Air T, Inc. Financial Ratios — AIRT Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Return on Common Equity (%)	6.63	7.85	6.62	10.46	16.22	-13.28	11.33	6.25	33.13	-35.03	49.1	-58.65	-58.3	-103.73	186.21
Return on Assets (%)	3.9	4.69	4	6.16	9.23	-5.47	2.8	1.26	5.74	-4.98	6.27	-6.19	-3.72	-3.5	26.76
Return on Capital (%)	6.66	7.85	6.62	9.46	16.43	- -	6.77	2.33	- -	- -	9.23	- -	- -	- -	36.45
Return on Invested Capital (%)	4.96	6.08	5.21	6	10.27	- -	8.19	8.21	- -	- -	5.91	- -	- -	- -	-8.3
Gross Margin (%)	14.98	13.62	15.33	14.95	16.83	13.57	17.41	19.93	19.87	18.09	22.24	19.74	18.26	20.62	18.94
EBITDA Margin (%)	2.7	3.17	3.34	3.03	4.91	0.05	3.86	7.71	5.48	0.29	6.45	3.07	1.42	2.3	-2
Operating Margin (%)	2.29	2.65	2.59	2.27	4.07	-2.09	2.62	4.34	3.07	-1.48	5.4	1.39	0.44	0.8	-5.78
Incremental Operating Margin (%)	-23.04	4.98	5.39	-0.54	9.65	- -	17.78	20.29	-9.74	- -	621.57	-8.72	-5.51	21.51	- -
Pretax Margin (%)	2.35	2.65	2.64	3.04	4.15	-2.84	1.36	2.77	1.11	-6.73	7.57	-4.59	-1.38	-1.71	26.3
Profit Margin (%)	1.51	1.62	1.46	2.21	2.98	-2.16	1.17	0.62	3.23	-4.16	6.17	-4.97	-2.38	-2.1	23.84
Net Income to Common Margin (%)	1.51	1.62	1.46	2.21	2.98	-2.16	1.17	0.62	3.23	-4.16	6.17	-4.97	-2.38	-2.1	23.84
Effective Tax Rate (%)	35.59	38.83	44.84	27.26	38.93	- -	7.35	29.51	- -	- -	8.73	- -	- -	- -	1.59
Dvd Payout Ratio (%)	45.29	36.62	50.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	3.63	4.97	3.31	10.46	16.22	-13.28	11.33	6.25	33.13	-35.03	49.1	-58.65	-58.3	-103.73	186.21

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Total Debt	- -	- -	- -	5	2	18	48	58	94	96	144	138	125	129	225
ST Debt	- -	- -	- -	- -	2	- -	9	25	44	7	8	40	16	13	8
LT Debt	- -	- -	- -	5	- -	18	39	33	51	89	136	97	109	116	217
Total Debt/EBITDA	- -	- -	- -	1.47	0.26	227.42	6.4	3.47	7.28	186.66	12.6	18.09	30.82	19.27	-34.27
Net Debt/EBITDA	-2.41	-2.82	-1.12	-2.46	-0.48	193.34	5.76	2.72	6.15	148.83	11.4	15.69	26.05	16.27	-28.79
Total Debt/EBIT	- -	- -	- -	1.96	0.31	-5.95	9.45	6.17	12.99	-37	15.05	39.97	99.05	55.11	-11.89
Net Debt/EBIT	-2.83	-3.37	-1.44	-3.29	-0.58	-5.05	8.51	4.84	10.98	-29.5	13.61	34.66	83.72	46.51	-9.99
EBITDA to Interest Expense	207.35	- -	- -	- -	90.2	0.14	4.43	5.05	2.91	0.12	2.38	0.96	0.61	0.78	-0.53
EBITDA-CapEx/Interest Expense	207.35	- -	- -	- -	74.77	0.14	4.43	5.05	2.91	0.12	2.38	0.96	0.61	0.78	-0.53
EBIT to Interest Expense	176.08	- -	- -	- -	74.63	-5.42	3	2.84	1.63	-0.6	1.99	0.43	0.19	0.27	-1.54
Interest Expense	- -	- -	- -	- -	- -	1	2	3	4	4	5	8	7	9	12
Common Equity/Total Assets	59.13	60.47	60.48	57.53	56.4	29.04	21.83	18.84	16.2	12.1	13.24	7.62	5.05	1.66	19.77
Long-Term Debt/Equity (%)	- -	- -	- -	16.78	0.01	78	148.1	114.16	162.78	417.29	372.99	378.02	580.35	2,101.82	237.61
