Air Canada (STU:ADH2) Debt-to-Asset : 0.42 (As of Mar. 2024)

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What is Air Canada Debt-to-Asset?

Air Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €825 Mil. Air Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €7,645 Mil. Air Canada's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €20,196 Mil. Air Canada's debt to asset for the quarter that ended in Mar. 2024 was 0.42.

Air Canada Debt-to-Asset Historical Data

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

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Air Canada Debt-to-Asset Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.33

0.45

0.54

0.55

0.46

Air Canada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.53	0.48	0.48	0.46	0.42

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

For the Airlines subindustry, Air Canada's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Transportation Industry

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

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

Air Canada Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(591.922	+	8882.925)	/	20640.019
	=	0.46

Air Canada's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(825.118	+	7644.917)	/	20195.686
	=	0.42

Air Canada (STU:ADH2) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Air Canada Debt-to-Asset Related Terms

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Air Canada (STU:ADH2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Canada (STU:ADH2) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ACDVF:USA 0SE9:UK AC:Canada ADH2:Bulgaria

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.

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