Air Total Current Assets vs Net Debt Analysis

AC Stock

CAD 17.91 0.30 1.70%

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 Total Current Assets and its Net Debt 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.

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Total Current Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Air Canada's Total Current Assets and Net Debt is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt 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 Total Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Air Canada are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Air Canada's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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

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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 Total Current Assets vs Net Debt Analysis

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Debt

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!

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COMMON DESTINATIONS

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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