Long-Term Debt/Capital (%)	- -	- -	- -	16.67	0.01	48.39	55.18	39.27	40.14	73.77	74.21	58.59	73.62	82.67	68.38
Long-Term Debt/Total Assets (%)	- -	- -	- -	11.51	0.01	28.18	40	28.59	33.42	63.18	65.54	51.23	61.57	66.96	52.98
Total Debt/Equity (%)	- -	- -	- -	16.78	5.29	78.1	183.28	199.95	303.84	450.17	394.72	535.26	666.11	2,332.28	246.33
Total Debt/Capital (%)	- -	- -	- -	16.67	5.77	48.46	68.29	68.78	74.93	79.58	78.54	82.97	84.49	91.73	70.89
Total Debt/Total Assets (%)	- -	- -	- -	11.51	3.57	28.22	49.5	50.07	62.38	68.16	69.36	72.55	70.67	74.3	54.92
Net Debt to Equity	-21.49	-32.7	-13.74	-28.15	-9.87	66.4	164.97	156.88	256.88	358.95	356.91	464.27	563.02	1,968.26	206.95
Net Debt/Capital (%)	-38.94	-72.97	-20.04	-50.5	-12.91	44.42	65.97	63.35	66.49	69.83	73.26	74.58	75.01	80.82	63.64
EBITDA	2	3	3	3	7	- -	8	17	13	1	11	8	4	7	-7
EBITDA-CapEx	2	3	3	3	6	- -	8	17	13	1	11	8	4	7	-7
Operating Income (Loss)	2	3	3	3	6	-3	5	9	7	-3	10	3	1	2	-19

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Cash Ratio	0.73	1.17	0.58	2.26	0.65	0.24	0.16	0.27	0.11	0.44	0.21	0.09	0.16	0.13	0.22
Current Ratio	3.78	3.88	3.45	4.69	2.48	2.41	1.98	1.35	1.45	3.75	4.15	1.81	2.2	1.65	1.67
Quick Ratio	1.94	2.71	1.98	3.54	1.52	1.31	0.79	0.48	0.32	0.83	1.25	0.56	0.73	0.65	0.64
CFO/Avg Current Liab	0.09	0.55	-0.07	0.79	0.27	-0.42	-0.01	0.5	-0.42	-0.04	-1.12	0.36	0.31	0.5	-0.35
Common Equity/Total Assets	59.13	60.47	60.48	57.53	56.4	29.04	21.83	18.84	16.2	12.1	13.24	7.62	5.05	1.66	19.77
Long-Term Debt/Equity (%)	- -	- -	- -	16.78	0.01	78	148.1	114.16	162.78	417.29	372.99	378.02	580.35	2,101.82	237.61
Long-Term Debt/Capital (%)	- -	- -	- -	16.67	0.01	48.39	55.18	39.27	40.14	73.77	74.21	58.59	73.62	82.67	68.38
Long-Term Debt/Total Assets (%)	- -	- -	- -	11.51	0.01	28.18	40	28.59	33.42	63.18	65.54	51.23	61.57	66.96	52.98
Total Debt/Equity (%)	- -	- -	- -	16.78	5.29	78.1	183.28	199.95	303.84	450.17	394.72	535.26	666.11	2,332.28	246.33
Total Debt/Capital (%)	- -	- -	- -	16.67	5.77	48.46	68.29	68.78	74.93	79.58	78.54	82.97	84.49	91.73	70.89
Total Debt/Total Assets (%)	- -	- -	- -	11.51	3.57	28.22	49.5	50.07	62.38	68.16	69.36	72.55	70.67	74.3	54.92
CFO/Total Liabilities	9.37	55	-5.62	50.07	19.04	-18.1	-0.39	24.26	-20.84	-1.52	-19.33	10.32	10.85	13.97	-7.88
CFO/CapEx	- -	- -	- -	- -	2.58	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	6.05	6.44	6.26	6.95	6.69	3.95	3.47	3.14	2.42	2.44	2.2	2.3	2.61	2.38	1.18

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Accounts Receivable Turnover	8.66	9.99	9.19	11.34	13.57	9.51	11.41	16.55	19.77	17.89	13.52	10.55	11.44	12.46	10.25
Days Sales Outstanding	42.15	36.55	39.72	32.18	26.89	38.38	31.98	22.05	18.47	20.41	26.99	34.61	31.89	29.28	35.6
