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 460 covered companies
CURRENT VS SECTOR MEDIAN
+764.04%
vs the sector median at left
Market Cap
$80.22M
Debt to Equity Ratio
0.83
TTM Avg
0.92
3Y Avg
0.90
5Y Avg
1.21
Market Cap
$77.46M
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
5.40
5Y Avg
5.40
Market Cap
$74.61M
Debt to Equity Ratio
0.09
TTM Avg
0.10
3Y Avg
0.07
5Y Avg
0.06
Market Cap
$74.36M
Debt to Equity Ratio
1.43
TTM Avg
1.43
3Y Avg
1.43
5Y Avg
1.43
Market Cap
$84.19M
Debt to Equity Ratio
0.04
TTM Avg
0.06
3Y Avg
0.05
5Y Avg
0.06
Market Cap
$85.36M
Debt to Equity Ratio
0.05
TTM Avg
0.03
3Y Avg
0.15
5Y Avg
0.15
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air T, Inc. (AIRTP) | $78.89M | 4.06 | 380.60 | 12.34 | 12.33 |
| Momentus Inc. (MNTS)vs › | $78.74M | 0.07 | 0.66 | 1.28 | 1.02 |
| Pyxis Tankers Inc. (PXS)vs › | $80.22M | 0.83 | 0.92 | 0.90 | 1.21 |
| Elite Express Holding Inc. (ETS)vs › | $77.46M | 0.00 | 0.00 | 5.40 | 5.40 |
| Air T, Inc. (AIRT)vs › | $82.70M | 4.06 | 2.82 | 13.54 | 10.69 |
| Blink Charging Co. (BLNK)vs › | $74.61M | 0.09 | 0.10 | 0.07 | 0.06 |
| Concorde International Group Ltd. (CIGL)vs › | $74.36M | 1.43 | 1.43 | 1.43 | 1.43 |
| Byrna Technologies Inc. (BYRN)vs › | $84.19M | 0.04 | 0.06 | 0.05 | 0.06 |
| Safe Pro Group Inc. Common Stock (SPAI)vs › | $85.36M | 0.05 | 0.03 | 0.15 | 0.15 |
| Optex Systems Holdings, Inc (OPXS)vs › | $71.65M | 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 |