Air T Inc

NASDAQ AIRT

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Air T Inc Interest Expense To Sales 2 year CAGR for the quarter ending December 31, 2023: -6.14%

Air T Inc Interest Expense To Sales 2 year CAGR is -6.14% for the quarter ending December 31, 2023, a -119.97% change year over year. The interest expense to sales ratio is a financial metric that represents the proportion of a company's revenue that is used to cover its interest expenses. It is calculated by dividing the company's interest expense by its total revenue. This ratio indicates the financial burden of interest payments on the company's operating income. A higher ratio suggests that a significant portion of the company's revenue is being used to service interest obligations, potentially affecting its profitability. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Air T Inc Interest Expense To Sales for the quarter ending December 31, 2022 was 3.59%, a 31.95% change year over year.
  • Air T Inc Interest Expense To Sales for the quarter ending December 31, 2021 was 2.72%, a 29.57% change year over year.
  • Air T Inc Interest Expense To Sales for the quarter ending December 31, 2020 was 2.10%, a 25.43% change year over year.
  • Air T Inc Interest Expense To Sales for the quarter ending December 31, 2019 was 1.67%, a -10.23% change year over year.
NASDAQ: AIRT

Air T Inc

CEO Mr. Nicholas John Swenson
IPO Date April 24, 1984
Location United States
Headquarters 5930 Balsom Ridge Road, Denver, NC, United States, 28037
Employees 584
Sector Industrials
Industry Conglomerates
Description

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx. The Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.

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StockViz Staff

September 19, 2024

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