Air Net Debt vs Total Revenue Analysis

AIRT Stock

USD 20.40 0.22 1.07%

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 Net Debt and its Total Revenue 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.

Net Debt vs Total Revenue

Net Debt vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air T Inc Net Debt account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Air T's Net Debt and Total Revenue is 0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Revenue 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 Net Debt and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Air T Inc are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Debt i.e., Air T's Net Debt and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Revenue

Total revenue comprises all receipts Air T Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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. Tax Provision is likely to gain to about 765.5 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	39.4M	48.8M	56.5M	59.3M
Total Revenue	177.1M	247.3M	286.8M	301.2M

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	0.69	0.83	-0.45	0.92	0.98	-0.03	0.11	0.97	0.63	-0.02	0.78	-0.84	0.96	0.97	0.9	-0.86	0.99	0.88	0.98	0.66	0.83	0.45	0.43	0.48
Short Long Term Debt Total	0.99		0.67	0.8	-0.56	0.91	1.0	-0.16	0.04	0.97	0.66	-0.11	0.74	-0.78	0.97	0.96	0.9	-0.83	0.99	0.88	0.96	0.64	0.86	0.39	0.48	0.53
Other Current Liab	0.69	0.67		0.72	-0.12	0.73	0.64	0.16	0.32	0.64	0.58	0.23	0.49	-0.68	0.58	0.68	0.54	-0.57	0.67	0.67	0.71	0.61	0.37	0.11	0.43	0.43
Total Current Liabilities	0.83	0.8	0.72		-0.38	0.87	0.8	-0.05	0.12	0.82	0.62	0.01	0.63	-0.78	0.66	0.77	0.56	-0.72	0.82	0.76	0.8	0.92	0.54	0.48	0.28	0.32
Total Stockholder Equity	-0.45	-0.56	-0.12	-0.38		-0.44	-0.58	0.89	0.3	-0.56	-0.62	0.45	-0.19	0.11	-0.57	-0.45	-0.44	0.42	-0.55	-0.45	-0.36	-0.27	-0.58	-0.19	-0.26	-0.34
Property Plant And Equipment Net	0.92	0.91	0.73	0.87	-0.44		0.92	-0.09	0.06	0.94	0.66	-0.08	0.65	-0.69	0.85	0.86	0.76	-0.71	0.92	0.94	0.87	0.77	0.73	0.32	0.48	0.51
Net Debt	0.98	1.0	0.64	0.8	-0.58	0.92		-0.19	0.0	0.98	0.67	-0.15	0.72	-0.75	0.97	0.96	0.91	-0.83	0.99	0.87	0.95	0.65	0.87	0.39	0.51	0.55
Retained Earnings	-0.03	-0.16	0.16	-0.05	0.89	-0.09	-0.19		0.42	-0.17	-0.41	0.54	0.15	-0.31	-0.17	-0.03	-0.06	0.02	-0.14	-0.1	0.08	-0.03	-0.28	0.03	-0.13	-0.19
Cash	0.11	0.04	0.32	0.12	0.3	0.06	0.0	0.42		0.0	-0.24	0.94	0.0	-0.29	0.03	0.11	-0.05	-0.05	0.06	-0.02	0.19	0.17	-0.18	-0.13	0.03	0.03
Non Current Assets Total	0.97	0.97	0.64	0.82	-0.56	0.94	0.98	-0.17	0.0		0.64	-0.13	0.77	-0.72	0.94	0.9	0.84	-0.8	0.98	0.91	0.91	0.67	0.89	0.4	0.4	0.46
Non Currrent Assets Other	0.63	0.66	0.58	0.62	-0.62	0.66	0.67	-0.41	-0.24	0.64		-0.26	0.5	-0.51	0.62	0.6	0.61	-0.75	0.68	0.68	0.59	0.4	0.49	0.51	0.2	0.23
Cash And Short Term Investments	-0.02	-0.11	0.23	0.01	0.45	-0.08	-0.15	0.54	0.94	-0.13	-0.26		-0.04	-0.23	-0.1	-0.03	-0.14	-0.06	-0.07	-0.13	0.07	0.03	-0.29	-0.08	-0.12	-0.13
Net Receivables	0.78	0.74	0.49	0.63	-0.19	0.65	0.72	0.15	0.0	0.77	0.5	-0.04		-0.76	0.73	0.65	0.7	-0.72	0.76	0.68	0.75	0.39	0.76	0.67	-0.06	-0.01
Common Stock Shares Outstanding	-0.84	-0.78	-0.68	-0.78	0.11	-0.69	-0.75	-0.31	-0.29	-0.72	-0.51	-0.23	-0.76		-0.72	-0.84	-0.72	0.82	-0.8	-0.68	-0.89	-0.59	-0.49	-0.64	-0.21	-0.26
Non Current Liabilities Total	0.96	0.97	0.58	0.66	-0.57	0.85	0.97	-0.17	0.03	0.94	0.62	-0.1	0.73	-0.72		0.94	0.95	-0.82	0.97	0.84	0.94	0.47	0.89	0.37	0.46	0.52
Inventory	0.97	0.96	0.68	0.77	-0.45	0.86	0.96	-0.03	0.11	0.9	0.6	-0.03	0.65	-0.84	0.94		0.92	-0.84	0.96	0.81	0.98	0.63	0.74	0.38	0.55	0.58
Other Current Assets	0.9	0.9	0.54	0.56	-0.44	0.76	0.91	-0.06	-0.05	0.84	0.61	-0.14	0.7	-0.72	0.95	0.92		-0.82	0.9	0.74	0.91	0.35	0.81	0.45	0.47	0.51
Other Stockholder Equity	-0.86	-0.83	-0.57	-0.72	0.42	-0.71	-0.83	0.02	-0.05	-0.8	-0.75	-0.06	-0.72	0.82	-0.82	-0.84	-0.82		-0.86	-0.7	-0.87	-0.48	-0.67	-0.63	-0.24	-0.29
Total Liab	0.99	0.99	0.67	0.82	-0.55	0.92	0.99	-0.14	0.06	0.98	0.68	-0.07	0.76	-0.8	0.97	0.96	0.9	-0.86		0.88	0.97	0.65	0.84	0.45	0.44	0.49
Property Plant And Equipment Gross	0.88	0.88	0.67	0.76	-0.45	0.94	0.87	-0.1	-0.02	0.91	0.68	-0.13	0.68	-0.68	0.84	0.81	0.74	-0.7	0.88		0.83	0.57	0.71	0.38	0.31	0.37
Total Current Assets	0.98	0.96	0.71	0.8	-0.36	0.87	0.95	0.08	0.19	0.91	0.59	0.07	0.75	-0.89	0.94	0.98	0.91	-0.87	0.97	0.83		0.64	0.75	0.45	0.45	0.48
Short Term Debt	0.66	0.64	0.61	0.92	-0.27	0.77	0.65	-0.03	0.17	0.67	0.4	0.03	0.39	-0.59	0.47	0.63	0.35	-0.48	0.65	0.57	0.64		0.39	0.19	0.43	0.43
Intangible Assets	0.83	0.86	0.37	0.54	-0.58	0.73	0.87	-0.28	-0.18	0.89	0.49	-0.29	0.76	-0.49	0.89	0.74	0.81	-0.67	0.84	0.71	0.75	0.39		0.31	0.35	0.41
Accounts Payable	0.45	0.39	0.11	0.48	-0.19	0.32	0.39	0.03	-0.13	0.4	0.51	-0.08	0.67	-0.64	0.37	0.38	0.45	-0.63	0.45	0.38	0.45	0.19	0.31		-0.35	-0.28
Common Stock Total Equity	0.43	0.48	0.43	0.28	-0.26	0.48	0.51	-0.13	0.03	0.4	0.2	-0.12	-0.06	-0.21	0.46	0.55	0.47	-0.24	0.44	0.31	0.45	0.43	0.35	-0.35		0.98
Common Stock	0.48	0.53	0.43	0.32	-0.34	0.51	0.55	-0.19	0.03	0.46	0.23	-0.13	-0.01	-0.26	0.52	0.58	0.51	-0.29	0.49	0.37	0.48	0.43	0.41	-0.28	0.98

