Air Baltic Corporation AS

ActiveJoint-stock company (AS)Since 08-02-1995

Reg. no: 40003245752
VAT: LV40003245752
LEI: 213800JVURXEAA48FV35

Financials

18 filed years

Financial explorer · 2023

Source

Reported

Navaam calculates

Navaam checks

Uzņēmumu reģistrs (annual reports) · 2023 sourced from Total assets
Uzņēmumu reģistrs (annual reports) · 2023 sourced from Equity
Total assets calculates Liabilities
Equity calculates Liabilities
Equity calculates Equity ratio
Total assets calculates Equity ratio
Equity ratio affects Equity ratio
Uzņēmumu reģistrs (annual reports) · 2023 affects Latest accounts

Ratios by year

Uzņēmumu reģistrs (annual reports)

Financial ratios by year
Ratio	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Reading
Equity ratioEquity / Total assets	-31.1%	-13.6%	-34.2%	-132.0%	-135.0%	-134.5%	-131.5%	-59.1%	20.7%	10.6%	7.3%	3.5%	1.8%	-11.5%	-7.1%	-3.6%	-11.7%	-12.3%	Weak
Net marginNet income / Revenue	-13.2%	5.4%	-17.6%	-41.9%	-9.8%	0.5%	3.0%	6.8%	0.0%	1.6%	0.7%	-1.8%	-190.5%	-68.5%	-10.9%	5.1%	-15.8%	-5.7%	Weak
ROANet income / Total assets	-44.0%	16.8%	-62.0%	-105.9%	-20.6%	1.0%	6.0%	13.3%	0.0%	1.2%	0.5%	-0.9%	-28.1%	-13.2%	-4.7%	2.5%	-8.3%	-3.0%	Weak
ROENet income / Equity	—	—	—	—	—	—	—	—	0.2%	11.4%

Sources: Uzņēmumu reģistrs · VIES · Uzņēmumu reģistrs (annual reports) · GLEIF. Retrieved 12-09-2026

Uzņēmumu reģistrsCC0 1.012-09-2026
VIESNo VIES-specific reuse terms12-09-2026
Uzņēmumu reģistrs (annual reports)CC0 1.012-09-2026
GLEIFCC0 1.012-09-2026

All sources and licences

Liquidity and leverage by year

Uzņēmumu reģistrs (annual reports)

From the common chart of accounts Navaam reads out of this registry’s lines (see Classification below). Days-based metrics depend on the sector and carry no reading.

Liquidity and leverage metrics by year
Metric	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Reading
Current ratioCurrent assets ÷ Current liabilities	0.31×	0.43×	0.31×	0.26×	0.36×	0.32×	0.56×	0.52×	1.27×	0.64×	0.36×	1.10×	1.52×	0.75×	0.43×	0.23×	0.39×	0.27×	Weak
Quick ratio(Current assets − Inventories) ÷ Current liabilities	0.30×	0.41×	0.29×	0.24×	0.35×	0.31×	0.53×	0.48×	1.21×	0.59×	0.32×	1.06×	1.49×	0.72×	0.39×	0.20×	0.35×	0.24×	Weak
Cash ratioCash ÷ Current liabilities	0.04×	0.03×	0.02×	0.02×	0.03×	0.04×	0.07×	0.05×	0.74×	0.17×	0.05×	0.77×	1.13×	0.38×	0.16×	0.06×	0.09×	0.02×	—
Working capitalCurrent assets − Current liabilities	−€53.8M	−€42.2M	−€44.1M	−€77.9M	−€56.6M	−€70.5M	−€33.6M	−€33.2M	€16.3M	−€29.6M	−€79.7M	€15.9M	€68.8M	−€51M	−€132.8M	−€380M	−€216.4M	−€345M	Weak
Days sales outstandingTrade receivables ÷ Revenue × 365	37 days	49 days	31 days	36 days	41 days	38 days	37 days	36 days	41 days	42 days	29 days	33 days	122 days	126 days	39 days	37 days	43 days	49 days	—
Liabilities to equityTotal liabilities ÷ Equity	—	—	—	—	—	—	—	—	3.83×	8.45×	12.67×	27.64×	54.23×	—	—	—	—	—	—

Classification 2023

Uzņēmumu reģistrs (annual reports)

How Navaam maps this registry’s filed lines onto its common chart of accounts. Reported entries name the line codes used; derived entries show the arithmetic.

Chart of accounts classification
Account	Value	Basis	From
Current assets	€112.1M	Reported	total_current_assets
Cash and bank	€29.1M	Reported	cash
Trade receivables	€66.5M	Reported	accounts_receivable
Inventories	€16M	Reported	inventories
Non-current assets	€1.2B	Reported	total_non_current_assets
Current liabilities	€492.1M	Reported	current_liabilities
Non-current liabilities	€853.1M	Reported	non_current_liabilities
Total liabilities	€1.4B	Derived	Total assets − Equity
Personnel costs	€107.2M	Reported	by_nature_labour_expenses
Depreciation and amortisation	€91.1M	Reported	by_nature_depreciation_expenses
Finance costs	€63.9M	Reported	interest_expenses
Profit before tax	€33.7M	Reported	income_before_income_taxes
Income tax	€17,000	Reported	provision_for_income_taxes

