Air Interest Income vs Net Income From Continuing Ops Analysis

AC Stock

CAD 18.81 0.21 1.10%

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 Interest Income and its Net Income From Continuing Ops 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.

Interest Income vs Net Income From Continuing Ops

Interest Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Interest Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Air Canada's Interest Income and Net Income From Continuing Ops is -0.14. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Net Income From Continuing Ops 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 Interest Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Air Canada are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Interest Income i.e., Air Canada's Interest Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Net Income From Continuing Ops

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 16th 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

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		0.79	0.67	0.8	0.5	0.96	0.88	0.23	0.86	1.0	0.49	0.86	0.6	0.83	0.59	0.93	0.4	0.1	-0.4	0.96	0.78	0.98	0.8	0.94	0.82	0.69
Short Long Term Debt Total	0.79		0.37	0.94	0.24	0.73	0.77	-0.1	0.73	0.77	0.07	0.98	0.55	0.91	0.6	0.79	0.35	0.08	-0.42	0.82	0.98	0.82	0.86	0.78	0.94	0.91
Other Current Liab	0.67	0.37		0.57	0.69	0.65	0.34	0.56	0.45	0.71	0.49	0.49	0.63	0.58	-0.02	0.45	0.55	0.02	-0.16	0.53	0.43	0.58	0.49	0.77	0.54	0.52
Total Current Liabilities	0.8	0.94	0.57		0.38	0.77	0.69	0.07	0.65	0.8	0.09	0.95	0.7	0.93	0.46	0.73	0.46	0.1	-0.38	0.78	0.95	0.79	0.89	0.85	0.96	0.98
Total Stockholder Equity	0.5	0.24	0.69	0.38		0.64	0.26	0.94	0.14	0.53	0.26	0.36	0.35	0.26	0.04	0.16	0.05	0.6	-0.47	0.23	0.24	0.4	0.35	0.54	0.48	0.3
Property Plant And Equipment Net	0.96	0.73	0.65	0.77	0.64		0.87	0.41	0.72	0.96	0.38	0.8	0.57	0.74	0.63	0.82	0.22	0.36	-0.55	0.87	0.71	0.93	0.76	0.9	0.81	0.65
Net Debt	0.88	0.77	0.34	0.69	0.26	0.87		0.01	0.77	0.86	0.4	0.77	0.45	0.68	0.8	0.9	0.2	0.21	-0.52	0.9	0.75	0.91	0.66	0.77	0.74	0.58
Retained Earnings	0.23	-0.1	0.56	0.07	0.94	0.41	0.01		-0.14	0.28	0.19	0.03	0.17	-0.05	-0.12	-0.12	-0.11	0.64	-0.38	-0.05	-0.09	0.12	0.06	0.28	0.17	0.01
Cash	0.86	0.73	0.45	0.65	0.14	0.72	0.77	-0.14		0.85	0.58	0.78	0.29	0.83	0.46	0.95	0.33	-0.25	-0.16	0.92	0.69	0.86	0.76	0.72	0.62	0.52
Non Current Assets Total	1.0	0.77	0.71	0.8	0.53	0.96	0.86	0.28	0.85		0.52	0.84	0.59	0.83	0.54	0.91	0.38	0.11	-0.39	0.94	0.75	0.97	0.81	0.94	0.8	0.67
Non Currrent Assets Other	0.49	0.07	0.49	0.09	0.26	0.38	0.4	0.19	0.58	0.52		0.21	0.03	0.26	-0.12	0.51	0.3	-0.21	0.16	0.46	0.11	0.43	0.2	0.36	0.13	-0.07
Cash And Short Term Investments	0.86	0.98	0.49	0.95	0.36	0.8	0.77	0.03	0.78	0.84	0.21		0.55	0.94	0.53	0.83	0.37	0.1	-0.4	0.85	0.96	0.87	0.89	0.83	0.96	0.9
Net Receivables	0.6	0.55	0.63	0.7	0.35	0.57	0.45	0.17	0.29	0.59	0.03	0.55		0.54	0.32	0.45	0.77	-0.03	-0.06	0.56	0.63	0.6	0.46	0.8	0.67	0.74
Good Will	0.83	0.91	0.58	0.93	0.26	0.74	0.68	-0.05	0.83	0.83	0.26	0.94	0.54		0.39	0.83	0.42	-0.09	-0.26	0.85	0.89	0.81	0.93	0.8	0.85	0.87
Common Stock Shares Outstanding	0.59	0.6	-0.02	0.46	0.04	0.63	0.8	-0.12	0.46	0.54	-0.12	0.53	0.32	0.39		0.63	-0.08	0.32	-0.62	0.65	0.56	0.68	0.37	0.51	0.52	0.42
Non Current Liabilities Total	0.93	0.79	0.45	0.73	0.16	0.82	0.9	-0.12	0.95	0.91	0.51	0.83	0.45	0.83	0.63		0.37	-0.12	-0.25	0.99	0.77	0.94	0.76	0.81	0.72	0.61
Inventory	0.4	0.35	0.55	0.46	0.05	0.22	0.2	-0.11	0.33	0.38	0.3	0.37	0.77	0.42	-0.08	0.37		-0.54	0.35	0.43	0.47	0.41	0.27	0.6	0.42	0.52
Other Current Assets	0.1	0.08	0.02	0.1	0.6	0.36	0.21	0.64	-0.25	0.11	-0.21	0.1	-0.03	-0.09	0.32	-0.12	-0.54		-0.64	-0.08	0.05	0.06	0.03	0.06	0.24	0.07
Other Stockholder Equity	-0.4	-0.42	-0.16	-0.38	-0.47	-0.55	-0.52	-0.38	-0.16	-0.39	0.16	-0.4	-0.06	-0.26	-0.62	-0.25	0.35	-0.64		-0.3	-0.37	-0.41	-0.35	-0.34	-0.46	-0.33
Total Liab	0.96	0.82	0.53	0.78	0.23	0.87	0.9	-0.05	0.92	0.94	0.46	0.85	0.56	0.85	0.65	0.99	0.43	-0.08	-0.3		0.8	0.97	0.79	0.88	0.77	0.68
Property Plant And Equipment Gross	0.78	0.98	0.43	0.95	0.24	0.71	0.75	-0.09	0.69	0.75	0.11	0.96	0.63	0.89	0.56	0.77	0.47	0.05	-0.37	0.8		0.81	0.79	0.81	0.95	0.93
Total Current Assets	0.98	0.82	0.58	0.79	0.4	0.93	0.91	0.12	0.86	0.97	0.43	0.87	0.6	0.81	0.68	0.94	0.41	0.06	-0.41	0.97	0.81		0.76	0.93	0.83	0.69
Short Term Debt	0.8	0.86	0.49	0.89	0.35	0.76	0.66	0.06	0.76	0.81	0.2	0.89	0.46	0.93	0.37	0.76	0.27	0.03	-0.35	0.79	0.79	0.76		0.74	0.81	0.8
Accounts Payable	0.94	0.78	0.77	0.85	0.54	0.9	0.77	0.28	0.72	0.94	0.36	0.83	0.8	0.8	0.51	0.81	0.6	0.06	-0.34	0.88	0.81	0.93	0.74		0.86	0.79
Short Term Investments	0.82	0.94	0.54	0.96	0.48	0.81	0.74	0.17	0.62	0.8	0.13	0.96	0.67	0.85	0.52	0.72	0.42	0.24	-0.46	0.77	0.95	0.83	0.81	0.86		0.93
Current Deferred Revenue	0.69	0.91	0.52	0.98	0.3	0.65	0.58	0.01	0.52	0.67	-0.07	0.9	0.74	0.87	0.42	0.61	0.52	0.07	-0.33	0.68	0.93	0.69	0.8	0.79	0.93

