Air Common Stock vs Accounts Payable Analysis

AIRT Stock

USD 21.33 0.25 1.16%

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 Common Stock and its Accounts Payable 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.

Common Stock vs Accounts Payable

Common Stock vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air T Inc Common Stock account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Air T's Common Stock and Accounts Payable is -0.35. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Accounts Payable 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 Common Stock and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Air T Inc are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock i.e., Air T's Common Stock and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Common Stock

Accounts Payable

An accounting item on the balance sheet that represents Air T obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Air T Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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 Enterprise Value Multiple is likely to drop 16.95 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		0.97	0.84	0.83	-0.45	0.92	0.98	-0.03	0.11	0.97	0.63	-0.02	0.76	-0.84	0.96	0.97	0.83	-0.85	0.99	0.88	0.98	0.74	0.83	0.45	0.43	0.44
Short Long Term Debt Total	0.97		0.85	0.78	-0.62	0.9	0.97	-0.22	0.04	0.98	0.62	-0.12	0.67	-0.74	0.97	0.94	0.74	-0.8	0.99	0.87	0.93	0.8	0.87	0.41	0.43	0.43
Other Current Liab	0.84	0.85		0.85	-0.53	0.81	0.8	-0.18	0.19	0.86	0.64	0.08	0.58	-0.72	0.77	0.79	0.48	-0.73	0.85	0.81	0.81	0.81	0.63	0.36	0.2	0.2
Total Current Liabilities	0.83	0.78	0.85		-0.38	0.87	0.8	-0.05	0.12	0.82	0.62	0.01	0.61	-0.78	0.66	0.77	0.62	-0.71	0.82	0.76	0.8	0.88	0.54	0.48	0.28	0.29
Total Stockholder Equity	-0.45	-0.62	-0.53	-0.38		-0.45	-0.55	0.89	0.3	-0.56	-0.63	0.46	-0.11	0.12	-0.57	-0.45	-0.24	0.39	-0.55	-0.45	-0.36	-0.55	-0.58	-0.19	-0.26	-0.27
Property Plant And Equipment Net	0.92	0.9	0.81	0.87	-0.45		0.92	-0.1	0.05	0.95	0.66	-0.09	0.63	-0.69	0.85	0.86	0.75	-0.71	0.92	0.94	0.87	0.78	0.73	0.32	0.48	0.48
Net Debt	0.98	0.97	0.8	0.8	-0.55	0.92		-0.16	0.0	0.97	0.68	-0.15	0.69	-0.76	0.97	0.97	0.84	-0.82	0.99	0.86	0.96	0.72	0.85	0.37	0.54	0.54
Retained Earnings	-0.03	-0.22	-0.18	-0.05	0.89	-0.1	-0.16		0.42	-0.17	-0.42	0.55	0.22	-0.3	-0.17	-0.03	0.09	-0.01	-0.14	-0.1	0.08	-0.25	-0.28	0.03	-0.13	-0.13
Cash	0.11	0.04	0.19	0.12	0.3	0.05	0.0	0.42		0.0	-0.24	0.93	0.01	-0.29	0.03	0.11	-0.19	-0.06	0.06	-0.02	0.19	0.07	-0.18	-0.13	0.03	0.02
Non Current Assets Total	0.97	0.98	0.86	0.82	-0.56	0.95	0.97	-0.17	0.0		0.64	-0.14	0.73	-0.72	0.94	0.9	0.78	-0.78	0.98	0.91	0.91	0.8	0.89	0.4	0.4	0.4
Non Currrent Assets Other	0.63	0.62	0.64	0.62	-0.63	0.66	0.68	-0.42	-0.24	0.64		-0.26	0.49	-0.51	0.63	0.6	0.61	-0.76	0.68	0.68	0.59	0.44	0.5	0.51	0.2	0.2
Cash And Short Term Investments	-0.02	-0.12	0.08	0.01	0.46	-0.09	-0.15	0.55	0.93	-0.14	-0.26		-0.03	-0.22	-0.11	-0.03	-0.23	-0.07	-0.08	-0.14	0.07	-0.07	-0.3	-0.09	-0.13	-0.13
Net Receivables	0.76	0.67	0.58	0.61	-0.11	0.63	0.69	0.22	0.01	0.73	0.49	-0.03		-0.76	0.69	0.63	0.79	-0.69	0.72	0.65	0.74	0.45	0.72	0.65	-0.05	-0.05
Common Stock Shares Outstanding	-0.84	-0.74	-0.72	-0.78	0.12	-0.69	-0.76	-0.3	-0.29	-0.72	-0.51	-0.22	-0.76		-0.73	-0.84	-0.7	0.83	-0.8	-0.68	-0.89	-0.59	-0.49	-0.64	-0.21	-0.21
Non Current Liabilities Total	0.96	0.97	0.77	0.66	-0.57	0.85	0.97	-0.17	0.03	0.94	0.63	-0.11	0.69	-0.73		0.94	0.8	-0.81	0.97	0.84	0.94	0.63	0.89	0.37	0.46	0.47
Inventory	0.97	0.94	0.79	0.77	-0.45	0.86	0.97	-0.03	0.11	0.9	0.6	-0.03	0.63	-0.84	0.94		0.8	-0.84	0.96	0.81	0.98	0.67	0.74	0.38	0.55	0.55
Other Current Assets	0.83	0.74	0.48	0.62	-0.24	0.75	0.84	0.09	-0.19	0.78	0.61	-0.23	0.79	-0.7	0.8	0.8		-0.76	0.81	0.69	0.82	0.4	0.75	0.53	0.42	0.42
Other Stockholder Equity	-0.85	-0.8	-0.73	-0.71	0.39	-0.71	-0.82	-0.01	-0.06	-0.78	-0.76	-0.07	-0.69	0.83	-0.81	-0.84	-0.76		-0.85	-0.69	-0.86	-0.57	-0.65	-0.62	-0.25	-0.25
Total Liab	0.99	0.99	0.85	0.82	-0.55	0.92	0.99	-0.14	0.06	0.98	0.68	-0.08	0.72	-0.8	0.97	0.96	0.81	-0.85		0.88	0.97	0.76	0.84	0.45	0.44	0.44
Property Plant And Equipment Gross	0.88	0.87	0.81	0.76	-0.45	0.94	0.86	-0.1	-0.02	0.91	0.68	-0.14	0.65	-0.68	0.84	0.81	0.69	-0.69	0.88		0.83	0.71	0.71	0.38	0.31	0.31
Total Current Assets	0.98	0.93	0.81	0.8	-0.36	0.87	0.96	0.08	0.19	0.91	0.59	0.07	0.74	-0.89	0.94	0.98	0.82	-0.86	0.97	0.83		0.68	0.75	0.45	0.45	0.45
Short Term Debt	0.74	0.8	0.81	0.88	-0.55	0.78	0.72	-0.25	0.07	0.8	0.44	-0.07	0.45	-0.59	0.63	0.67	0.4	-0.57	0.76	0.71	0.68		0.6	0.38	0.23	0.23
Intangible Assets	0.83	0.87	0.63	0.54	-0.58	0.73	0.85	-0.28	-0.18	0.89	0.5	-0.3	0.72	-0.49	0.89	0.74	0.75	-0.65	0.84	0.71	0.75	0.6		0.31	0.35	0.35
Accounts Payable	0.45	0.41	0.36	0.48	-0.19	0.32	0.37	0.03	-0.13	0.4	0.51	-0.09	0.65	-0.64	0.37	0.38	0.53	-0.62	0.45	0.38	0.45	0.38	0.31		-0.35	-0.35
Common Stock Total Equity	0.43	0.43	0.2	0.28	-0.26	0.48	0.54	-0.13	0.03	0.4	0.2	-0.13	-0.05	-0.21	0.46	0.55	0.42	-0.25	0.44	0.31	0.45	0.23	0.35	-0.35		1.0
Common Stock	0.44	0.43	0.2	0.29	-0.27	0.48	0.54	-0.13	0.02	0.4	0.2	-0.13	-0.05	-0.21	0.47	0.55	0.42	-0.25	0.44	0.31	0.45	0.23	0.35	-0.35	1.0

