Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 4.06 is 67% below its 5-year average of 12.33, near the low end of its 5-year range (-191.88–2118.67).
As of the fiscal period ended Tuesday, June 30, 2026. 98.93% below its 12-month average of 380.60.
Reported quarterly debt to equity ratio; no daily interpolation. Q1 FY2027 (2026-06-30): 4.06.
DEBT TO EQUITY RATIO
4.06
DEBT TO EQUITY RATIO AVG TTM
380.60
DEBT TO EQUITY RATIO AVG 3Y
12.34
DEBT TO EQUITY RATIO AVG 5Y
12.33
DEBT TO EQUITY RATIO AVG 10Y
4.43
DEBT TO EQUITY RATIO AVG 15Y
2.74
DEBT TO EQUITY RATIO AVG 20Y
1.56
CURRENT VS TTM AVG
-98.93%
CURRENT VS 3Y AVG
-67.10%
CURRENT VS 5Y AVG
-67.06%
CURRENT VS 10Y AVG
-8.33%
CURRENT VS 15Y AVG
+48.39%
CURRENT VS 20Y AVG
+160.54%
SECTOR MEDIAN · INDUSTRIALS
0.47
median of 367 covered companies
CURRENT VS SECTOR MEDIAN
+764.04%
vs the sector median at left
Market Cap
$82.38M
Debt to Equity Ratio
0.04
TTM Avg
0.06
3Y Avg
0.05
5Y Avg
0.06
Market Cap
$77.60M
Debt to Equity Ratio
0.09
TTM Avg
0.10
3Y Avg
0.07
5Y Avg
0.06
Market Cap
$87.94M
Debt to Equity Ratio
0.03
TTM Avg
0.02
3Y Avg
0.02
5Y Avg
0.02
Market Cap
$73.56M
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
5.40
5Y Avg
5.40
Market Cap
$72.84M
Debt to Equity Ratio
0.59
TTM Avg
0.70
3Y Avg
0.49
5Y Avg
0.51
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air T, Inc. (AIRT) | $81.83M | 4.06 | 380.60 | 12.34 | 12.33 |
| Byrna Technologies Inc. (BYRN)vs › | $82.38M | 0.04 | 0.06 | 0.05 | 0.06 |
| Air T, Inc. (AIRTP)vs › | $78.89M | 4.06 | 2.82 | 13.54 | 10.69 |
| Momentus Inc. (MNTS)vs › | $78.24M | 0.07 | 0.66 | 1.28 | 1.02 |
| Blink Charging Co. (BLNK)vs › | $77.60M | 0.09 | 0.10 | 0.07 | 0.06 |
| Arq, Inc. (ARQ)vs › | $86.74M | 0.10 | 0.19 | 0.16 | 0.17 |
| Hadron Energy, Inc. (HDRN)vs › | $87.94M | 0.03 | 0.02 | 0.02 | 0.02 |
| Elite Express Holding Inc. (ETS)vs › | $73.56M | 0.00 | 0.00 | 5.40 | 5.40 |
| Globus Maritime Limited (GLBS)vs › | $72.84M | 0.59 | 0.70 | 0.49 | 0.51 |
| Optex Systems Holdings, Inc (OPXS)vs › | $71.76M | 0.05 | 0.13 | 0.20 | 0.20 |
Debt/Equity
4.06
Current Ratio
1.43
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 4.06 |
| 2026-03-31 | 2.82 |
| 2025-12-31 | -191.88 |
| 2025-09-30 | 2118.67 |
| 2025-06-30 | -30.65 |
| 2025-03-31 | -40.15 |
| 2024-12-31 | 27.77 |
| 2024-09-30 | 20.83 |
| 2024-06-30 | 31.67 |
| 2024-03-31 | 26.25 |
| 2023-12-31 | 16.47 |
| 2023-09-30 | 12.21 |
| 2023-06-30 | 11.99 |
| 2023-03-31 | 11.55 |
| 2022-12-31 | 6.98 |
| 2022-09-30 | 7.01 |
| 2022-06-30 | 6.13 |
| 2022-03-31 | 5.85 |
| 2021-12-31 | 5.76 |
| 2021-09-30 | 4.78 |
| 2021-06-30 | 7.48 |
| 2021-03-31 | 6.99 |
| 2020-12-31 | 6.56 |
| 2020-09-30 | 5.12 |
| 2020-06-30 | 4.23 |
| 2020-03-31 | 3.98 |
| 2019-12-31 | 4.54 |
| 2019-09-30 | 3.15 |
| 2019-06-30 | 3.74 |
| 2019-03-31 | 2.37 |
| 2018-12-31 | 2.87 |
| 2018-09-30 | 2.22 |
| 2018-06-30 | 1.46 |
| 2018-03-31 | 1.91 |
| 2017-12-31 | 1.45 |
| 2017-09-30 | 0.91 |
| 2017-06-30 | 0.96 |
| 2017-03-31 | 0.80 |
| 2016-12-31 | 0.77 |
| 2016-09-30 | 0.92 |
| 2016-06-30 | 0.18 |
| 2016-03-31 | 0.05 |
| 2015-12-31 | 0.01 |
| 2015-09-30 | 0.04 |
| 2015-06-30 | 0.17 |
| 2015-03-31 | 0.17 |
| 2014-12-31 | 0.00 |
| 2014-09-30 | 0.05 |
| 2014-06-30 | 0.03 |
| 2014-03-31 | 0.00 |
| 2013-12-31 | 0.00 |
| 2013-09-30 | 0.03 |
| 2013-06-30 | 0.00 |
| 2013-03-31 | 0.00 |
| 2012-12-31 | 0.00 |
| 2012-09-30 | 0.00 |
| 2012-06-30 | 0.00 |
| 2012-03-31 | 0.00 |
| 2011-12-31 | 0.00 |
| 2011-09-30 | 0.00 |
| 2011-06-30 | 0.00 |
| 2011-03-31 | 0.00 |
| 2010-12-31 | 0.00 |
| 2010-09-30 | 0.00 |
| 2010-06-30 | 0.00 |
| 2010-03-31 | 0.00 |
| 2009-12-31 | 0.00 |
| 2009-09-30 | 0.00 |
| 2009-06-30 | 0.00 |
| 2009-03-31 | 0.02 |
| 2008-12-31 | 0.02 |
| 2008-09-30 | 0.03 |
| 2008-06-30 | 0.03 |
| 2008-03-31 | 0.04 |
| 2007-12-31 | 0.05 |
| 2007-09-30 | 0.17 |
| 2007-06-30 | 0.05 |
| 2007-03-31 | 0.05 |
| 2006-12-31 | 0.25 |
| 2006-09-30 | 0.18 |
| 2006-06-30 | 0.08 |
| 2006-03-31 | 0.07 |
| 2005-12-31 | 0.41 |
| 2005-09-30 | 0.24 |
| 2005-06-30 | 0.13 |
| 2005-03-31 | 0.10 |
| 2004-12-31 | 0.14 |
| 2004-09-30 | 0.15 |
| 2004-06-30 | 0.14 |
| 2004-03-31 | 0.02 |
| 2003-12-31 | 0.02 |
| 2003-09-30 | 0.05 |
| 2003-06-30 | 0.18 |
| 2003-03-31 | 0.26 |
| 2002-12-31 | 0.46 |
| 2002-09-30 | 0.43 |