Click cells to compare fundamentals

Air Canada Account Relationship Matchups

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

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

0.5	VISA	Visa Inc CDR	Pair Corr
0.49	AAPL	Apple Inc CDR	Pair Corr
0.42	TSLA	Tesla Inc CDR	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

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.

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Air Stock analysis

When running Air Canada's price analysis, check to measure Air Canada's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air Canada is operating at the current time. Most of Air Canada's value examination focuses on studying past and present price action to predict the probability of Air Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Canada's price. Additionally, you may evaluate how the addition of Air Canada to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Air Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Canada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Canada's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Air Interest Income vs Net Income From Continuing Ops Analysis

Interest Income vs Net Income From Continuing Ops

Interest Income vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Interest Income

Net Income From Continuing Ops

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

Complementary Tools for Air Stock analysis

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
Cash And Short Term Investments	+ 0.98	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.98	Short Long Term Debt Total
Current Deferred Revenue	+ 0.98	Total Current Liabilities

Other Stockholder Equity	- 0.64	Other Current Assets
Other Stockholder Equity	- 0.62	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.55	Property Plant And Equipment Net
Other Current Assets	- 0.54	Inventory
Other Stockholder Equity	- 0.52	Net Debt
Other Stockholder Equity	- 0.47	Total Stockholder Equity