Air Historical Balance Sheet

AC Stock

CAD 24.68 0.01 0.04%

Trend analysis of Air Canada balance sheet accounts such as Short Long Term Debt Total of 7.2 B, Total Current Liabilities of 10.5 B or Total Stockholder Equity of 835.8 M provides information on Air Canada's total assets, liabilities, and equity, which is the actual value of Air Canada to its prevalent stockholders. By breaking down trends over time using Air Canada balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Air Canada latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Air Canada is a good buy for the upcoming year.

Air Canada Inventory

221.25 Million

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Air Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Air Canada at a specified time, usually calculated after every quarter, six months, or one year. Air Canada Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Air Canada and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Air currently owns. An asset can also be divided into two categories, current and non-current.

Air Canada Balance Sheet Chart

At this time, Air Canada's Short Term Investments are very stable compared to the past year. As of the 27th of November 2024, Common Stock Total Equity is likely to grow to about 2.6 B, while Total Assets are likely to drop about 17 B.

Total Assets Total Current Liabilities Property Plant And Equipment Net

Add Fundamental

Total Assets

Total assets refers to the total amount of Air Canada assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Air Canada books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Air Canada balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Air Canada are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Most accounts from Air Canada's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Air Canada current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	16.5B	16.3B	13.9B	7.2B
Total Assets	30.6B	29.5B	30.2B	17.0B

