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. Check Air Canada (AC) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. See Air Canada (AC) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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. For market capitalisation and the full company profile, see Air Canada stock valuation.
| 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 | — |