Air Total Current Assets vs Current Deferred Revenue Analysis

AC Stock

CAD 19.61 0.30 1.51%

Air Canada financial indicator trend analysis is way more than just evaluating Air Canada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Canada is a good investment. Please check the relationship between Air Canada Total Current Assets and its Current Deferred Revenue accounts. 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.

Total Current Assets vs Current Deferred Revenue

Total Current Assets vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Total Current Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Air Canada's Total Current Assets and Current Deferred Revenue is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Air Canada, assuming nothing else is changed. The correlation between historical values of Air Canada's Total Current Assets and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Air Canada are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Assets i.e., Air Canada's Total Current Assets and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Air Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

At this time, Air Canada's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 5th of February 2025, Enterprise Value Multiple is likely to grow to 3.45, while Selling General Administrative is likely to drop about 474.5 M.

	2022	2023	2024	2025 (projected)
Interest Expense	896M	930M	1.1B	1.1B
Depreciation And Amortization	1.6B	1.7B	1.9B	2.0B

Interest Expense Depreciation And Amortization

Air Canada fundamental ratios 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		0.95	-0.33	0.96	0.47	0.85	0.93	0.1	0.89	0.88	0.69	0.99	0.63	0.95	0.56	0.82	0.48	-0.05	-0.22	0.97	0.94	0.99	0.72	0.86	0.96	0.91
Short Long Term Debt Total	0.95		-0.45	0.9	0.31	0.82	0.99	-0.06	0.88	0.84	0.61	0.98	0.56	0.89	0.68	0.85	0.41	-0.07	-0.34	0.96	0.94	0.97	0.73	0.81	0.94	0.86
Other Current Liab	-0.33	-0.45		-0.42	0.41	-0.12	-0.5	0.63	-0.38	-0.16	-0.11	-0.44	-0.31	-0.31	-0.52	-0.38	-0.34	0.33	0.18	-0.47	-0.57	-0.44	-0.13	-0.31	-0.43	-0.46
Total Current Liabilities	0.96	0.9	-0.42		0.36	0.75	0.91	-0.01	0.8	0.78	0.57	0.95	0.73	0.92	0.57	0.72	0.57	-0.06	-0.19	0.95	0.96	0.97	0.57	0.83	0.97	0.99
Total Stockholder Equity	0.47	0.31	0.41	0.36		0.61	0.28	0.92	0.17	0.51	0.36	0.36	0.31	0.28	0.08	0.17	0.09	0.56	-0.18	0.25	0.25	0.38	0.22	0.43	0.45	0.3
Property Plant And Equipment Net	0.85	0.82	-0.12	0.75	0.61		0.81	0.34	0.69	0.97	0.64	0.81	0.65	0.77	0.71	0.85	0.39	0.15	-0.4	0.78	0.72	0.81	0.75	0.89	0.79	0.69
Net Debt	0.93	0.99	-0.5	0.91	0.28	0.81		-0.09	0.83	0.81	0.53	0.96	0.59	0.87	0.72	0.83	0.39	-0.02	-0.4	0.95	0.95	0.96	0.7	0.79	0.93	0.87
Retained Earnings	0.1	-0.06	0.63	-0.01	0.92	0.34	-0.09		-0.19	0.21	0.09	-0.02	0.07	-0.08	-0.15	-0.15	-0.14	0.68	-0.14	-0.13	-0.14	0.0	-0.03	0.11	0.08	-0.06