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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	158.1M	166.1M
Other Current Liab	11.2M	11.5M	8.9M	13.1M	15.1M	15.9M
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	32.5M	34.1M
Net Debt	88.5M	84.9M	138.4M	131.7M	105.8M	111.1M
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	3.6M	3.8M
Cash And Short Term Investments	7.6M	12.4M	6.5M	5.8M	6.7M	5.3M
Net Receivables	14.3M	10.9M	32.1M	28.7M	22.9M	24.1M
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	218.0M	228.9M
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	4.1M	10.1M	7.5M	4.6M	4.8M
Other Stockholder Equity	19K	(2.6M)	(2.6M)	(3.4M)	(3.0M)	(2.9M)
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	734.4K	771.1K
Short Term Debt	43.9M	7.0M	7.9M	40.4M	46.5M	48.8M
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	2.5M	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	349.6K	332.1K
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

Pair Trading with Air T

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air T position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air T will appreciate offsetting losses from the drop in the long position's value.

Moving against Air Stock

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0.48	CP	Canadian Pacific Railway Sell-off Trend	Pair Corr
0.47	LUV	Southwest Airlines Financial Report 25th of July 2024	Pair Corr
0.39	RXO	RXO Inc Trending	Pair Corr

The ability to find closely correlated positions to Air T could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air T when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air T - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air T Inc to buy it.

The correlation of Air T is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air T moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air T Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Air T can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Air Stock Analysis

When running Air T's price analysis, check to measure Air T's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.

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