Air Canada Cash Flow-to-Debt Ratio
Air Canada cash flow-to-debt ratio. 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. Check Air Canada (AC) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Air Canada (2001–2025)
Cash flow-to-debt ratio of Air Canada from 2001 to 2025. Historical debt coverage capacity for Air Canada across 24 annual periods. Check how aggressively does Air Canada reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Air Canada Cash Flow-to-Debt Ratio by Year (2001–2025)
Air Canada cash flow-to-debt ratio by year from 2001 to 2025. Year-by-year debt coverage analysis for Air Canada. For the full cash flow conversion analysis, see Air Canada cash conversion from operations.
| 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 | — |