Air Canada (AC) — Defensive Interval Ratio

Latest as of March 2026: 96 days

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. Check Air Canada tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

96 days
Days of operational coverage

Defensive Assets

CA$4.12 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$42.84 Million
Current Liabilities ÷ 365

Current Liabilities

CA$15.64 Billion
CAD

Air Canada Defensive Interval Ratio (2001–2025)

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. Also explore Air Canada annual equity growth to track the company's year-over-year net asset growth rate.

Annual Defensive Interval Ratio for Air Canada (2001–2025)

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 live market cap and the full company financial profile, see Air Canada (AC) total market value.

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$- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)