Air Change In Cash vs Other Non Cash Items Analysis

AIRT Stock

USD 19.82 0.12 0.61%

Air T financial indicator trend analysis is way more than just evaluating Air T Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air T Inc is a good investment. Please check the relationship between Air T Change In Cash and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Change In Cash vs Other Non Cash Items

Change In Cash vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air T Inc Change In Cash account and Other Non Cash Items. At this time, the significance of the direction appears to have strong relationship.

The correlation between Air T's Change In Cash and Other Non Cash Items is 0.64. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Air T Inc, assuming nothing else is changed. The correlation between historical values of Air T's Change In Cash and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Air T Inc are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change In Cash i.e., Air T's Change In Cash and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Change In Cash

Other Non Cash Items

Most indicators from Air T's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air T Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Air T's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to 4,830 in 2025, whereas Tax Provision is likely to drop slightly above 331.8 K in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	48.8M	56.5M	65.0M	68.2M
Total Revenue	247.3M	286.8M	329.9M	346.4M

Gross Profit Total Revenue

Air T fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.78	0.85	-0.54	0.93	0.99	-0.13	0.12	0.98	0.63	-0.03	0.82	-0.84	0.97	0.97	0.91	-0.86	0.99	0.9	0.99	0.67	0.86	0.55	0.43	0.44
Short Long Term Debt Total	0.99		0.76	0.83	-0.63	0.92	1.0	-0.24	0.06	0.98	0.66	-0.11	0.79	-0.79	0.98	0.97	0.91	-0.84	1.0	0.9	0.97	0.65	0.88	0.5	0.48	0.49
Other Current Liab	0.78	0.76		0.79	-0.29	0.81	0.74	0.04	0.27	0.75	0.65	0.18	0.59	-0.71	0.69	0.77	0.64	-0.68	0.76	0.76	0.79	0.66	0.51	0.25	0.33	0.33
Total Current Liabilities	0.85	0.83	0.79		-0.46	0.88	0.82	-0.13	0.13	0.85	0.64	0.0	0.68	-0.79	0.71	0.8	0.62	-0.74	0.85	0.8	0.82	0.91	0.61	0.55	0.3	0.31
Total Stockholder Equity	-0.54	-0.63	-0.29	-0.46		-0.52	-0.65	0.9	0.23	-0.63	-0.63	0.42	-0.31	0.23	-0.64	-0.53	-0.52	0.47	-0.62	-0.54	-0.46	-0.32	-0.65	-0.32	-0.36	-0.37
Property Plant And Equipment Net	0.93	0.92	0.81	0.88	-0.52		0.93	-0.18	0.07	0.95	0.66	-0.09	0.7	-0.72	0.87	0.88	0.79	-0.74	0.93	0.94	0.89	0.77	0.77	0.42	0.47	0.48
Net Debt	0.99	1.0	0.74	0.82	-0.65	0.93		-0.27	0.02	0.98	0.67	-0.14	0.77	-0.77	0.98	0.97	0.92	-0.84	0.99	0.9	0.96	0.66	0.89	0.49	0.51	0.52
Retained Earnings	-0.13	-0.24	0.04	-0.13	0.9	-0.18	-0.27		0.37	-0.27	-0.44	0.53	0.03	-0.18	-0.26	-0.12	-0.14	0.08	-0.23	-0.2	-0.03	-0.07	-0.35	-0.08	-0.2	-0.21