Inventory Turnover	6.08	8.23	8.36	9.53	12.29	8.01	5.95	5.59	4.31	2.16	1.87	2.71	3.56	4.67	4.59
Days Inventory Outstanding	60.01	44.34	43.68	38.31	29.7	45.59	61.35	65.24	84.72	168.69	195.02	134.5	102.63	78.18	79.6
Accounts Payable Turnover	12.88	14.27	14.69	16.33	21.8	14.63	16.1	15.36	20.02	16.12	15.88	19.6	17.56	12.75	11.1
Accounts Payable Turnover Days	28.34	25.58	24.84	22.35	16.74	24.96	22.67	23.77	18.24	22.65	22.98	18.63	20.79	28.63	32.9
Cash Conversion Cycle	73.81	55.31	58.56	48.14	39.85	59.01	70.66	63.53	84.95	166.45	199.03	150.48	113.73	78.83	82.3
Inventory to Cash Days	-17.86	-7.8	-3.96	-6.13	-2.81	-7.2	-29.38	-43.19	-66.26	-148.28	-168.02	-99.89	-70.73	-48.9	-44
Inventories	13	8	12	8	12	20	34	27	61	72	75	71	61	39	77
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	13	8	12	8	12	20	34	27	61	72	75	71	61	39	77

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Market Capitalization	23	23	29	58	57	43	52	61	35	69	66	71	63	46	- -
- Cash & Cash Equivalents	6	9	4	13	5	3	5	12	6	11	6	6	7	6	20
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	1	1	1	4	7	8	12	14	14	9	11
+ Total Debt	- -	- -	- -	5	2	18	48	58	94	96	144	138	125	129	225
Enterprise Value	18	14	24	44	50	57	96	109	129	160	215	217	194	178	215
Total Capital	21	22	23	30	32	38	70	84	126	121	183	166	148	141	317
Total Debt/Capital (%)	- -	- -	- -	16.67	5.77	48.46	68.29	68.78	74.93	79.58	78.54	82.97	84.49	91.73	70.89
Total Debt / EV	- -	- -	- -	0.11	0.04	0.32	0.5	0.53	0.73	0.6	0.67	0.63	0.64	0.73	1.05
EV/Sales	0.2	0.14	0.24	0.4	0.34	0.38	0.49	0.51	0.54	0.91	1.21	0.88	0.68	0.61	0.66
EV/EBITDA	7.26	4.3	7.14	13.04	6.86	703.83	12.74	6.59	9.92	310.56	18.81	28.52	47.79	26.57	- -
EV/EBIT	8.55	5.13	9.2	17.42	8.29	- -	18.83	11.7	17.72	- -	22.47	63.01	153.57	75.97	- -
EV/Cash Flow to Firm	23.08	3.22	- -	6.49	15.3	- -	74.07	4.7	- -	124.53	- -	8.62	7.73	5.42	- -
EV/Free Cash Flow to Firm	23.08	3.22	- -	6.49	11.08	- -	74.07	4.7	- -	124.53	- -	8.62	7.73	5.42	- -
Diluted Market Cap	23	23	29	59	58	43	52	62	35	69	66	71	63	46	- -
Diluted Enterprise Value	18	14	26	50	55	59	96	111	131	161	216	217	195	178	216
EV per Share	4.78	3.82	6.63	12.54	14.03	17.9	31.27	35.84	46.16	55.39	74.62	76.16	68.93	64.72	- -
TTM Sales	89	103	101	112	148	148	195	216	237	175	177	247	287	292	327
TTM EBITDA	2	3	3	3	7	- -	8	17	13	1	11	8	4	7	-7
TTM Operating Income	2	3	3	3	6	-3	5	9	7	-3	10	3	1	2	-19
TTM Cash Flow to Firm	1	4	-1	7	3	-7	1	23	-20	1	-29	25	25	33	-13
TTM Free Cash Flow to Firm	1	4	-1	7	5	-7	1	23	-20	1	-29	25	25	33	-13

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Price/Free Cash Flow	31.13	5.34	-53.1	8.56	12.98	-5.68	-186.5	2.94	-1.4	-37.66	-1.99	4.22	3.64	1.98	- -
EV/EBIT	8.55	5.13	9.2	17.42	8.29	- -	18.83	11.7	17.72	- -	22.47	63.01	153.57	75.97	- -
