Air Current Deferred Revenue vs Property Plant And Equipment Net 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 Current Deferred Revenue and its Property Plant And Equipment Net 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.
Current Deferred Revenue vs Property Plant And Equipment Net
Current Deferred Revenue vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Current Deferred Revenue account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Air Canada's Current Deferred Revenue and Property Plant And Equipment Net is 0.65. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Property Plant And Equipment Net 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 Current Deferred Revenue and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Air Canada are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Current Deferred Revenue i.e., Air Canada's Current Deferred Revenue and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.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 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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