Air Canada (AC) — Cash Flow-to-Debt Ratio
Latest as of March 2026:
0.06x
Air Canada (AC) has a Cash Flow-to-Debt Ratio of 0.06x as of March 2026, meaning its operating cash flow of CA$1.80 Billion could theoretically repay 0% of its total liabilities (CA$30.37 Billion) in one year. See AC free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
0.06x
Operating CF / Total Liabilities
Operating Cash Flow
CA$1.80 Billion
CAD
Total Liabilities
CA$30.37 Billion
CAD
Data as of
Mar 2026
Most recent filing
Air Canada Cash Flow-to-Debt Ratio (2001–2025)
Historical debt coverage capacity for Air Canada across 24 annual periods. Also explore net asset momentum of Air Canada to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Air Canada (2001–2025)
Year-by-year debt coverage analysis for Air Canada. For market capitalisation and broader financial context, see AC market cap.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.13x | CA$3.66 Billion | CA$28.62 Billion | ▼ -6.3% |
| 2024 | 0.14x | CA$3.93 Billion | CA$28.82 Billion | ▼ -7.3% |
| 2023 | 0.15x | CA$4.32 Billion | CA$29.38 Billion | ▲ +92.9% |
| 2022 | 0.08x | CA$2.37 Billion | CA$31.06 Billion | ▲ +249.3% |
| 2021 | -0.05x | CA$-1.56 Billion | CA$30.61 Billion | ▲ +41.0% |
| 2020 | -0.09x | CA$-2.35 Billion | CA$27.20 Billion | ▼ -135.4% |
| 2019 | 0.24x | CA$5.71 Billion | CA$23.36 Billion | ▲ +6.8% |
| 2018 | 0.23x | CA$3.47 Billion | CA$15.16 Billion | ▲ +20.0% |
| 2017 | 0.19x | CA$2.74 Billion | CA$14.36 Billion | ▲ +9.4% |
| 2016 | 0.17x | CA$2.42 Billion | CA$13.89 Billion | ▲ +13.3% |
| 2015 | 0.15x | CA$2.01 Billion | CA$13.09 Billion | ▲ +92.5% |
| 2014 | 0.08x | CA$941.00 Million | CA$11.78 Billion | ▲ +18.7% |
| 2013 | 0.07x | CA$731.00 Million | CA$10.87 Billion | ▲ +27.6% |
| 2012 | 0.05x | CA$643.00 Million | CA$12.19 Billion | ▲ +22.7% |
| 2011 | 0.04x | CA$586.00 Million | CA$13.64 Billion | ▼ -47.3% |
| 2010 | 0.08x | CA$933.00 Million | CA$11.44 Billion | ▲ +527.7% |
| 2009 | -0.02x | CA$-167.00 Million | CA$8.76 Billion | ▼ -94.6% |
| 2008 | -0.01x | CA$-102.00 Million | CA$10.41 Billion | ▼ -121.4% |
| 2007 | 0.05x | CA$429.00 Million | CA$9.37 Billion | ▲ +11.0% |
| 2006 | 0.04x | CA$393.00 Million | CA$9.52 Billion | ▼ -5.2% |
| 2005 | 0.04x | CA$388.00 Million | CA$8.91 Billion | ▲ +246.6% |
| 2003 | 0.01x | CA$139.00 Million | CA$11.06 Billion | ▲ +228.3% |
| 2002 | -0.01x | CA$-95.00 Million | CA$9.70 Billion | ▲ +90.7% |
| 2001 | -0.11x | CA$-1.07 Billion | CA$10.20 Billion | — |
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.