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Air Industries Group  (AIRI)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods

Air Industries Group's Tangible Leverage Ratio

AIRI's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to repayements of liabilities of -23.92% Air Industries Group improved Tangible Leverage Ratio in third quarter 2023 to 2.33, below the company's average Tangible Leverage Ratio.

Within Aerospace & Defense industry in the third quarter 2023, 24 other companies have achieved lower Tangible Leverage Ratio than Air Industries Group in the III Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the third quarter 2023 to 2666, from total ranking in the second quarter 2023 at 3082 .

Explain Tangible Leverage Ratio?
What is AIRI Market Share?
What are AIRI´s Total Liabilities?


AIRI Tangible Leverage Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Tangible Equity Change -14.45 % -7.65 % -5.76 % -2.25 % 12.85 %
Y / Y Total Liabilities Change -10.97 % 7.18 % 26.23 % 22.91 % 3.12 %
Tangible Leverage Ratio MRQ 2.33 2.83 2.7 2.63 2.24
AIRI's Total Ranking # 2666 # 3082 # 3094 # 3011 # 2843
Seq. Tangible Equity Change -7.53 % -0.94 % -3.08 % -3.63 % -0.19 %
Seq. Total Liabilities Change -23.92 % 3.55 % -0.35 % 13.41 % -8.41 %



Tangible Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Aerospace & Defense Industry # 25
Capital Goods Sector # 205
Overall Market # 2666


Tangible Leverage Ratio Statistics
High Average Low
4.18 2.35 0.9
(Jun 30 2019)   (Sep 30 2014)




Financial Statements
Air Industries Group's Tangible Equity $ 15 Millions Visit AIRI's Balance sheet
Air Industries Group's Total Liabilities $ 35 Millions Visit AIRI's Balance sheet
Source of AIRI's Sales Visit AIRI's Sales by Geography


Cumulative Air Industries Group's Tangible Leverage Ratio

AIRI's Tangible Leverage Ratio for the trailling 12 Months

AIRI Tangible Leverage Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Tangible Equity TTM Growth -14.45 % -7.65 % -5.76 % -2.25 % 12.85 %
Y / Y Total Liabilities TTM Growth -10.97 % 7.18 % 26.23 % 22.91 % 3.12 %
Tangible Leverage Ratio TTM 2.63 2.59 2.5 2.33 2.2
Total Ranking TTM # 2394 # 2471 # 2488 # 2724 # 2544
Seq. Tangible Equity TTM Growth -7.53 % -0.94 % -3.08 % -3.63 % -0.19 %
Seq. Total Liabilities TTM Growth -23.92 % 3.55 % -0.35 % 13.41 % -8.41 %


On the trailing twelve months basis Despite of the repayements of liabilities of -23.92% in the trailing twelve months ending in III Quarter 2023, Tangible Leverage Ratio improved to 2.63, above Air Industries Group's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Aerospace & Defense industry AIRI recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 18, from total ranking in previous 12 month period at 152.

Explain Tangible Leverage Ratio?
What is AIRI Market Share?
What are AIRI´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Aerospace & Defense Industry # 1
Capital Goods Sector # 10
Within the Market # 2666


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1.85 1.23 0.58
(Dec 31 2019)   (Sep. 30, 2014)




Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2023, within Aerospace & Defense Industry Tangible Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Tangible Equity
Ageagle Aerial Systems Inc   5.02 $ 12.613  Millions$ 2.515  Millions
Astronics Corporation  3.54 $ 373.439  Millions$ 105.556  Millions
Air Industries Group  2.33 $ 34.770  Millions$ 14.949  Millions
Ducommun Incorporated  2.14 $ 471.489  Millions$ 220.137  Millions
Textron Inc   1.97 $ 9,425.000  Millions$ 4,786.000  Millions
Kratos Defense and Security Solutions inc   1.85 $ 637.400  Millions$ 344.500  Millions
Nextnav Inc   1.76 $ 92.863  Millions$ 52.671  Millions
Leonardo Drs Inc   1.27 $ 1,079.000  Millions$ 850.000  Millions
Axon Enterprise inc   1.20 $ 1,733.066  Millions$ 1,443.449  Millions
Applied Energetics Inc   0.82 $ 1.994  Millions$ 2.421  Millions
Aar Corp  0.79 $ 698.300  Millions$ 881.900  Millions
Wrap Technologies Inc   0.71 $ 11.096  Millions$ 15.641  Millions
Rocket Lab Usa Inc   0.52 $ 230.898  Millions$ 444.378  Millions
Mind Technology Inc  0.48 $ 8.632  Millions$ 18.130  Millions

Date modified: 2023-12-07T15:13:50+00:00



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