Air Canada (AC) — Capital Reinvestment Ratio
Air Canada (AC) has a Capital Reinvestment Ratio of 0.27x as of March 2026, meaning it reinvests 0% of its operating cash flow (CA$1.80 Billion) in capital expenditures (CA$477.00 Million). See Air Canada balance sheet independence to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Air Canada Capital Reinvestment Ratio (2005–2025)
This chart tracks Air Canada's Capital Reinvestment Ratio across 17 annual periods. Check AC cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Air Canada (2005–2025)
Year-by-year Capital Reinvestment Ratio for Air Canada from 2005 to 2025. For live market cap and broader valuation context, see how much is Air Canada worth.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.80x | CA$3.66 Billion | CA$2.91 Billion | ▲ +18.6% |
| 2024 | 0.67x | CA$3.93 Billion | CA$2.64 Billion | ▲ +85.3% |
| 2023 | 0.36x | CA$4.32 Billion | CA$1.56 Billion | ▼ -45.5% |
| 2022 | 0.66x | CA$2.37 Billion | CA$1.57 Billion | ▲ +87.2% |
| 2019 | 0.35x | CA$5.71 Billion | CA$2.02 Billion | ▼ -44.0% |
| 2018 | 0.63x | CA$3.47 Billion | CA$2.20 Billion | ▼ -28.4% |
| 2017 | 0.88x | CA$2.74 Billion | CA$2.42 Billion | ▼ -26.7% |
| 2016 | 1.21x | CA$2.42 Billion | CA$2.92 Billion | ▲ +33.7% |
| 2015 | 0.90x | CA$2.01 Billion | CA$1.81 Billion | ▼ -43.4% |
| 2014 | 1.60x | CA$941.00 Million | CA$1.50 Billion | ▲ +21.2% |
| 2013 | 1.32x | CA$731.00 Million | CA$962.00 Million | ▲ +83.2% |
| 2012 | 0.72x | CA$643.00 Million | CA$462.00 Million | ▲ +91.4% |
| 2011 | 0.38x | CA$586.00 Million | CA$220.00 Million | ▲ +196.8% |
| 2010 | 0.13x | CA$933.00 Million | CA$118.00 Million | ▼ -97.9% |
| 2007 | 6.07x | CA$429.00 Million | CA$2.61 Billion | ▲ +168.8% |
| 2006 | 2.26x | CA$393.00 Million | CA$888.00 Million | ▲ +1.0% |
| 2005 | 2.24x | CA$388.00 Million | CA$868.00 Million | — |