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Air T Account Relationship Matchups

Air T fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	151.4M	140.8M	207.6M	189.6M	177.2M	186.0M
Short Long Term Debt Total	94.5M	95.9M	144.0M	137.5M	125.2M	131.5M
Other Current Liab	11.2M	11.4M	11.9M	11.5M	8.2M	4.2M
Total Current Liabilities	67.7M	28.2M	30.9M	64.3M	46.8M	49.2M
Total Stockholder Equity	24.0M	13.7M	24.6M	11.9M	4.8M	4.5M
Property Plant And Equipment Net	41.3M	18.4M	43.1M	33.2M	32.2M	33.8M
Net Debt	88.5M	84.9M	138.4M	131.7M	118.1M	124.0M
Retained Earnings	23.8M	16.3M	26.7M	13.7M	8.2M	9.6M
Cash	6.0M	11.0M	5.6M	5.8M	7.1M	4.1M
Non Current Assets Total	52.9M	35.0M	79.4M	73.0M	74.3M	78.0M
Non Currrent Assets Other	30K	7.3M	219K	1.5M	1.4M	1.5M
Cash And Short Term Investments	7.6M	12.4M	6.5M	5.8M	7.1M	5.4M
Net Receivables	14.3M	10.9M	32.1M	28.7M	26.0M	27.3M
Common Stock Shares Outstanding	2.8M	2.9M	2.9M	2.8M	2.8M	3.1M
Liabilities And Stockholders Equity	151.4M	140.8M	207.6M	189.6M	177.2M	186.0M
Non Current Liabilities Total	52.6M	91.3M	140.2M	99.6M	111.5M	117.1M
Inventory	60.6M	72.0M	75.2M	71.1M	60.7M	63.8M
Other Current Assets	5.3M	10.5M	14.5M	9.2M	9.1M	9.5M
Other Stockholder Equity	19K	(2.6M)	(2.6M)	(3.4M)	(4.1M)	(3.9M)
Total Liab	120.3M	119.4M	171.1M	163.9M	158.4M	166.3M
Property Plant And Equipment Gross	41.3M	18.4M	49.3M	21.4M	40.2M	42.2M
Total Current Assets	98.5M	105.8M	128.2M	116.6M	102.9M	108.0M
Accumulated Other Comprehensive Income	(537K)	(684K)	(263K)	816K	(80K)	(84K)
Short Term Debt	43.9M	8.4M	9.4M	42.1M	17.9M	18.8M
Intangible Assets	749K	1.6M	13.3M	12.1M	11.0M	11.5M
Accounts Payable	10.9M	8.3M	9.4M	10.4M	15.1M	15.8M
Common Stock Total Equity	510.9K	505.7K	756K	757K	681.3K	515.6K
Short Term Investments	1.7M	1.4M	859K	2.2M	1.4M	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	43.1M	81.9M	129.3M	86.3M	98.6M	103.5M
Property Plant Equipment	5.3M	18.4M	43.1M	21.4M	24.7M	25.9M
Current Deferred Revenue	1.9M	1.4M	4.7M	304K	5.6M	5.8M
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
Capital Surpluse	4.2M	2.9M	2.6M	728K	655.2K	622.4K

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