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Air Canada (TSE:AC)
TSX:AC
Canadian Market

Air Canada (AC) Ratios

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Air Canada Ratios

TSE:AC's free cash flow for Q1 2025 was C$0.18. For the 2025 fiscal year, TSE:AC's free cash flow was decreased by C$ and operating cash flow was C
gt;-0.01. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.03 1.03 1.03 1.45 1.21
Quick Ratio
1.00 0.99 1.00 1.42 1.19
Cash Ratio
0.29 0.28 0.29 0.61 0.51
Solvency Ratio
>-0.01 0.13 >-0.01 -0.07 -0.10
Operating Cash Flow Ratio
0.25 0.43 0.25 -0.23 -0.33
Short-Term Operating Cash Flow Coverage
1.87 12.03 1.87 -1.54 -1.89
Net Current Asset Value
C$ -21.40BC$ -19.14BC$ -21.40BC$ -20.55BC$ -18.53B
Leverage Ratios
Debt-to-Assets Ratio
0.55 0.46 0.55 0.54 0.45
Debt-to-Equity Ratio
-10.49 17.41 -10.49 1.84K 7.57
Debt-to-Capital Ratio
1.11 0.95 1.11 1.00 0.88
Long-Term Debt-to-Capital Ratio
1.14 0.93 1.14 1.00 0.83
Financial Leverage Ratio
-18.98 37.94 -18.98 3.40K 16.86
Debt Service Coverage Ratio
0.38 3.80 0.38 -0.73 -1.16
Interest Coverage Ratio
-0.21 2.45 -0.21 -4.17 -5.98
Debt to Market Cap
1.99 1.64 1.99 1.87 1.46
Interest Debt Per Share
48.05 41.32 48.05 49.16 48.30
Net Debt to EBITDA
13.56 2.28 13.56 -7.45 -3.91
Profitability Margins
Gross Profit Margin
16.91%28.17%16.91%-25.31%-39.65%
EBIT Margin
-3.79%14.39%-3.79%-50.64%-72.38%
EBITDA Margin
6.06%22.14%6.06%-25.73%-40.92%
Operating Profit Margin
-1.13%10.44%-1.13%-47.64%-64.74%
Pretax Profit Margin
-9.21%10.13%-9.21%-62.20%-83.20%
Net Profit Margin
-10.27%10.42%-10.27%-56.28%-79.67%
Continuous Operations Profit Margin
-10.27%10.42%-10.27%-56.28%-79.67%
Net Income Per EBT
111.55%102.89%111.55%90.48%95.76%
EBT Per EBIT
814.97%97.06%814.97%130.57%128.52%
Return on Assets (ROA)
-5.76%7.54%-5.76%-11.77%-16.07%
Return on Equity (ROE)
109.32%285.93%109.32%-40022.22%-270.96%
Return on Capital Employed (ROCE)
-0.93%11.29%-0.93%-12.87%-17.34%
Return on Invested Capital (ROIC)
-0.95%11.14%-0.95%-10.95%-15.35%
Return on Tangible Assets
-6.75%8.81%-6.75%-13.72%-18.96%
Earnings Yield
-24.49%34.40%-24.49%-48.57%-72.37%
Efficiency Ratios
Receivables Turnover
15.97 19.48 15.97 9.26 9.06
Payables Turnover
5.11 4.71 5.11 3.08 3.30
Inventory Turnover
43.26 46.54 43.26 35.80 49.07
Fixed Asset Turnover
1.39 1.83 1.39 0.55 0.48
Asset Turnover
0.56 0.72 0.56 0.21 0.20
Working Capital Turnover Ratio
9.62 77.42 9.62 2.75 9.16
Cash Conversion Cycle
-40.10 -50.87 -40.10 -68.86 -62.71
Days of Sales Outstanding
22.86 18.74 22.86 39.41 40.30
Days of Inventory Outstanding
8.44 7.84 8.44 10.19 7.44
Days of Payables Outstanding
71.40 77.45 71.40 118.47 110.45
Operating Cycle
31.30 26.58 31.30 49.60 47.74
Cash Flow Ratios
Operating Cash Flow Per Share
6.61 12.07 6.61 -4.45 -8.34
Free Cash Flow Per Share
2.22 7.70 2.22 -7.51 -12.61
CapEx Per Share
4.39 4.37 4.39 3.06 4.26
Free Cash Flow to Operating Cash Flow
0.34 0.64 0.34 1.69 1.51
Dividend Paid and CapEx Coverage Ratio
1.51 2.76 1.51 -1.46 -1.96
Capital Expenditure Coverage Ratio
1.51 2.76 1.51 -1.46 -1.96
Operating Cash Flow Coverage Ratio
0.15 0.31 0.15 -0.09 -0.18
Operating Cash Flow to Sales Ratio
0.14 0.20 0.14 -0.24 -0.40
Free Cash Flow Yield
11.47%41.66%11.47%-35.54%-55.36%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-4.08 2.91 -4.08 -2.06 -1.38
Price-to-Sales (P/S) Ratio
0.42 0.30 0.42 1.16 1.10
Price-to-Book (P/B) Ratio
-4.46 8.31 -4.46 824.07 3.74
Price-to-Free Cash Flow (P/FCF) Ratio
8.72 2.40 8.72 -2.81 -1.81
Price-to-Operating Cash Flow Ratio
2.93 1.53 2.93 -4.75 -2.73
Price-to-Earnings Growth (PEG) Ratio
0.08 -0.01 0.08 0.05 <0.01
Price-to-Fair Value
-4.46 8.31 -4.46 824.07 3.74
Enterprise Value Multiple
20.47 3.65 20.47 -11.96 -6.60
Enterprise Value
20.55B 17.66B 20.55B 19.69B 15.75B
EV to EBITDA
20.47 3.65 20.47 -11.96 -6.60
EV to Sales
1.24 0.81 1.24 3.08 2.70
EV to Free Cash Flow
25.82 6.41 25.82 -7.47 -4.43
EV to Operating Cash Flow
8.68 4.09 8.68 -12.60 -6.69
Tangible Book Value Per Share
-16.43 -9.95 -16.43 -12.38 -9.55
Shareholders’ Equity Per Share
-4.34 2.22 -4.34 0.03 6.08
Tax and Other Ratios
Effective Tax Rate
-0.12 -0.03 -0.12 0.10 0.04
Revenue Per Share
46.25 60.99 46.25 18.23 20.68
Net Income Per Share
-4.75 6.36 -4.75 -10.26 -16.48
Tax Burden
1.12 1.03 1.12 0.90 0.96
Interest Burden
2.43 0.70 2.43 1.23 1.15
Research & Development to Revenue
<0.01 0.00 <0.01 0.01 0.02
SG&A to Revenue
0.03 0.03 0.03 0.06 0.06
Stock-Based Compensation to Revenue
<0.01 0.00 <0.01 <0.01 0.00
Income Quality
-1.39 1.90 -1.39 0.43 0.51
Currency in CAD
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