Air Canada (AC) - 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. See Air Canada defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Air Canada - Cash Flow Conversion Efficiency Trend (2001–2025)
This chart illustrates how Air Canada's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Air Canada Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Air Canada ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Cencosud Shopping SA
SN:CENCOMALLS
|
0.020x |
|
Housing & Urban Development Corporation Limited
NSE:HUDCO
|
-1.041x |
|
ENTAIN PLC UNSP.ADR/1
F:6GI0
|
N/A |
|
Grifols S.A
F:G0FB
|
0.057x |
|
Yongxing Special Stainless Steel Co Ltd
SHE:002756
|
0.018x |
|
KEDA INDL GRP.C.LTD GDR A
F:T0T
|
N/A |
|
HMT(Xiamen)New Technical
SHG:603306
|
0.018x |
|
MDU Resources Group Inc
NYSE:MDU
|
0.051x |
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. For the full company profile with market capitalisation and key ratios, see AC company net worth.
| 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