Statements 2008–2025

One table per year

Financial statement comparison
Line	2008LVL millions	2009LVL millions	2010LVL millions	2011LVL millions	2012LVL millions	2013LVL millions	2014EUR millions	2015EUR millions	2016EUR millions	2017EUR millions	2018EUR millions	2019EUR millions	2020EUR millions	2021EUR millions	2022EUR millions	2023EUR millions	2024EUR millions	2025EUR millions	Change2025 − 2024
Revenue	202.8	206.8	204.4	202.4	194.7	195.9	254.2	235.4	249.8	302.4	402	502.3	138.9	198.3	495.5	664.2	746	779	+33
Net income	-26.7	11.1	-35.9	-84.8	-19.1	1	7.7	16	0.1	4.7	3	-9.1	-264.6	-135.7	-54.2	33.7	-118.2	-44.3	+73.8
Equity	-18.8	-9	-19.8	-105.6	-125.1	-124.6	-168.8	-71.2	59.6	41.1	41.7	33.9	17	-118.3	-82	-48.3	-165.3	-183.6	−18.3
Total assets	60.6	66.3	57.9	80	92.7	92.6	128.3	120.5	287.9	388.6	569.4	971.2	941	1,025.2	1,158.9	1,324.7	1,415.8	1,496	+80.2
Profit & loss
Net turnover	202.8	206.8	204.4	202.4	194.7	195.9	254.2	235.4	249.8	302.4	402	502.3	138.9	198.3	495.5	664.2	746	779	+33
Material expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−0
Labour expenses	26.7	21.9	18.7	21.6	33	29.2	38.1	37.5	41.9	49.9	58.4	74.5	58	51.8	76.7	107.2	131.4	153.2	+21.9
Depreciation	1.8	3.1	2.9	3.2	2.9	3.9	6.1	6.9	7	17.4	27.8	70.9	137.5	51.6	74.3	91.1	152.2	130.4	−21.8
Other operating expenses	204.1	174.9	246.7	281.4	213.1	194.4	255.4	258.1	241.3	272.9	321.5	340.8	161	184.2	389.4	453.2	524.1	460.2	−63.9
Interest expenses	1	2	3.8	17.3	4.9	6.2	4	5.4	10.6	19.3	28.1	41.3	49.7	51.5	59	63.9	93.5	105.7	+12.2
Income before income taxes	-30.4	13.2	-41.2	-95.3	-21.8	2.1	10.6	20.4	2.1	5.9	4.6	-7.2	-262.9	-134.2	-52.2	33.7	-118.2	-44.3	+73.8
Income taxes	0	0	0	0	0.1	0.2	0.6	0.7	0.7	0.8	1.6	1.9	1.7	1.5	2	0	0	0	+0
Net income	-26.7	11.1	-35.9	-84.8	-19.1	1	7.7	16	0.1	4.7	3	-9.1	-264.6	-135.7	-54.2	33.7	-118.2	-44.3	+73.8
Balance sheet
Cash	3.3	2.4	1.6	2.5	2.6	4.5	5.4	3.1	45.2	13.9	6.7	123.8	148.3	79.3	38	29.1	33.2	11.2	−21.9
Marketable securities	0	0	0	3.5	6.5	7	9.1	7	0	0	1.1	1.8	0	0	0	0.5	0.2	0.8	+0.5
Accounts receivable	20.4	27.8	17.3	19.8	22	20.1	25.9	23.1	28.4	34.4	31.6	45.1	46.6	68.2	53.3	66.5	88.4	103.9	+15.6
Inventories	0.9	1.1	1.4	1.5	1.4	1.2	1.7	2.3	3.4	4.4	5.6	6.9	5.1	7.7	10.9	16	14.3	12.6	−1.7
Total current assets	24.6	31.2	20.3	27.3	32.5	32.9	42.2	35.5	77	52.7	45	177.7	199.9	155.2	102.3	112.1	136.1	128.6	−7.5
Long-term investments	8.6	8.1	22.7	31	32.7	31.5	43.9	39.3	38.2	14.8	18.3	22.1	21.3	25.7	76.4	93.1	134.4	166.4	+31.9
Fixed assets	25.2	24.4	12	9.3	15	16.3	25.7	29.2	156.2	304.3	488.7	751.9	700.9	826.3	962.6	1,101.4	1,123.7	1,176.1	+52.5
Intangible assets	2.2	2.6	3	12.4	12.6	11.9	16.5	16.6	16.6	16.8	17.3	19.6	18.9	18.1	17.6	18.2	21.6	24.9	+3.3
Total non-current assets	36	35	37.6	52.8	60.2	59.7	86.2	85	210.9	335.9	524.4	793.6	741.1	870.1	1,056.7	1,212.6	1,279.7	1,367.4	+87.7
Total assets	60.6	66.3	57.9	80	92.7	92.6	128.3	120.5	287.9	388.6	569.4	971.2	941	1,025.2	1,158.9	1,324.7	1,415.8	1,496	+80.2
Current liabilities	78.4	73.4	64.4	105.2	89.1	103.4	75.7	68.7	60.7	82.4	124.8	161.7	131.1	206.1	235.1	492.1	352.5	473.6	+121.1
Non-current liabilities	1	1.9	13.3	46.3	82	81.2	177.9	94.3	142.7	238.2	382.5	755.8	738.2	901.6	974.4	853.1	1,198.8	1,175	−23.9
Provisions	0	0	0	34.2	46.7	32.6	43.6	28.7	24.9	26.9	20.5	19.8	54.7	35.8	31.4	27.9	29.8	31.1	+1.3
Equity	-18.8	-9	-19.8	-105.6	-125.1	-124.6	-168.8	-71.2	59.6	41.1	41.7	33.9	17	-118.3	-82	-48.3	-165.3	-183.6	−18.3
Total equity and liabilities	60.6	66.3	57.9	80	92.7	92.6	128.3	120.5	287.9	388.6	569.4	971.2	941	1,025.2	1,158.9	1,324.7	1,415.8	1,496	+80.2