Air Canada (TSX:AC) Beginning Cash Position: C$2,795 Mil (As of Mar. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:AC Air Canada TSX:AC
85 GF Score
Price C$23.68
GF Value C$24.28
Valuation Fairly Valued
! 5 Warning Signs
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What is Air Canada Beginning Cash Position?

Air Canada TSX:AC -3.15% 85 Beginning Cash Position is C$2,795 Mil as of Mar. 2026. GuruFocus rates TSX:AC with a GF Score™ of 85/100 and a GF Value™ of C$24.28 (Fairly Valued). The stock has 5 warning signs investors should review.

Air Canada's Beginning Cash Position for the quarter that ended in Mar. 2026 was C$2,795 Mil.

Air Canada's quarterly Beginning Cash Position increased from Sep. 2025 (C$3,336 Mil) to Dec. 2025 (C$3,890 Mil) but then declined from Dec. 2025 (C$3,890 Mil) to Mar. 2026 (C$2,795 Mil).

Air Canada's annual Beginning Cash Position increased from Dec. 2023 (C$2,693 Mil) to Dec. 2024 (C$2,817 Mil) but then declined from Dec. 2024 (C$2,817 Mil) to Dec. 2025 (C$2,518 Mil).

Air Canada Beginning Cash Position Related Terms

Air Canada Beginning Cash Position Historical Data

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The historical data trend for Air Canada's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Canada Beginning Cash Position Chart

Air Canada Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,764.00 4,415.00 2,693.00 2,817.00 2,518.00

Air Canada Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,518.00 3,361.00 3,336.00 3,890.00 2,795.00
TSX:AC
85GF Score
Air Canada TSX:AC
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Canada Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of C$2,795 Mil mean?
Air Canada (TSX:AC) has a Beginning Cash Position of C$2,795 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Air Canada and its competitors.
Is Air Canada's Beginning Cash Position too high?
Air Canada's current Beginning Cash Position is C$2,795 Mil. Overall, Air Canada has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Canada's Beginning Cash Position compare to DAL and UAL?
Air Canada's Beginning Cash Position of C$2,795 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Transportation company?
A good Beginning Cash Position depends on the Transportation industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Air Canada and its competitors. Air Canada's current Beginning Cash Position is C$2,795 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Based on GuruFocus' analysis, Air Canada (TSX:AC) is currently considered Fairly Valued. The stock's GF Value™ is C$24.28, compared to a current price of C$23.68 — trading 2.5% below its estimated fair value. The current Beginning Cash Position is C$2,795 Mil. Air Canada's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Air Canada (TSX:AC), the current Beginning Cash Position is C$2,795 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Air Canada (TSX:AC) Overvalued in 2026?

Based on GuruFocus' analysis, Air Canada stock appears to be undervalued. The current stock price of C$23.68 is trading 2.5% below its estimated GF Value™ of C$24.28. GuruFocus considers Air Canada to be Fairly Valued.

Key valuation signals for TSX:AC:

  • Beginning Cash Position: C$2,795 Mil
  • GF Value™: C$24.28 vs. price of C$23.68 (2.5% below fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the TSX:AC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Air Canada Business Description

Address 7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, Montreal, QC, CAN, H4S 1Z3
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
85GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$23.68
Price
C$24.28
GF Value