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) - Total Assets
Latest total assets as of March 2024: $50.34 Million USD
Based on the latest financial reports, Canada Jetlines Operations Ltd (CAJTF) holds total assets worth $50.34 Million USD as of March 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Canada Jetlines Operations Ltd - Total Assets Trend (2019–2023)
This chart illustrates how Canada Jetlines Operations Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Canada Jetlines Operations Ltd - Asset Composition Analysis
Current Asset Composition (December 2023)
Canada Jetlines Operations Ltd's total assets of $50.34 Million consist of 13.3% current assets and 86.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 10.7% |
| Accounts Receivable | $1.06 Million | 2.1% |
| Inventory | $55.18K | 0.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2023)
This chart illustrates how Canada Jetlines Operations Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Canada Jetlines Operations Ltd's current assets represent 13.3% of total assets in 2023, a decrease from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 10.7% of total assets in 2023, down from 47.8% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 2.1% of total assets.
Canada Jetlines Operations Ltd Competitors by Total Assets
Key competitors of Canada Jetlines Operations Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Korean Air Lines Co
KO:003490
|
Korea | ₩48.75 Trillion |
|
Asiana Airline
KO:020560
|
Korea | ₩12.09 Trillion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.24 Trillion |
|
T'way Air Co Ltd
KO:091810
|
Korea | ₩1.78 Trillion |
|
Enter Air Sp. z o.o
F:10N
|
Germany | €3.35 Billion |
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$350.66 Billion |
|
STARLUX Airlines Co. Ltd.
TWO:2646
|
Taiwan | NT$91.35 Billion |
|
Jin Air Co Ltd
KO:272450
|
Korea | ₩1.20 Trillion |
Canada Jetlines Operations Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Canada Jetlines Operations Ltd generates 0.74x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Canada Jetlines Operations Ltd is currently not profitable relative to its asset base.
Canada Jetlines Operations Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.26 | 0.42 | 0.04 |
| Quick Ratio | 0.26 | 0.41 | 0.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-14.95 Million | $ -7.15 Million | $ -336.80K |
Canada Jetlines Operations Ltd - Advanced Valuation Insights
This section examines the relationship between Canada Jetlines Operations Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 11.48 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 84.0% |
| Total Assets | $50.22 Million |
| Market Capitalization | $1.54K USD |
Valuation Analysis
Below Book Valuation: The market values Canada Jetlines Operations Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Canada Jetlines Operations Ltd's assets grew by 84.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Canada Jetlines Operations Ltd (2019–2023)
The table below shows the annual total assets of Canada Jetlines Operations Ltd from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $50.22 Million | +84.02% |
| 2022-12-31 | $27.29 Million | +421.10% |
| 2021-12-31 | $5.24 Million | +35843.13% |
| 2020-12-31 | $14.57K | -93.36% |
| 2019-12-31 | $219.45K | -- |