Air Canada Cash Flow Conversion Efficiency
Air Canada cash flow conversion efficiency. Based on the latest financial reports, Air Canada (AC) has a cash flow conversion efficiency ratio of 0.661x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$1.80 Billion ≈ $1.30 Billion USD) by net assets (CA$2.72 Billion ≈ $1.97 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Air Canada (2001–2025)
Cash flow conversion efficiency of Air Canada from 2001 to 2025. This chart illustrates how Air Canada's cash flow conversion efficiency has evolved over time, based on yearly financial data. View Air Canada stock price for real-time trading data and today's change.
Air Canada Cash Flow Conversion Ratio Explained
Air Canada cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Air Canada Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Air Canada ranked by their cash flow conversion efficiency. Also see how much is Air Canada worth for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Enagás S.A.
MC:ENG
|
0.017x |
|
Softcat plc
F:SF5
|
0.107x |
|
Eastern Air Logistics Co Ltd
SHG:601156
|
0.109x |
|
Silgan Holdings Inc
NYSE:SLGN
|
-0.082x |
|
HLA GROUP CORP LTD
SHG:600398
|
0.126x |
|
Fujian Funeng Co Ltd
SHG:600483
|
0.072x |
|
Indorama Ventures PCL
BK:IVL
|
0.120x |
|
Schibsted ASA B
OL:SCHB
|
0.011x |
Annual Cash Flow Conversion Efficiency for Air Canada (2001–2025)
The table below shows the annual cash flow conversion efficiency of Air Canada from 2001 to 2025. Review AC free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | CA$2.59 Billion ≈ $1.87 Billion |
CA$3.66 Billion ≈ $2.65 Billion |
1.411x | -14.24% |
| 2024-12-31 | CA$2.39 Billion ≈ $1.73 Billion |
CA$3.93 Billion ≈ $2.84 Billion |
1.646x | -69.68% |
| 2023-12-31 | CA$796.00 Million ≈ $575.81 Million |
CA$4.32 Billion ≈ $3.13 Billion |
5.427x | +456.38% |
| 2022-12-31 | CA$-1.55 Billion ≈ $-1.12 Billion |
CA$2.37 Billion ≈ $1.71 Billion |
-1.523x | +99.12% |
| 2021-12-31 | CA$9.00 Million ≈ $6.51 Million |
CA$-1.56 Billion ≈ $-1.13 Billion |
-173.667x | -12557.81% |
| 2020-12-31 | CA$1.72 Billion ≈ $1.24 Billion |
CA$-2.35 Billion ≈ $-1.70 Billion |
-1.372x | -205.71% |
| 2019-12-31 | CA$4.40 Billion ≈ $3.18 Billion |
CA$5.71 Billion ≈ $4.13 Billion |
1.298x | +50.85% |
| 2018-12-31 | CA$4.03 Billion ≈ $2.92 Billion |
CA$3.47 Billion ≈ $2.51 Billion |
0.860x | +7.53% |
| 2017-12-31 | CA$3.42 Billion ≈ $2.48 Billion |
CA$2.74 Billion ≈ $1.98 Billion |
0.800x | -59.71% |
| 2016-12-31 | CA$1.22 Billion ≈ $881.81 Million |
CA$2.42 Billion ≈ $1.75 Billion |
1.986x | -96.05% |
| 2015-12-31 | CA$40.00 Million ≈ $28.94 Million |
CA$2.01 Billion ≈ $1.46 Billion |
50.300x | +6156.31% |
| 2014-12-31 | CA$-1.13 Billion ≈ $-819.59 Million |
CA$941.00 Million ≈ $680.71 Million |
-0.831x | -58.72% |
| 2013-12-31 | CA$-1.40 Billion ≈ $-1.01 Billion |
CA$731.00 Million ≈ $528.79 Million |
-0.523x | -172.37% |
| 2012-12-31 | CA$-3.35 Billion ≈ $-2.42 Billion |
CA$643.00 Million ≈ $465.14 Million |
-0.192x | -31.33% |
| 2011-12-31 | CA$-4.01 Billion ≈ $-2.90 Billion |
CA$586.00 Million ≈ $423.90 Million |
-0.146x | +79.81% |
| 2010-12-31 | CA$-1.29 Billion ≈ $-931.72 Million |
CA$933.00 Million ≈ $674.92 Million |
-0.724x | -614.40% |
| 2009-12-31 | CA$1.65 Billion ≈ $1.19 Billion |
CA$-167.00 Million ≈ $-120.81 Million |
-0.101x | +5.36% |
| 2008-12-31 | CA$952.00 Million ≈ $688.66 Million |
CA$-102.00 Million ≈ $-73.79 Million |
-0.107x | -165.61% |
| 2007-12-31 | CA$2.63 Billion ≈ $1.90 Billion |
CA$429.00 Million ≈ $310.33 Million |
0.163x | -7.50% |
| 2006-12-31 | CA$2.23 Billion ≈ $1.61 Billion |
CA$393.00 Million ≈ $284.29 Million |
0.177x | -38.53% |
| 2005-12-31 | CA$1.35 Billion ≈ $977.29 Million |
CA$388.00 Million ≈ $280.67 Million |
0.287x | +958.48% |
| 2003-12-31 | CA$-4.16 Billion ≈ $-3.01 Billion |
CA$139.00 Million ≈ $100.55 Million |
-0.033x | -180.57% |
| 2002-12-31 | CA$-2.29 Billion ≈ $-1.66 Billion |
CA$-95.00 Million ≈ $-68.72 Million |
0.042x | -94.35% |
| 2001-12-31 | CA$-1.46 Billion ≈ $-1.06 Billion |
CA$-1.07 Billion ≈ $-775.47 Million |
0.734x | -- |
About Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. It provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers. As of December 31, 202… Read more