Air Canada Balance Sheet Health
Financial Health criteria checks 2/6
Air Canada has a total shareholder equity of CA$705.0M and total debt of CA$10.0B, which brings its debt-to-equity ratio to 1416.9%. Its total assets and total liabilities are CA$29.7B and CA$29.0B respectively. Air Canada's EBIT is CA$2.3B making its interest coverage ratio 5.3. It has cash and short-term investments of CA$7.9B.
Key information
1,416.9%
Debt to equity ratio
CA$9.99b
Debt
Interest coverage ratio | 5.3x |
Cash | CA$7.89b |
Equity | CA$705.00m |
Total liabilities | CA$29.01b |
Total assets | CA$29.71b |
Recent financial health updates
Does Air Canada (TSE:AC) Have A Healthy Balance Sheet?
May 14Is Air Canada (TSE:AC) A Risky Investment?
Dec 07Health Check: How Prudently Does Air Canada (TSE:AC) Use Debt?
Mar 25Recent updates
Does 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 03Is Air Canada (TSE:AC) A Risky Investment?
Dec 07Air Canada (TSE:AC) Has More To Do To Multiply In Value Going Forward
Nov 08Estimating The Intrinsic Value Of Air Canada (TSE:AC)
Dec 21Health Check: How Prudently Does Air Canada (TSE:AC) Use Debt?
Mar 25Air Canada (TSE:AC) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 30How Many Air Canada (TSE:AC) Shares Did Insiders Buy, In The Last Year?
Dec 17Financial Position Analysis
Short Term Liabilities: AC's short term assets (CA$9.8B) do not cover its short term liabilities (CA$11.5B).
Long Term Liabilities: AC's short term assets (CA$9.8B) do not cover its long term liabilities (CA$17.5B).
Debt to Equity History and Analysis
Debt Level: AC's net debt to equity ratio (298%) is considered high.
Reducing Debt: AC's debt to equity ratio has increased from 189.8% to 1416.9% over the past 5 years.
Debt Coverage: AC's debt is well covered by operating cash flow (44.8%).
Interest Coverage: AC's interest payments on its debt are well covered by EBIT (5.3x coverage).