Short Long Term Debt Total Total Assets

Air Canada balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Current Deferred Revenue
Total Assets		0.94	-0.11	0.8	0.5	0.96	0.91	0.23	0.86	1.0	0.76	0.88	0.6	0.83	0.61	0.93	0.4	-0.05	-0.24	0.96	0.78	0.98	0.85	0.96	0.82	0.86
Short Long Term Debt Total	0.94		-0.28	0.74	0.3	0.89	0.98	0.02	0.84	0.91	0.64	0.87	0.5	0.75	0.77	0.94	0.31	-0.07	-0.37	0.95	0.8	0.97	0.83	0.87	0.8	0.82
Other Current Liab	-0.11	-0.28		-0.33	0.45	-0.01	-0.34	0.63	-0.22	-0.06	-0.03	-0.36	-0.18	-0.25	-0.46	-0.3	-0.23	0.3	0.17	-0.28	-0.52	-0.23	-0.11	-0.19	-0.35	-0.27
Total Current Liabilities	0.8	0.74	-0.33		0.38	0.77	0.74	0.07	0.65	0.8	0.56	0.94	0.69	0.93	0.49	0.73	0.46	-0.01	-0.2	0.78	0.95	0.79	0.66	0.85	0.96	0.87
Total Stockholder Equity	0.5	0.3	0.45	0.38		0.64	0.26	0.94	0.14	0.53	0.36	0.37	0.35	0.26	0.05	0.16	0.05	0.58	-0.17	0.23	0.24	0.4	0.22	0.49	0.48	0.33
Property Plant And Equipment Net	0.96	0.89	-0.01	0.77	0.64		0.88	0.41	0.72	0.96	0.6	0.82	0.57	0.74	0.64	0.82	0.22	0.23	-0.43	0.87	0.71	0.93	0.78	0.9	0.81	0.82
Net Debt	0.91	0.98	-0.34	0.74	0.26	0.88		-0.01	0.79	0.88	0.54	0.83	0.53	0.72	0.83	0.91	0.28	-0.01	-0.44	0.93	0.8	0.94	0.81	0.85	0.78	0.83
Retained Earnings	0.23	0.02	0.63	0.07	0.94	0.41	-0.01		-0.14	0.28	0.13	0.04	0.17	-0.05	-0.12	-0.12	-0.11	0.68	-0.14	-0.05	-0.09	0.12	-0.02	0.21	0.17	0.07
Cash	0.86	0.84	-0.22	0.65	0.14	0.72	0.79	-0.14		0.85	0.81	0.8	0.29	0.83	0.47	0.95	0.33	-0.45	-0.04	0.92	0.69	0.86	0.88	0.79	0.62	0.65
Non Current Assets Total	1.0	0.91	-0.06	0.8	0.53	0.96	0.88	0.28	0.85		0.77	0.86	0.59	0.83	0.56	0.91	0.38	-0.03	-0.22	0.94	0.75	0.97	0.86	0.95	0.8	0.85
Non Currrent Assets Other	0.76	0.64	-0.03	0.56	0.36	0.6	0.54	0.13	0.81	0.77		0.66	0.43	0.68	0.06	0.74	0.66	-0.46	0.4	0.74	0.57	0.73	0.72	0.77	0.57	0.57
Cash And Short Term Investments	0.88	0.87	-0.36	0.94	0.37	0.82	0.83	0.04	0.8	0.86	0.66		0.53	0.93	0.57	0.85	0.36	-0.08	-0.26	0.87	0.95	0.89	0.75	0.87	0.96	0.81
Net Receivables	0.6	0.5	-0.18	0.69	0.35	0.57	0.53	0.17	0.29	0.59	0.43	0.53		0.54	0.36	0.45	0.77	0.0	0.05	0.56	0.63	0.6	0.33	0.74	0.66	0.85
Good Will	0.83	0.75	-0.25	0.93	0.26	0.74	0.72	-0.05	0.83	0.83	0.68	0.93	0.54		0.41	0.83	0.42	-0.25	-0.09	0.85	0.89	0.81	0.77	0.83	0.85	0.8
Common Stock Shares Outstanding	0.61	0.77	-0.46	0.49	0.05	0.64	0.83	-0.12	0.47	0.56	0.06	0.57	0.36	0.41		0.64	-0.03	0.15	-0.75	0.66	0.59	0.7	0.42	0.56	0.55	0.64
Non Current Liabilities Total	0.93	0.94	-0.3	0.73	0.16	0.82	0.91	-0.12	0.95	0.91	0.74	0.85	0.45	0.83	0.64		0.37	-0.31	-0.2	0.99	0.77	0.94	0.9	0.86	0.72	0.78
Inventory	0.4	0.31	-0.23	0.46	0.05	0.22	0.28	-0.11	0.33	0.38	0.66	0.36	0.77	0.42	-0.03	0.37		-0.49	0.6	0.43	0.47	0.41	0.27	0.57	0.42	0.6
Other Current Assets	-0.05	-0.07	0.3	-0.01	0.58	0.23	-0.01	0.68	-0.45	-0.03	-0.46	-0.08	0.0	-0.25	0.15	-0.31	-0.49		-0.64	-0.24	-0.12	-0.1	-0.19	-0.11	0.09	-0.07
Other Stockholder Equity	-0.24	-0.37	0.17	-0.2	-0.17	-0.43	-0.44	-0.14	-0.04	-0.22	0.4	-0.26	0.05	-0.09	-0.75	-0.2	0.6	-0.64		-0.21	-0.22	-0.28	-0.11	-0.12	-0.28	-0.19
Total Liab	0.96	0.95	-0.28	0.78	0.23	0.87	0.93	-0.05	0.92	0.94	0.74	0.87	0.56	0.85	0.66	0.99	0.43	-0.24	-0.21		0.8	0.97	0.89	0.92	0.77	0.86
Property Plant And Equipment Gross	0.78	0.8	-0.52	0.95	0.24	0.71	0.8	-0.09	0.69	0.75	0.57	0.95	0.63	0.89	0.59	0.77	0.47	-0.12	-0.22	0.8		0.81	0.63	0.82	0.95	0.84
Total Current Assets	0.98	0.97	-0.23	0.79	0.4	0.93	0.94	0.12	0.86	0.97	0.73	0.89	0.6	0.81	0.7	0.94	0.41	-0.1	-0.28	0.97	0.81		0.82	0.95	0.83	0.88
Short Term Debt	0.85	0.83	-0.11	0.66	0.22	0.78	0.81	-0.02	0.88	0.86	0.72	0.75	0.33	0.77	0.42	0.9	0.27	-0.19	-0.11	0.89	0.63	0.82		0.74	0.61	0.65
Accounts Payable	0.96	0.87	-0.19	0.85	0.49	0.9	0.85	0.21	0.79	0.95	0.77	0.87	0.74	0.83	0.56	0.86	0.57	-0.11	-0.12	0.92	0.82	0.95	0.74		0.86	0.93
Short Term Investments	0.82	0.8	-0.35	0.96	0.48	0.81	0.78	0.17	0.62	0.8	0.57	0.96	0.66	0.85	0.55	0.72	0.42	0.09	-0.28	0.77	0.95	0.83	0.61	0.86		0.84
Current Deferred Revenue	0.86	0.82	-0.27	0.87	0.33	0.82	0.83	0.07	0.65	0.85	0.57	0.81	0.85	0.8	0.64	0.78	0.6	-0.07	-0.19	0.86	0.84	0.88	0.65	0.93	0.84

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Air Canada Account Relationship Matchups

