Air Industries Group (Air Industries Group) Total Current Assets : $38.72 Mil (As of Dec. 2023)

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What is Air Industries Group Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Air Industries Group's total current assets for the quarter that ended in Dec. 2023 was $38.72 Mil.

Air Industries Group Total Current Assets Historical Data

The historical data trend for Air Industries Group's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Air Industries Group Total Current Assets Chart

Air Industries Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

Get a 7-Day Free Trial

38.25

43.61

40.88

42.22

38.72

Air Industries Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Current Assets	Get a 7-Day Free Trial															42.22	41.46	42.29	37.87	38.72

Air Industries Group Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Air Industries Group's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.346	+	8.188	+	29.851	+	0.334
	=	38.72

Air Industries Group's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.346	+	8.188	+	29.851	+	0.334
	=	38.72

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Air Industries Group (AMEX:AIRI) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Air Industries Group's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.346	-	35.525	+	0.75 * 7.892	+	0.5 * 29.851
=	-14.33

Air Industries Group Total Current Assets Related Terms

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Air Industries Group (Air Industries Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Air Industries Group (AMEX:AIRI) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

YH1:Germany

Address

1460 Fifth Avenue, Bay Shore, New York, NY, USA, 11706

Website

https://www.airindustriesgroup.com

Air Industries Group is an aerospace and defense company. Its manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components. The company also provides sheet metal fabrication of aerostructures, tube bending, and welding services. It reports into two segments namely Complex Machining, and Turbine Engine Components.

Executives

Scott Glassman	officer: CHIEF FINANCIAL OFFICER	1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706
Luciano M Melluzzo	officer: President	93 FOXON PLACE, NEW BRITAIN CT 06053
Michael N Taglich	director	TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
Michael Porcelain	director	68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Peter Rettaliata	director	C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706
Robert Taglich	director, 10 percent owner	700 NEW YORK AVENUE, HUNTINGTON NY 11743
Michael Brand	director	4196 MAJESTIC CIRCLE, MEDINA OH 44256
David S. Richmond	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Iii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Matthew J. Curfman	10 percent owner, other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Pi Manager, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers 401(k) Profit Sharing Plan	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Rbi Private Investment Ii, Llc	other: See Footnote 1	3568 WILDWOOD AVENUE, JACKSON MI 49202
Richmond Brothers, Inc.	10 percent owner, other: See Footnotes 1 and 2	7415 FOXWORTH COURT, JACKSON MI 49201
Michael E Recca	officer: Chief Financial Officer

Air Industries Group (Air Industries Group) Headlines

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