Cash	0.89	0.88	-0.38	0.8	0.17	0.69	0.83	-0.19		0.8	0.77	0.91	0.4	0.94	0.46	0.88	0.41	-0.4	-0.06	0.93	0.83	0.88	0.8	0.75	0.77	0.72
Non Current Assets Total	0.88	0.84	-0.16	0.78	0.51	0.97	0.81	0.21	0.8		0.79	0.85	0.67	0.85	0.65	0.92	0.52	-0.09	-0.21	0.83	0.76	0.84	0.82	0.94	0.79	0.71
Non Currrent Assets Other	0.69	0.61	-0.11	0.57	0.36	0.64	0.53	0.09	0.77	0.79		0.67	0.51	0.71	0.22	0.77	0.69	-0.48	0.38	0.67	0.59	0.65	0.7	0.77	0.59	0.51
Cash And Short Term Investments	0.99	0.98	-0.44	0.95	0.36	0.81	0.96	-0.02	0.91	0.85	0.67		0.61	0.94	0.62	0.83	0.48	-0.12	-0.25	0.99	0.96	1.0	0.68	0.85	0.97	0.91
Net Receivables	0.63	0.56	-0.31	0.73	0.31	0.65	0.59	0.07	0.4	0.67	0.51	0.61		0.59	0.59	0.57	0.85	-0.1	0.02	0.61	0.69	0.64	0.3	0.84	0.71	0.77
Good Will	0.95	0.89	-0.31	0.92	0.28	0.77	0.87	-0.08	0.94	0.85	0.71	0.94	0.59		0.5	0.85	0.49	-0.27	-0.1	0.97	0.89	0.93	0.77	0.82	0.86	0.87
Common Stock Shares Outstanding	0.56	0.68	-0.52	0.57	0.08	0.71	0.72	-0.15	0.46	0.65	0.22	0.62	0.59	0.5		0.71	0.28	0.04	-0.63	0.59	0.64	0.61	0.39	0.71	0.61	0.57
Non Current Liabilities Total	0.82	0.85	-0.38	0.72	0.17	0.85	0.83	-0.15	0.88	0.92	0.77	0.83	0.57	0.85	0.71		0.5	-0.34	-0.19	0.85	0.77	0.81	0.85	0.87	0.72	0.66
Inventory	0.48	0.41	-0.34	0.57	0.09	0.39	0.39	-0.14	0.41	0.52	0.69	0.48	0.85	0.49	0.28	0.5		-0.48	0.48	0.51	0.58	0.5	0.27	0.71	0.54	0.61
Other Current Assets	-0.05	-0.07	0.33	-0.06	0.56	0.15	-0.02	0.68	-0.4	-0.09	-0.48	-0.12	-0.1	-0.27	0.04	-0.34	-0.48		-0.63	-0.21	-0.16	-0.09	-0.2	-0.18	0.02	-0.08
Other Stockholder Equity	-0.22	-0.34	0.18	-0.19	-0.18	-0.4	-0.4	-0.14	-0.06	-0.21	0.38	-0.25	0.02	-0.1	-0.63	-0.19	0.48	-0.63		-0.2	-0.21	-0.25	-0.12	-0.11	-0.26	-0.17
Total Liab	0.97	0.96	-0.47	0.95	0.25	0.78	0.95	-0.13	0.93	0.83	0.67	0.99	0.61	0.97	0.59	0.85	0.51	-0.21	-0.2		0.96	0.98	0.73	0.83	0.93	0.91
Property Plant And Equipment Gross	0.94	0.94	-0.57	0.96	0.25	0.72	0.95	-0.14	0.83	0.76	0.59	0.96	0.69	0.89	0.64	0.77	0.58	-0.16	-0.21	0.96		0.97	0.57	0.82	0.96	0.96
Total Current Assets	0.99	0.97	-0.44	0.97	0.38	0.81	0.96	0.0	0.88	0.84	0.65	1.0	0.64	0.93	0.61	0.81	0.5	-0.09	-0.25	0.98	0.97		0.66	0.85	0.98	0.93
Short Term Debt	0.72	0.73	-0.13	0.57	0.22	0.75	0.7	-0.03	0.8	0.82	0.7	0.68	0.3	0.77	0.39	0.85	0.27	-0.2	-0.12	0.73	0.57	0.66		0.64	0.55	0.47
Accounts Payable	0.86	0.81	-0.31	0.83	0.43	0.89	0.79	0.11	0.75	0.94	0.77	0.85	0.84	0.82	0.71	0.87	0.71	-0.18	-0.11	0.83	0.82	0.85	0.64		0.84	0.8
Short Term Investments	0.96	0.94	-0.43	0.97	0.45	0.79	0.93	0.08	0.77	0.79	0.59	0.97	0.71	0.86	0.61	0.72	0.54	0.02	-0.26	0.93	0.96	0.98	0.55	0.84		0.95
Current Deferred Revenue	0.91	0.86	-0.46	0.99	0.3	0.69	0.87	-0.06	0.72	0.71	0.51	0.91	0.77	0.87	0.57	0.66	0.61	-0.08	-0.17	0.91	0.96	0.93	0.47	0.8	0.95

