Air Canada (AC) — Net Asset Quality Index
Air Canada (AC) has a Net Asset Quality Index of 8.2% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$33.09 Billion minus total liabilities of CA$30.37 Billion yields net assets of CA$2.72 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read Air Canada total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Air Canada Net Asset Quality Index Over Time (2001–2025)
This chart shows how Air Canada's Net Asset Quality Index has evolved across 24 annual periods from 2001 to 2025. As of March 2026, the index stands at 8.2%, representing net assets of CA$2.72 Billion against total assets of CA$33.09 Billion CAD. For live market cap and overall valuation, see market cap of Air Canada.
Annual Net Asset Quality Index for Air Canada (2001–2025)
The table below presents the year-by-year Net Asset Quality Index for Air Canada from 2001 to 2025, covering 24 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check how strategically is Air Canada's equity deployed to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 8.3% | CA$2.59 Billion | CA$31.21 Billion | CA$28.62 Billion | ▲ +0.6 pp |
| 2024 | 7.7% | CA$2.39 Billion | CA$31.21 Billion | CA$28.82 Billion | ▲ +5.0 pp |
| 2023 | 2.6% | CA$796.00 Million | CA$30.17 Billion | CA$29.38 Billion | ▲ +7.9 pp |
| 2022 | -5.3% | CA$-1.55 Billion | CA$29.51 Billion | CA$31.06 Billion | ▼ -5.3 pp |
| 2021 | 0.0% | CA$9.00 Million | CA$30.61 Billion | CA$30.61 Billion | ▼ -5.9 pp |
| 2020 | 5.9% | CA$1.72 Billion | CA$28.91 Billion | CA$27.20 Billion | ▼ -9.9 pp |
| 2019 | 15.9% | CA$4.40 Billion | CA$27.76 Billion | CA$23.36 Billion | ▼ -5.2 pp |
| 2018 | 21.0% | CA$4.03 Billion | CA$19.20 Billion | CA$15.16 Billion | ▲ +1.8 pp |
| 2017 | 19.2% | CA$3.42 Billion | CA$17.78 Billion | CA$14.36 Billion | ▲ +11.2 pp |
| 2016 | 8.1% | CA$1.22 Billion | CA$15.11 Billion | CA$13.89 Billion | ▲ +7.8 pp |
| 2015 | 0.3% | CA$40.00 Million | CA$13.13 Billion | CA$13.09 Billion | ▲ +10.9 pp |
| 2014 | -10.6% | CA$-1.13 Billion | CA$10.65 Billion | CA$11.78 Billion | ▲ +4.1 pp |
| 2013 | -14.8% | CA$-1.40 Billion | CA$9.47 Billion | CA$10.87 Billion | ▲ +23.1 pp |
| 2012 | -37.8% | CA$-3.35 Billion | CA$8.85 Billion | CA$12.19 Billion | ▲ +3.8 pp |
| 2011 | -41.6% | CA$-4.01 Billion | CA$9.63 Billion | CA$13.64 Billion | ▼ -28.9 pp |
| 2010 | -12.7% | CA$-1.29 Billion | CA$10.15 Billion | CA$11.44 Billion | ▼ -28.5 pp |
| 2009 | 15.8% | CA$1.65 Billion | CA$10.41 Billion | CA$8.76 Billion | ▲ +7.5 pp |
| 2008 | 8.4% | CA$952.00 Million | CA$11.36 Billion | CA$10.41 Billion | ▼ -13.5 pp |
| 2007 | 21.9% | CA$2.63 Billion | CA$11.99 Billion | CA$9.37 Billion | ▲ +3.0 pp |
| 2006 | 18.9% | CA$2.23 Billion | CA$11.75 Billion | CA$9.52 Billion | ▲ +5.8 pp |
| 2005 | 13.2% | CA$1.35 Billion | CA$10.26 Billion | CA$8.91 Billion | ▲ +73.3 pp |
| 2003 | -60.1% | CA$-4.16 Billion | CA$6.91 Billion | CA$11.06 Billion | ▼ -29.3 pp |
| 2002 | -30.9% | CA$-2.29 Billion | CA$7.42 Billion | CA$9.70 Billion | ▼ -14.2 pp |
| 2001 | -16.7% | CA$-1.46 Billion | CA$8.74 Billion | CA$10.20 Billion | — |