Canada Jetlines Operations Ltd
Canada Jetlines Operations Ltd engages in the operation of a Canadian carrier airline. The company provides air service as a leisure airline, tour operator, and charter operator with flights into destinations in the USA, Mexico, and the Caribbean; and vacation packages. It also uses its fleet to provide corporate customers and brokers charter services, as well as aircraft, crew, maintenance, and … Read more
Canada Jetlines Operations Ltd (CAJTF) - Net Assets
Latest net assets as of March 2024: $-4.55 Million USD
Based on the latest financial reports, Canada Jetlines Operations Ltd (CAJTF) has net assets worth $-4.55 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($50.34 Million) and total liabilities ($54.89 Million). 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 | $-4.55 Million |
| % of Total Assets | -9.03% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Canada Jetlines Operations Ltd - Net Assets Trend (2019–2023)
This chart illustrates how Canada Jetlines Operations Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canada Jetlines Operations Ltd (2019–2023)
The table below shows the annual net assets of Canada Jetlines Operations Ltd from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-5.71 Million | -244.09% |
| 2022-12-31 | $-1.66 Million | -139.79% |
| 2021-12-31 | $4.17 Million | +1206.23% |
| 2020-12-31 | $-376.80K | +27.47% |
| 2019-12-31 | $-519.55K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canada Jetlines Operations Ltd'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 decreased by 1760166300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $24.06 Million | % |
| Other Comprehensive Income | $2.15 Million | % |
| Other Components | $26.25K | % |
| Total Equity | $-5.71 Million | 100.00% |
Canada Jetlines Operations Ltd Competitors by Market Cap
The table below lists competitors of Canada Jetlines Operations Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MEAL3F
SA:MEAL3F
|
$1.55K |
|
Banpu PCL
MU:NVAC
|
$1.56K |
|
China United Insurance Service Inc
PINK:CUII
|
$1.56K |
|
NatBridge Resources Ltd.
PINK:GEGCF
|
$1.56K |
|
Pegasus Hotels of Ceylon PLC
CM:PEGN0000
|
$1.54K |
|
NAIROBI SECURITIES EXCHANGE PLC
XNAI:NSE
|
$1.54K |
|
Jat Holdings PLC
CM:JATN0000
|
$1.54K |
|
VCREDIT Holdings Limited
F:5R6
|
$1.53K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canada Jetlines Operations Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1,658,598 to -5,707,066, a change of -4,048,468.
- Net loss of 11,495,000 reduced equity.
- New share issuances of 1,874,857 increased equity.
- Other comprehensive income decreased equity by 1,040,356.
- Other factors increased equity by 6,612,031.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.49 Million | -201.42% |
| Share Issuances | $1.87 Million | +32.85% |
| Other Comprehensive Income | $-1.04 Million | -18.23% |
| Other Changes | $6.61 Million | +115.86% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Canada Jetlines Operations Ltd'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.02 | $0.16 | x |
| 2020-12-31 | $-0.01 | $0.16 | x |
| 2021-12-31 | $0.08 | $0.16 | x |
| 2022-12-31 | $-0.03 | $0.16 | x |
| 2023-12-31 | $-0.07 | $0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canada Jetlines Operations Ltd 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.92%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-14.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.50 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $195.51K |
| 2021 | -74.39% | 0.00% | 0.00x | 1.26x | $-3.52 Million |
| 2022 | 0.00% | -403.91% | 0.12x | 0.00x | $-13.27 Million |
| 2023 | 0.00% | -30.92% | 0.74x | 0.00x | $-10.92 Million |
Industry Comparison
This section compares Canada Jetlines Operations Ltd's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canada Jetlines Operations Ltd (CAJTF) | $-4.55 Million | 0.00% | N/A | $1.54K |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.25 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.48 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |