Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. It provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers. As of December 31, 202… Read more
Air Canada (ACDVF) - Net Assets
Latest net assets as of December 2025: $2.59 Billion USD
Based on the latest financial reports, Air Canada (ACDVF) has net assets worth $2.59 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($31.21 Billion) and total liabilities ($28.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.59 Billion |
| % of Total Assets | 8.3% |
| Annual Growth Rate | N/A |
| 5-Year Change | 28688.89% |
| 10-Year Change | 112.55% |
| Growth Volatility | 5661.07 |
Air Canada - Net Assets Trend (2013–2025)
This chart illustrates how Air Canada's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Air Canada (2013–2025)
The table below shows the annual net assets of Air Canada from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.59 Billion | +8.50% |
| 2024-12-31 | $2.39 Billion | +200.00% |
| 2023-12-31 | $796.00 Million | +151.19% |
| 2022-12-31 | $-1.55 Billion | -17377.78% |
| 2021-12-31 | $9.00 Million | -99.48% |
| 2020-12-31 | $1.72 Billion | -61.02% |
| 2019-12-31 | $4.40 Billion | +9.10% |
| 2018-12-31 | $4.03 Billion | +19.35% |
| 2017-12-31 | $3.38 Billion | +177.19% |
| 2016-12-31 | $1.22 Billion | +2947.50% |
| 2015-12-31 | $40.00 Million | +127.53% |
| 2014-12-31 | $-145.31 Million | +89.60% |
| 2013-12-31 | $-1.40 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air Canada's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 256900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $202.00 Million | 7.80% |
| Other Components | $2.39 Billion | 92.20% |
| Total Equity | $2.59 Billion | 100.00% |
Air Canada Competitors by Market Cap
The table below lists competitors of Air Canada ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Hawaii Corporation
NYSE:BOH
|
$2.83 Billion |
|
Qingdao TGOOD Electric Co Ltd
SHE:300001
|
$2.83 Billion |
|
Red Rock Resorts Inc
NASDAQ:RRR
|
$2.83 Billion |
|
Samsonite International S.A
PINK:SMSOF
|
$2.83 Billion |
|
Atlanta Braves Holdings, Inc. Series A Common Stock
NASDAQ:BATRA
|
$2.82 Billion |
|
WNS Holdings Ltd
NYSE:WNS
|
$2.82 Billion |
|
Beijing Huafeng Test & Control Technology Co Ltd
SHG:688200
|
$2.82 Billion |
|
Sportradar Group AG
NASDAQ:SRAD
|
$2.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air Canada's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,388,000,000 to 2,591,000,000, a change of 203,000,000 (8.5%).
- Net income of 644,000,000 contributed positively to equity growth.
- Share repurchases of 859,000,000 reduced equity.
- New share issuances of 2,000,000 increased equity.
- Other factors increased equity by 416,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $644.00 Million | +24.86% |
| Share Repurchases | $859.00 Million | -33.15% |
| Share Issuances | $2.00 Million | +0.08% |
| Other Changes | $416.00 Million | +16.06% |
| Total Change | $- | 8.50% |
Book Value vs Market Value Analysis
This analysis compares Air Canada's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $9.62 | x |
| 2016-12-31 | $0.00 | $9.62 | x |
| 2017-12-31 | $12.37 | $9.62 | x |
| 2018-12-31 | $14.90 | $9.62 | x |
| 2019-12-31 | $16.68 | $9.62 | x |
| 2020-12-31 | $5.16 | $9.62 | x |
| 2021-12-31 | $0.03 | $9.62 | x |
| 2022-12-31 | $-4.34 | $9.62 | x |
| 2023-12-31 | $2.22 | $9.62 | x |
| 2024-12-31 | $7.03 | $9.62 | x |
| 2025-12-31 | $8.80 | $9.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air Canada utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.88%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 12.05x
- Recent ROE (24.86%) is above the historical average (-2877.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.05% | 1.31x | 0.00x | $152.00 Million |
| 2014 | 0.00% | 0.75% | 1.25x | 0.00x | $28.23 Million |
| 2015 | 2330.77% | 2.18% | 1.06x | 1009.77x | $301.70 Million |
| 2016 | 71.86% | 5.97% | 0.97x | 12.40x | $754.10 Million |
| 2017 | 60.31% | 12.54% | 0.92x | 5.24x | $1.70 Billion |
| 2018 | 4.14% | 0.92% | 0.94x | 4.76x | $-236.30 Million |
| 2019 | 33.55% | 7.72% | 0.69x | 6.31x | $1.04 Billion |
| 2020 | -270.96% | -79.67% | 0.20x | 16.86x | $-4.82 Billion |
| 2021 | -40022.22% | -56.28% | 0.21x | 3401.56x | $-3.60 Billion |
| 2022 | 0.00% | -10.27% | 0.56x | 0.00x | $-1.54 Billion |
| 2023 | 285.93% | 10.42% | 0.72x | 37.94x | $2.20 Billion |
| 2024 | 72.03% | 7.73% | 0.71x | 13.07x | $1.48 Billion |
| 2025 | 24.86% | 2.88% | 0.72x | 12.05x | $384.90 Million |
Industry Comparison
This section compares Air Canada's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $96,575,454,713
- Average return on equity (ROE) among peers: 16.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air Canada (ACDVF) | $2.59 Billion | 0.00% | 11.05x | $2.83 Billion |
| American Airlines Group (AAL) | $3.79 Billion | 70.70% | 12.55x | $6.80 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-899.91 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $1.30 Billion | 61.11% | 16.69x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $499.36 Million | 26.02% | 4.76x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $1.61 Billion | -30.93% | 4.93x | $418.10 Million |
| Air China Limited (AICAF) | $66.60 Billion | 10.17% | 2.21x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $1.05 Billion | -4.25% | 3.00x | $1.17 Billion |
| Alaska Air Group Inc (ALK) | $345.30 Million | 2.98% | 2.51x | $4.42 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |