Air Net Receivables vs Current Deferred Revenue 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 Net Receivables 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Net Receivables vs Current Deferred Revenue

Net Receivables 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 Net Receivables account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Air Canada's Net Receivables and Current Deferred Revenue is 0.74. Overlapping area represents the amount of variation of Net Receivables 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 Net Receivables 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 Net Receivables 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 Net Receivables i.e., Air Canada's Net Receivables and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

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 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

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

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Air Net Receivables vs Current Deferred Revenue Analysis

Net Receivables vs Current Deferred Revenue

Net Receivables vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Receivables

Current Deferred Revenue

Air Canada fundamental ratios Correlations

Air Canada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Canada fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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