Air Canada balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	27.8B	28.9B	30.6B	29.5B	30.2B	17.0B
Short Long Term Debt Total	9.2B	13.0B	16.5B	16.3B	13.9B	7.2B
Other Current Liab	4.1B	2.5B	(501M)	(550M)	(495M)	(470.3M)
Total Current Liabilities	7.8B	7.1B	6.9B	9.4B	10.0B	10.5B
Total Stockholder Equity	4.4B	1.7B	9M	(1.6B)	796M	835.8M
Property Plant And Equipment Net	12.8B	12.1B	11.7B	12.0B	11.9B	8.1B
Net Debt	7.2B	9.3B	12.3B	13.6B	11.0B	5.6B
Retained Earnings	3.5B	(494M)	(2.8B)	(4.4B)	(2.0B)	(2.1B)
Cash	2.1B	3.7B	4.2B	2.7B	2.8B	1.5B
Non Current Assets Total	20.2B	20.2B	20.6B	19.8B	19.9B	11.9B
Non Currrent Assets Other	2.4B	3.1B	3.8B	2.6B	2.8B	1.7B
Cash And Short Term Investments	5.9B	7.5B	8.8B	8.0B	8.6B	9.0B
Net Receivables	926M	644M	691M	1.0B	1.1B	807.3M
Liabilities And Stockholders Equity	27.8B	28.9B	30.6B	29.5B	30.2B	17.0B
Non Current Liabilities Total	15.6B	20.1B	23.7B	21.7B	19.4B	11.7B
Inventory	212M	166M	224M	318M	337M	221.3M
Other Current Assets	489M	360M	169M	322M	251M	428.9M
Other Stockholder Equity	83M	98M	104M	118M	133M	126.4M
Total Liab	23.4B	27.2B	30.6B	31.1B	29.4B	16.7B
Property Plant And Equipment Gross	12.8B	12.1B	22.5B	23.6B	24.4B	25.6B
Total Current Assets	7.5B	8.7B	10.1B	9.7B	10.3B	5.1B
Short Term Debt	1.2B	1.8B	1.5B	1.8B	866M	799.1M
Accounts Payable	2.5B	2.5B	2.6B	2.7B	3.3B	1.9B
Accumulated Other Comprehensive Income	25M	(39M)	(45M)	(46M)	(57M)	(59.9M)
Short Term Investments	3.8B	3.8B	4.6B	5.3B	5.7B	6.0B
Current Deferred Revenue	4.1B	2.9B	3.3B	5.4B	5.8B	3.0B
Intangible Assets	1.0B	1.1B	1.1B	1.1B	1.1B	671.8M
Common Stock Total Equity	799M	798M	785M	2.2B	2.5B	2.6B
Common Stock	785M	2.2B	2.7B	2.7B	2.7B	1.5B
Other Liab	7.6B	8.9B	8.2B	6.7B	7.7B	5.9B
Net Tangible Assets	125M	(2.7B)	(4.3B)	(5.9B)	(5.3B)	(5.0B)
Other Assets	3.5B	3.9B	4.4B	3.6B	4.1B	3.1B
Long Term Debt	8.0B	8.1B	15.5B	15.0B	11.0B	9.2B
Short Long Term Debt	587M	1.2B	511M	713M	359M	341.1M
Property Plant Equipment	11.8B	11.4B	11.2B	12.0B	13.7B	10.0B
Long Term Debt Total	8.0B	11.2B	15.5B	15.0B	17.3B	10.4B
Long Term Investments	638M	570M	653M	887M	820M	679.9M

Pair Trading with Air Canada

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Canada position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Canada will appreciate offsetting losses from the drop in the long position's value.

Moving together with Air Stock

0.92	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.77	RY	Royal Bank Earnings Call This Week	Pair Corr
0.9	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.87	TD-PFI	Toronto Dominion Bank	Pair Corr

Moving against Air Stock

0.57

Toronto Dominion Bank

Pair Corr

The ability to find closely correlated positions to Air Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Canada when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Canada - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Canada to buy it.

The correlation of Air Canada is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Air Canada can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Air Stock

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Air Historical Balance Sheet

Air Canada Inventory

221.25 Million

About Air Balance Sheet Analysis

Air Canada Balance Sheet Chart

Total Assets

Total Current Liabilities

Property Plant And Equipment Net

Air Canada balance sheet Correlations

Air Canada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Canada balance sheet Accounts

Pair Trading with Air Canada

Moving together with Air Stock

Moving against Air Stock

Other Information on Investing in Air Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Assets	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.97	Short Long Term Debt Total
Total Current Assets	+ 0.97	Non Current Assets Total

Other Stockholder Equity	- 0.75	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.64	Other Current Assets
Property Plant And Equipment Gross	- 0.52	Other Current Liab
Other Current Assets	- 0.49	Inventory
Other Current Assets	- 0.46	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.46	Other Current Liab