Air Common Stock Shares Outstanding vs Cash Analysis
AC Stock | CAD 18.20 0.29 1.62% |
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 Common Stock Shares Outstanding and its Cash 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Common Stock Shares Outstanding vs Cash
Common Stock Shares Outstanding vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Common Stock Shares Outstanding account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Air Canada's Common Stock Shares Outstanding and Cash is 0.46. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash 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 Common Stock Shares Outstanding and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Air Canada are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock Shares Outstanding i.e., Air Canada's Common Stock Shares Outstanding and Cash go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Cash
Cash refers to the most liquid asset of Air Canada, which is listed under current asset account on Air Canada balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Air Canada customers. The amounts must be unrestricted with restricted cash listed in a different Air Canada account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 tightly coupled 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 31st of May 2024, Enterprise Value Multiple is likely to grow to 4.75, while Selling General Administrative is likely to drop about 1.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 732M | 896M | 930M | 976.5M | Depreciation And Amortization | 1.9B | 1.6B | 1.9B | 2.0B |
Air Canada fundamental ratios Correlations
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Air Canada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air Canada fundamental ratios 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 | 18.8B | 19.7B | |
Other Current Liab | 4.1B | 2.5B | 2.6B | 2.7B | 3.1B | 2.3B | |
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 | 8.5B | 5.4B | |
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 | 89M | 84.6M | |
Cash And Short Term Investments | 5.9B | 7.5B | 8.8B | 8.0B | 9.2B | 9.6B | |
Net Receivables | 926M | 644M | 691M | 1.0B | 1.1B | 810.4M | |
Liabilities And Stockholders Equity | 27.8B | 28.9B | 30.6B | 29.5B | 33.9B | 35.6B | |
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 | 336M | 322M | 251M | 455.1M | |
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 | 1.0B | 1.3B | 1.5B | 1.5B | |
Accounts Payable | 2.5B | 2.1B | 2.4B | 2.6B | 2.9B | 1.9B | |
Accumulated Other Comprehensive Income | 25M | (39M) | (45M) | (46M) | (52.9M) | (55.5M) | |
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 | 6.2B | 6.5B | |
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 | 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 | 8.0B | 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 |
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