Air Canada (AC) — Tangible Net Worth Ratio
Air Canada (AC) has a Tangible Net Worth Ratio of 53.8% as of March 2026. This metric is calculated by deducting intangible assets (CA$1.26 Billion) from net assets (CA$2.72 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital position of Air Canada to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Air Canada Tangible Net Worth Ratio (2005–2025)
This chart shows how Air Canada's Tangible Net Worth Ratio has changed across 15 annual periods from 2005 to 2025. As of March 2026, the ratio stands at 53.8%, reflecting net assets of CA$2.72 Billion with intangible assets of CA$1.26 Billion CAD. See Air Canada (AC) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Air Canada (2005–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Air Canada from 2005 to 2025, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Air Canada market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 51.2% | CA$2.59 Billion | CA$1.26 Billion | CA$31.21 Billion | ▲ +0.2 pp |
| 2024 | 51.0% | CA$2.39 Billion | CA$1.17 Billion | CA$31.21 Billion | ▲ +87.2 pp |
| 2023 | -36.2% | CA$796.00 Million | CA$1.08 Billion | CA$30.17 Billion | ▲ +11863.8 pp |
| 2021 | -11900.0% | CA$9.00 Million | CA$1.08 Billion | CA$30.61 Billion | ▼ -11933.9 pp |
| 2020 | 33.9% | CA$1.72 Billion | CA$1.13 Billion | CA$28.91 Billion | ▼ -43.3 pp |
| 2019 | 77.2% | CA$4.40 Billion | CA$1.00 Billion | CA$27.76 Billion | ▼ -12.8 pp |
| 2018 | 90.0% | CA$4.03 Billion | CA$404.00 Million | CA$19.20 Billion | ▼ -0.7 pp |
| 2017 | 90.7% | CA$3.42 Billion | CA$318.00 Million | CA$17.78 Billion | ▲ +16.5 pp |
| 2016 | 74.2% | CA$1.22 Billion | CA$315.00 Million | CA$15.11 Billion | ▲ +759.2 pp |
| 2015 | -685.0% | CA$40.00 Million | CA$314.00 Million | CA$13.13 Billion | ▼ -742.4 pp |
| 2009 | 57.4% | CA$1.65 Billion | CA$701.00 Million | CA$10.41 Billion | ▲ +31.2 pp |
| 2008 | 26.3% | CA$952.00 Million | CA$702.00 Million | CA$11.36 Billion | ▼ -45.2 pp |
| 2007 | 71.5% | CA$2.63 Billion | CA$750.00 Million | CA$11.99 Billion | ▼ -28.5 pp |
| 2006 | 100.0% | CA$2.23 Billion | CA$0.00 | CA$11.75 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | CA$1.35 Billion | CA$0.00 | CA$10.26 Billion | — |