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Air Canada Account Relationship Matchups

Air Canada fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	28.9B	30.6B	29.5B	30.2B	34.7B	36.5B
Short Long Term Debt Total	13.0B	16.5B	16.3B	13.9B	15.9B	16.7B
Other Current Liab	4.1B	2.5B	(501M)	(550M)	(495M)	(470.3M)
Total Current Liabilities	7.1B	6.9B	9.4B	10.0B	11.5B	12.1B
Total Stockholder Equity	1.7B	9M	(1.6B)	796M	915.4M	961.2M
Property Plant And Equipment Net	12.1B	11.7B	12.0B	11.9B	13.7B	8.1B
Net Debt	9.3B	12.3B	13.6B	11.0B	12.7B	13.3B
Retained Earnings	(494M)	(2.8B)	(4.4B)	(2.0B)	(2.3B)	(2.4B)
Cash	3.7B	4.2B	2.7B	2.8B	3.2B	3.4B
Non Current Assets Total	20.2B	20.6B	19.8B	19.9B	22.9B	11.9B
Non Currrent Assets Other	3.1B	3.8B	2.6B	2.8B	3.2B	1.7B
Cash And Short Term Investments	7.5B	8.8B	8.0B	8.6B	9.8B	10.3B
Net Receivables	644M	691M	1.0B	1.1B	1.3B	807.3M
Liabilities And Stockholders Equity	28.9B	30.6B	29.5B	30.2B	34.7B	36.5B
Non Current Liabilities Total	20.1B	23.7B	21.7B	19.4B	22.3B	11.7B
Inventory	166M	224M	318M	337M	387.6M	221.3M
Other Current Assets	360M	169M	322M	251M	288.7M	428.9M
Other Stockholder Equity	98M	104M	118M	133M	119.7M	113.7M
Total Liab	27.2B	30.6B	31.1B	29.4B	33.8B	35.5B
Property Plant And Equipment Gross	12.1B	22.5B	23.6B	24.4B	28.1B	29.5B
Total Current Assets	8.7B	10.1B	9.7B	10.3B	11.8B	12.4B
Short Term Debt	1.8B	1.5B	1.8B	866M	995.9M	799.1M
Accounts Payable	2.5B	2.6B	2.7B	3.3B	3.8B	1.9B
Accumulated Other Comprehensive Income	(39M)	(45M)	(46M)	(57M)	(65.6M)	(68.8M)
Short Term Investments	3.8B	4.6B	5.3B	5.7B	6.6B	6.9B
Current Deferred Revenue	2.9B	3.3B	5.4B	5.8B	6.7B	7.0B
Intangible Assets	1.1B	1.1B	1.1B	1.1B	1.2B	671.8M
Common Stock	2.2B	2.7B	2.7B	2.7B	3.2B	3.3B
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	8.1B	15.5B	15.0B	11.0B	12.6B	9.2B
Short Long Term Debt	1.2B	511M	713M	359M	323.1M	306.9M
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	570M	653M	887M	820M	943M	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 against Air Stock

0.75	PHYS	Sprott Physical Gold	Pair Corr
0.71	PPL-PA	Pembina Pipeline Corp	Pair Corr
0.66	UNC	Uniteds Limited Earnings Call Tomorrow	Pair Corr
0.65	CEF	Sprott Physical Gold	Pair Corr
0.58	STC	Sangoma Technologies Corp Earnings Call Tomorrow	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

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.

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Air Total Current Assets vs Current Deferred Revenue Analysis

Total Current Assets vs Current Deferred Revenue

Total Current Assets vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Total Current Assets

Current Deferred Revenue

Air Canada fundamental ratios Correlations

Air Canada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Canada fundamental ratios Accounts

Pair Trading with Air Canada

Moving against Air Stock

Other Information on Investing in Air Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Current Deferred Revenue	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Cash And Short Term Investments

Other Stockholder Equity	- 0.63	Other Current Assets
Other Stockholder Equity	- 0.63	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.57	Other Current Liab
Common Stock Shares Outstanding	- 0.52	Other Current Liab
Net Debt	- 0.5	Other Current Liab
Other Current Assets	- 0.48	Inventory