Air Net Receivables vs Good Will 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 Good Will 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 Good Will
Net Receivables vs Good Will 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 Good Will. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Air Canada's Net Receivables and Good Will is 0.54. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Good Will 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 Good Will 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 Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Receivables i.e., Air Canada's Net Receivables and Good Will go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Receivables
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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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Try AI Portfolio ArchitectCheck 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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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