Cash	0.12	0.06	0.27	0.13	0.23	0.07	0.02	0.37		0.03	-0.22	0.93	0.02	-0.31	0.06	0.12	-0.02	-0.08	0.08	0.01	0.19	0.17	-0.12	-0.1	0.05	0.05
Non Current Assets Total	0.98	0.98	0.75	0.85	-0.63	0.95	0.98	-0.27	0.03		0.64	-0.13	0.82	-0.74	0.95	0.91	0.86	-0.8	0.98	0.93	0.93	0.67	0.91	0.52	0.41	0.42
Non Currrent Assets Other	0.63	0.66	0.65	0.64	-0.63	0.66	0.67	-0.44	-0.22	0.64		-0.25	0.52	-0.53	0.63	0.61	0.63	-0.76	0.67	0.68	0.6	0.42	0.51	0.53	0.24	0.24
Cash And Short Term Investments	-0.03	-0.11	0.18	0.0	0.42	-0.09	-0.14	0.53	0.93	-0.13	-0.25		-0.05	-0.21	-0.1	-0.04	-0.14	-0.07	-0.08	-0.13	0.06	0.03	-0.26	-0.09	-0.13	-0.13
Net Receivables	0.82	0.79	0.59	0.68	-0.31	0.7	0.77	0.03	0.02	0.82	0.52	-0.05		-0.77	0.78	0.71	0.74	-0.75	0.8	0.74	0.79	0.43	0.81	0.73	-0.01	0.0
Common Stock Shares Outstanding	-0.84	-0.79	-0.71	-0.79	0.23	-0.72	-0.77	-0.18	-0.31	-0.74	-0.53	-0.21	-0.77		-0.75	-0.84	-0.74	0.84	-0.81	-0.71	-0.88	-0.59	-0.56	-0.67	-0.28	-0.28
Non Current Liabilities Total	0.97	0.98	0.69	0.71	-0.64	0.87	0.98	-0.26	0.06	0.95	0.63	-0.1	0.78	-0.75		0.95	0.95	-0.83	0.98	0.87	0.95	0.5	0.91	0.49	0.47	0.48
Inventory	0.97	0.97	0.77	0.8	-0.53	0.88	0.97	-0.12	0.12	0.91	0.61	-0.04	0.71	-0.84	0.95		0.93	-0.85	0.97	0.83	0.98	0.65	0.78	0.47	0.54	0.54
Other Current Assets	0.91	0.91	0.64	0.62	-0.52	0.79	0.92	-0.14	-0.02	0.86	0.63	-0.14	0.74	-0.74	0.95	0.93		-0.84	0.91	0.78	0.92	0.38	0.84	0.53	0.47	0.48
Other Stockholder Equity	-0.86	-0.84	-0.68	-0.74	0.47	-0.74	-0.84	0.08	-0.08	-0.8	-0.76	-0.07	-0.75	0.84	-0.83	-0.85	-0.84		-0.86	-0.72	-0.88	-0.51	-0.7	-0.67	-0.31	-0.32
Total Liab	0.99	1.0	0.76	0.85	-0.62	0.93	0.99	-0.23	0.08	0.98	0.67	-0.08	0.8	-0.81	0.98	0.97	0.91	-0.86		0.91	0.97	0.66	0.88	0.55	0.44	0.45
Property Plant And Equipment Gross	0.9	0.9	0.76	0.8	-0.54	0.94	0.9	-0.2	0.01	0.93	0.68	-0.13	0.74	-0.71	0.87	0.83	0.78	-0.72	0.91		0.86	0.59	0.77	0.49	0.34	0.34
Total Current Assets	0.99	0.97	0.79	0.82	-0.46	0.89	0.96	-0.03	0.19	0.93	0.6	0.06	0.79	-0.88	0.95	0.98	0.92	-0.88	0.97	0.86		0.65	0.8	0.53	0.44	0.45
Short Term Debt	0.67	0.65	0.66	0.91	-0.32	0.77	0.66	-0.07	0.17	0.67	0.42	0.03	0.43	-0.59	0.5	0.65	0.38	-0.51	0.66	0.59	0.65		0.43	0.25	0.42	0.42
Intangible Assets	0.86	0.88	0.51	0.61	-0.65	0.77	0.89	-0.35	-0.12	0.91	0.51	-0.26	0.81	-0.56	0.91	0.78	0.84	-0.7	0.88	0.77	0.8	0.43		0.44	0.38	0.38
Accounts Payable	0.55	0.5	0.25	0.55	-0.32	0.42	0.49	-0.08	-0.1	0.52	0.53	-0.09	0.73	-0.67	0.49	0.47	0.53	-0.67	0.55	0.49	0.53	0.25	0.44		-0.26	-0.25
Common Stock Total Equity	0.43	0.48	0.33	0.3	-0.36	0.47	0.51	-0.2	0.05	0.41	0.24	-0.13	-0.01	-0.28	0.47	0.54	0.47	-0.31	0.44	0.34	0.44	0.42	0.38	-0.26		1.0
Common Stock	0.44	0.49	0.33	0.31	-0.37	0.48	0.52	-0.21	0.05	0.42	0.24	-0.13	0.0	-0.28	0.48	0.54	0.48	-0.32	0.45	0.34	0.45	0.42	0.38	-0.25	1.0

