Air Canada (Air Canada) Debt-to-Equity : 17.42 (As of Dec. 2023)

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What is Air Canada Debt-to-Equity?

Air Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $645 Mil. Air Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,687 Mil. Air Canada's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $593 Mil. Air Canada's debt to equity for the quarter that ended in Dec. 2023 was 17.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Air Canada's Debt-to-Equity or its related term are showing as below:

ACDVF' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.49 Med: 4.28 Max: 1835.89
Current: 17.42

During the past 13 years, the highest Debt-to-Equity Ratio of Air Canada was 1835.89. The lowest was -10.49. And the median was 4.28.

ACDVF's Debt-to-Equity is ranked worse than
99.21% of 882 companies
in the Transportation industry
Industry Median: 0.55 vs ACDVF: 17.42

Air Canada Debt-to-Equity Historical Data

The historical data trend for Air Canada's Debt-to-Equity 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.

* Premium members only.

Air Canada Debt-to-Equity Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.10

7.57

1,835.95

-10.49

17.42

Air Canada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-10.49	-10.61	-25.62	26.13	17.42

Competitive Comparison of Air Canada's Debt-to-Equity

For the Airlines subindustry, Air Canada's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Air Canada's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Canada's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Air Canada's Debt-to-Equity falls into.

Air Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Air Canada's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(645.498	+	9686.941)	/	593.321
	=	17.41

Air Canada's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(645.498	+	9686.941)	/	593.321
	=	17.41

Air Canada (OTCPK:ACDVF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Air Canada Debt-to-Equity Related Terms

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Air Canada (Air Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Canada (OTCPK:ACDVF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ADH2:Germany AC:Canada

Address

7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, QC, CAN, H4S 1Z3

Website

https://www.aircanada.com

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2022, the company generated CAD 16.6 billion in total revenue, down from CAD 19 billion in 2019 as the airline is still recovering from the pandemic and related travel restrictions.