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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0SE9's short term assets (CA$10.3B) do not cover its short term liabilities (CA$11.1B).
Long Term Liabilities: 0SE9'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: 0SE9's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: 0SE9's debt to equity ratio has increased from 148.1% to 321.4% over the past 5 years.
Debt Coverage: 0SE9's debt is well covered by operating cash flow (42.6%).
Interest Coverage: 0SE9's interest payments on its debt are well covered by EBIT (5x coverage).