | $8.47 Million |
| 2023 | -103.28% | -4.97% | 1.30x | 15.92x | $-13.49 Million |
| 2024 | -142.96% | -2.38% | 1.62x | 37.14x | $-7.30 Million |
| 2025 | 0.00% | -2.10% | 1.68x | 0.00x | $-5.82 Million |
Industry Comparison
This section compares Air T Inc's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $116,562,879,545
- Average return on equity (ROE) among peers: -641.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air T Inc (AIRT) | $5.90 Million | 7.50% | 63.74x | $21.25 Million |
| American Biltrite Inc (ABLT) | $54.10 Million | 22.74% | 0.53x | $786.16K |
| Agro Capital Management Corp (ACMB) | $-7.15 Million | 0.00% | 0.00x | $1.01 Million |
| African Discovery Group Inc (AFDG) | $54.66K | -5848.93% | 8.34x | $87.96 |
| Asahi Kaisei Corp (AHKSY) | $824.45 Billion | 6.51% | 1.18x | $14.57 Billion |
| Ai Holdings Corporation (AIHZF) | $80.51 Billion | 19.48% | 0.17x | $516.06 Million |
| Alliance Global Group Inc (ALGGY) | $144.01 Billion | 9.65% | 0.89x | $1.28 Billion |
| Alpine 4 Holdings Inc (ALPP) | $-3.86 Million | 0.00% | 0.00x | $13.53K |
| Alaska Power & Telephone Company (APTL) | $48.02 Million | 21.25% | 1.61x | $538.24K |
| Alliance Recovery Corporation (ARVY) | $-1.81 Million | 0.00% | 0.00x | $26.21 |