Air Canada Defensive Interval Ratio
Air Canada defensive interval ratio. Air Canada (AC) has a Defensive Interval Ratio of 96 days as of March 2026. Defensive assets of CA$4.12 Billion (cash CA$-, short-term investments CA$2.63 Billion, receivables CA$1.48 Billion) cover 96 days of daily cash needs of CA$42.84 Million/day. See Air Canada (AC) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of Air Canada (2001–2025)
Defensive interval ratio of Air Canada from 2001 to 2025. This chart shows how Air Canada's Defensive Interval Ratio has evolved across 24 annual periods from 2001 to 2025. As of March 2026, the ratio stands at 96 days, meaning defensive assets of CA$4.12 Billion can fund 96 days of operations without new revenue. Check AC cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Air Canada Defensive Interval Ratio by Year (2001–2025)
Air Canada defensive interval ratio by year from 2001 to 2025. The table below presents the year-by-year Defensive Interval Ratio for Air Canada from 2001 to 2025, covering 24 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For the complete balance sheet picture, see Air Canada balance sheet assets.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 176 days | CA$6.82 Billion | CA$38.72 Million/day | CA$2.79 Billion | CA$2.73 Billion | ▼ -81 days |
| 2024 | 257 days | CA$8.07 Billion | CA$31.36 Million/day | CA$2.52 Billion | CA$4.46 Billion | ▼ -96 days |
| 2023 | 353 days | CA$9.67 Billion | CA$27.39 Million/day | CA$2.82 Billion | CA$5.73 Billion | ▲ +1 days |
| 2022 | 352 days | CA$9.03 Billion | CA$25.62 Million/day | CA$2.69 Billion | CA$5.29 Billion | ▼ -148 days |
| 2021 | 500 days | CA$9.49 Billion | CA$18.97 Million/day | CA$4.25 Billion | CA$4.55 Billion | ▲ +84 days |
| 2020 | 416 days | CA$8.14 Billion | CA$19.56 Million/day | CA$3.66 Billion | CA$3.84 Billion | ▲ +97 days |
| 2019 | 320 days | CA$6.82 Billion | CA$21.30 Million/day | CA$2.09 Billion | CA$3.80 Billion | ▼ -74 days |
| 2018 | 394 days | CA$5.50 Billion | CA$13.97 Million/day | CA$630.00 Million | CA$4.08 Billion | ▲ +63 days |
| 2017 | 330 days | CA$4.62 Billion | CA$13.98 Million/day | CA$642.00 Million | CA$3.16 Billion | ▲ +26 days |
| 2016 | 304 days | CA$3.69 Billion | CA$12.12 Million/day | CA$787.00 Million | CA$2.19 Billion | ▲ +28 days |
| 2015 | 276 days | CA$2.90 Billion | CA$10.49 Million/day | CA$- | CA$2.10 Billion | ▲ +42 days |
| 2014 | 234 days | CA$2.27 Billion | CA$9.69 Million/day | CA$- | CA$1.61 Billion | ▲ +0 days |
| 2013 | 234 days | CA$2.05 Billion | CA$8.74 Million/day | CA$- | CA$1.46 Billion | ▲ +31 days |
| 2012 | 204 days | CA$1.82 Billion | CA$8.93 Million/day | CA$- | CA$1.27 Billion | ▼ -24 days |
| 2011 | 227 days | CA$1.96 Billion | CA$8.64 Million/day | CA$- | CA$1.25 Billion | ▲ +24 days |
| 2010 | 204 days | CA$1.74 Billion | CA$8.56 Million/day | CA$- | CA$1.10 Billion | ▲ +83 days |
| 2009 | 121 days | CA$993.00 Million | CA$8.22 Million/day | CA$- | CA$292.00 Million | ▲ +6 days |
| 2008 | 114 days | CA$1.21 Billion | CA$10.56 Million/day | CA$- | CA$506.00 Million | ▼ -66 days |
| 2007 | 181 days | CA$1.46 Billion | CA$8.10 Million/day | CA$- | CA$712.00 Million | ▲ +39 days |
| 2006 | 141 days | CA$1.49 Billion | CA$10.53 Million/day | CA$- | CA$798.00 Million | ▲ +50 days |
| 2005 | 91 days | CA$660.00 Million | CA$7.28 Million/day | CA$- | CA$- | ▲ +14 days |
| 2003 | 76 days | CA$502.00 Million | CA$6.58 Million/day | CA$- | CA$- | ▼ -22 days |
| 2002 | 98 days | CA$697.00 Million | CA$7.10 Million/day | CA$- | CA$- | ▲ +1 days |
| 2001 | 97 days | CA$764.00 Million | CA$7.86 Million/day | CA$- | CA$- | — |