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Air T Account Relationship Matchups

Air T fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	140.8M	207.6M	189.6M	177.2M	203.7M	213.9M
Short Long Term Debt Total	95.9M	144.0M	137.5M	125.2M	144.0M	151.2M
Other Current Liab	11.4M	11.9M	11.5M	8.2M	9.4M	9.9M
Total Current Liabilities	28.2M	30.9M	64.3M	46.8M	53.9M	56.6M
Total Stockholder Equity	13.7M	24.6M	11.9M	4.8M	5.5M	5.2M
Property Plant And Equipment Net	18.4M	43.1M	33.2M	32.2M	37.1M	38.9M
Net Debt	84.9M	138.4M	131.7M	118.1M	135.8M	142.6M
Retained Earnings	16.3M	26.7M	13.7M	8.2M	9.4M	9.6M
Cash	11.0M	5.6M	5.8M	7.1M	8.2M	4.1M
Non Current Assets Total	35.0M	79.4M	73.0M	74.3M	85.4M	89.7M
Non Currrent Assets Other	7.3M	219K	1.5M	1.4M	1.3M	1.4M
Cash And Short Term Investments	12.4M	6.5M	5.8M	7.1M	8.2M	5.4M
Net Receivables	10.9M	32.1M	28.7M	26.0M	29.9M	31.4M
Common Stock Shares Outstanding	2.9M	2.9M	2.8M	2.8M	2.5M	3.1M
Liabilities And Stockholders Equity	140.8M	207.6M	189.6M	177.2M	203.7M	213.9M
Non Current Liabilities Total	91.3M	140.2M	99.6M	111.5M	128.3M	134.7M
Inventory	72.0M	75.2M	71.1M	60.7M	69.8M	73.3M
Other Current Assets	10.5M	14.5M	9.2M	9.1M	10.4M	10.9M
Other Stockholder Equity	(2.6M)	(2.6M)	(3.4M)	(4.1M)	(3.7M)	(3.5M)
Total Liab	119.4M	171.1M	163.9M	158.4M	182.1M	191.2M
Property Plant And Equipment Gross	18.4M	49.3M	21.4M	40.2M	46.2M	48.5M
Total Current Assets	105.8M	128.2M	116.6M	102.9M	118.3M	124.2M
Accumulated Other Comprehensive Income	(684K)	(263K)	816K	(80K)	(72K)	(75.6K)
Short Term Debt	8.4M	9.4M	42.1M	17.9M	20.6M	21.6M
Intangible Assets	1.6M	13.3M	12.1M	11.0M	12.6M	13.3M
Accounts Payable	8.3M	9.4M	10.4M	15.1M	17.3M	18.2M
Short Term Investments	1.4M	859K	2.2M	1.4M	1.6M	1.8M
Other Liab	1.1M	1.7M	4.2M	2.5M	2.8M	1.7M
Other Assets	609K	7.9M	3.0M	3.9M	4.5M	2.5M
Long Term Debt	81.9M	129.3M	86.3M	98.6M	113.4M	119.0M
Property Plant Equipment	5.3M	18.4M	43.1M	21.4M	24.7M	25.9M
Current Deferred Revenue	1.4M	4.7M	304K	5.6M	6.4M	6.7M
Net Tangible Assets	25.1M	9.5M	1.2M	1.9M	1.8M	1.7M
Noncontrolling Interest In Consolidated Entity	(1.0M)	1.0M	989K	1.1M	1.2M	1.3M
Retained Earnings Total Equity	21.2M	23.8M	16.3M	13.7M	12.3M	16.8M

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