Air Canada Balance Sheet Health
Financial Health criteria checks 2/6
Air Canada has a total shareholder equity of CA$3.1B and total debt of CA$9.9B, which brings its debt-to-equity ratio to 321.4%. Its total assets and total liabilities are CA$31.5B and CA$28.4B respectively. Air Canada's EBIT is CA$1.6B making its interest coverage ratio 5. It has cash and short-term investments of CA$8.4B.
Key information
321.4%
Debt to equity ratio
CA$9.94b
Debt
| Interest coverage ratio | 5x |
| Cash | CA$8.38b |
| Equity | CA$3.09b |
| Total liabilities | CA$28.40b |
| Total assets | CA$31.50b |
Recent financial health updates
Is Air Canada (TSE:AC) Using Too Much Debt?
Dec 19
Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
Sep 04Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
May 14Recent updates
Is Air Canada (TSE:AC) Using Too Much Debt?
Dec 19Does Air Canada (TSE:AC) Deserve A Spot On Your Watchlist?
Nov 28Air Canada (TSE:AC) Held Back By Insufficient Growth Even After Shares Climb 32%
Nov 02Air Canada (TSE:AC) Is Experiencing Growth In Returns On Capital
Oct 22Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
Sep 04Pinning Down Air Canada's (TSE:AC) P/S Is Difficult Right Now
Aug 07The Return Trends At Air Canada (TSE:AC) Look Promising
Jul 11Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
May 14Air Canada's (TSE:AC) Popularity With Investors Is Under Threat From Overpricing
Apr 17Air Canada (TSE:AC) Is Looking To Continue Growing Its Returns On Capital
Mar 21Air Canada's (TSE:AC) Price In Tune With Revenues
Jan 03Financial Position Analysis
Short Term Liabilities: AC's short term assets (CA$10.3B) do not cover its short term liabilities (CA$11.1B).
Long Term Liabilities: AC's short term assets (CA$10.3B) do not cover its long term liabilities (CA$17.3B).
Debt to Equity History and Analysis
Debt Level: AC's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: AC's debt to equity ratio has increased from 148.1% to 321.4% over the past 5 years.
Debt Coverage: AC's debt is well covered by operating cash flow (42.6%).
Interest Coverage: AC's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Air Canada is covered by 40 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Murray | ATB Capital Markets |
| Ahmad Shaath | Beacon Securities Limited |
| Fadi Chamoun | BMO Capital Markets Equity Research |