Enterprise Value	18	14	24	44	50	57	96	109	129	160	215	217	194	178	215
Low Price	3.85	5.17	6	7.12	10.92	11.49	9.6	14.95	9.41	8.95	19.73	14.01	12.53	14.85	14.56
EV/Sales	0.2	0.14	0.24	0.4	0.34	0.38	0.49	0.51	0.54	0.91	1.21	0.88	0.68	0.61	0.66
EV/EBITDA	7.26	4.3	7.14	13.04	6.86	703.83	12.74	6.59	9.92	310.56	18.81	28.52	47.79	26.57	- -
Price/Earnings	17.29	13.91	19.93	23.37	12.99	- -	22.7	45.85	4.56	- -	6	- -	- -	- -	- -
Price/Earnings Average	15.76	12.91	17.9	14.77	11.96	-14.31	19.16	47.91	6.73	-5.9	7.01	-4.57	-8.86	-9.4	- -
Price/Earnings High	17.89	14.31	21.38	25.98	15.05	-17.85	31.25	67.26	8.93	-17	11.35	-6.7	-11.82	-13.71	- -
Price/Earnings Low	10.45	11.36	14.81	10.15	8.8	-11.4	12.92	34.05	3.43	-3.54	5.2	-3.24	-5.17	-6.65	- -
Price/Book Value	1.13	1.07	1.3	2.32	1.95	2.26	2.44	2.83	1.42	4.02	2.38	4.94	6.98	16.09	- -
Price/Book Value Average	1.03	0.99	1.17	1.47	1.79	2.42	2.06	2.96	2.1	2.52	2.79	3.89	6.75	19.99	- -
Price/Book Value High	1.16	1.1	1.39	2.58	2.26	3.02	3.36	4.15	2.79	7.27	4.51	5.71	9	29.14	- -
Price/Book Value Low	0.68	0.87	0.97	1.01	1.32	1.93	1.39	2.1	1.07	1.51	2.07	2.76	3.94	14.14	- -
Price/Tangible Book Value	0.86	0.83	1.07	1.95	1.69	2.41	2.52	2.6	1.3	4.42	5	23.57	-22.97	-3.09	- -
Price/Tangible Book Value Average	0.79	0.77	0.96	1.23	1.56	2.58	2.13	2.72	1.92	2.77	5.85	18.59	-22.2	-3.84	- -
Price/Tangible Book Value High	0.89	0.85	1.15	2.17	1.96	3.22	3.47	3.82	2.55	7.99	9.47	27.24	-29.61	-5.6	- -
Price/Tangible Book Value Low	0.52	0.67	0.79	0.85	1.15	2.06	1.43	1.93	0.98	1.67	4.34	13.18	-12.96	-2.72	- -
Price/Sales	0.26	0.23	0.29	0.52	0.39	0.29	0.27	0.29	0.15	0.39	0.37	0.29	0.22	0.16	- -
Price/Sales Average	0.24	0.21	0.26	0.33	0.36	0.31	0.22	0.3	0.22	0.25	0.43	0.23	0.21	0.2	- -
Price/Sales High	0.27	0.23	0.31	0.58	0.45	0.39	0.37	0.42	0.29	0.71	0.7	0.33	0.28	0.29	- -
Price/Sales Low	0.16	0.18	0.22	0.22	0.26	0.25	0.15	0.21	0.11	0.15	0.32	0.16	0.12	0.14	- -
Price/Cash Flow	31.04	5.33	-52.69	8.49	17.84	-5.68	-186.06	2.93	-1.39	-37.66	-1.98	4.22	3.64	1.98	- -
Price/Cash Flow Average	28.29	4.94	-47.34	5.36	16.42	-6.09	-157.01	3.07	-2.06	-23.62	-2.31	3.33	3.52	2.46	- -
Price/Cash Flow High	32.11	5.48	-56.54	9.43	20.67	-7.59	-256.09	4.3	-2.73	-68.02	-3.75	4.87	4.69	3.58	- -
Price/Cash Flow Low	18.76	4.35	-39.18	3.68	12.09	-4.85	-105.88	2.18	-1.05	-14.18	-1.72	2.36	2.05	1.74	- -
Price/Free Cash Flow Average	28.37	4.96	-47.71	5.41	11.96	-6.09	-157.39	3.07	-2.06	-23.62	-2.32	3.33	3.52	2.46	- -
Price/Free Cash Flow High	32.21	5.49	-56.99	9.52	15.05	-7.59	-256.7	4.32	-2.73	-68.02	-3.76	4.87	4.69	3.58	- -
Price/Free Cash Flow Low	18.82	4.36	-39.48	3.72	8.8	-4.85	-106.13	2.19	-1.05	-14.18	-1.72	2.36	2.05	1.74	- -
EV/Sales Average	0.17	0.12	0.22	0.25	0.34	0.42	0.45	0.53	0.62	0.77	1.28	0.82	0.67	0.65	0.66
EV/Sales High	0.21	0.14	0.27	0.5	0.43	0.5	0.59	0.65	0.69	1.23	1.55	0.92	0.74	0.74	0.66
EV/Sales Low	0.09	0.09	0.18	0.15	0.25	0.36	0.38	0.44	0.51	0.68	1.17	0.75	0.58	0.59	0.66
EV/EBITDA Average	6.4	3.79	6.69	8.31	6.91	768.36	11.71	6.86	11.33	263.61	19.85	26.54	47.4	28.31	-32.91
EV/EBITDA High	7.59	4.5	8.21	16.49	8.79	908.63	15.37	8.42	12.63	420.73	24	29.98	52.37	32.26	-32.91
EV/EBITDA Low	3.44	2.99	5.35	4.94	5	653.04	9.82	5.74	9.39	230.21	18.12	24.38	41.21	25.79	-32.91
EV/EBIT Average	7.54	4.52	8.62	11.1	8.36	-20.09	17.3	12.19	20.23	-52.26	23.71	58.63	152.34	80.95	-11.42
EV/EBIT High	8.94	5.38	10.58	22.03	10.62	-23.76	22.71	14.96	22.55	-83.4	28.67	66.24	168.29	92.23	-11.42
EV/EBIT Low	4.05	3.58	6.89	6.6	6.04	-17.07	14.51	10.2	16.76	-45.63	21.65	53.88	132.45	73.74	-11.42
Last Price	6.37	6.33	8.07	16.4	16.11	13.45	16.87	20.13	12.51	23.77	22.75	25.05	22.2	16.9	21.8
High Price	6.59	6.51	8.66	18.23	18.67	17.99	23.22	29.53	24.5	42.93	43.05	28.95	28.62	30.6	26.7
Enterprise Value Average	15	12	22	28	50	62	88	114	147	135	227	202	193	190	216
Enterprise Value High	18	15	28	56	64	74	116	140	164	216	274	228	213	216	216
Enterprise Value Low	8	10	18	17	36	53	74	95	122	118	207	185	167	173	216

Shares Outstanding	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3
Diluted Weighted Avg Shares	4	4	4	4	4	3	3	3	3	3	3	3	3	3	- -
Basic Weighted Avg Shares	4	4	4	4	4	3	3	3	3	3	3	3	3	3	- -
Revenue per Share	24.38	28.09	27.83	31.69	41.65	46.57	63.48	70.61	84.84	60.76	61.49	86.87	101.86	106.13	- -
EBITDA per Share	0.66	0.89	0.93	0.96	2.05	0.03	2.45	5.44	4.65	0.18	3.97	2.67	1.44	2.44	- -
Operating Income per Share	0.56	0.74	0.72	0.72	1.69	-0.97	1.66	3.06	2.61	-0.9	3.32	1.21	0.45	0.85	- -
Basic EPS, GAAP	0.37	0.46	0.41	0.7	1.24	-1.01	0.74	0.44	2.74	-2.52	3.79	-4.32	-2.42	-2.23	- -
Basic EPS from Cont Ops	0.37	0.46	0.41	0.7	1.06	-1.55	0.8	1.38	1.14	-2.91	4.25	-4.14	-1.66	-1.97	- -
Diluted EPS, GAAP	0.37	0.45	0.4	0.7	1.23	-1.01	0.74	0.44	2.74	-2.52	3.78	-4.32	-2.42	-2.23	- -
Diluted EPS from Cont Ops	0.37	0.45	0.4	0.7	1.05	-1.55	0.8	1.37	1.13	-2.91	4.23	-4.14	-1.66	-1.97	- -
Dividend per Share	0.17	0.17	0.2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.21	1.19	-0.15	1.93	0.9	-2.37	-0.09	6.86	-8.98	-0.63	-11.49	5.94	6.1	8.54	- -
Free Cash Flow per Basic Share	0.21	1.19	-0.15	1.93	0.55	-2.37	-0.09	6.86	-8.98	-0.63	-11.49	5.94	6.1	8.54	- -
Cash & Equivalents per Share	1.59	2.51	1.44	5.27	2.89	1.54	1.66	4.65	2.73	4.3	2.25	2.04	2.71	2.31	- -
Book Value per Share	5.66	5.94	6.22	7.06	8.27	5.95	6.92	7.11	8.79	5.91	9.54	5.07	3.18	1.05	- -
Tangible Book Value per Share	7.38	7.66	7.56	8.42	9.52	5.59	6.69	7.74	9.63	5.37	4.55	1.06	-0.97	-5.46	- -

Air T, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)