Air Canada
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Air Canada's yearly results (2022–2025), compared with Industrials companies in Canada. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Goodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative. Less tangible than 94% of Industrials companies in Canada.
- Cash Cushion Ratio: Debt, after subtracting cash, is 1.1 times its market value (net debt). Lower than 88% of Industrials companies in Canada.
Where C$100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
C$257Over the last 3 years, every C$100 of reported profit came with C$257 of operating cash.
Higher than 63% of Industrials companies in Canada.
Self-Funding Ratio
1.7×Over the last 3 years its own operating cash covered its investment spending (capex) 1.7 times.
Lower than 59% of Industrials companies in Canada.
Cash Locked Ratio
—Data incomplete
Growth quality
Steadiness Ratio
3/3 · 1/3Sales grew in 3 of the last 3 years; profit grew in 1 of 3.
Steadier than 53% of Industrials companies in Canada.
Growth Efficiency Ratio
C$40Sales grew 35% in 3 years; of every extra C$100 of sales, C$40 became extra profit.
Higher than 82% of Industrials companies in Canada.
Asset Productivity Ratio
+35% / +6%In 3 years sales changed by +35% while total assets changed by +6%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
1.5×Debt due within a year is covered 1.5 times by its yearly operating cash.
Lower than 71% of Industrials companies in Canada.
Cash Cushion Ratio
1.1× debtDebt, after subtracting cash, is 1.1 times its market value (net debt).
Lower than 88% of Industrials companies in Canada.
Tangible Assets Ratio
85%Of every C$100 the company owns, C$85 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 51% of Industrials companies in Canada.
Tangible Net Worth Ratio
NegativeGoodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative.
Less tangible than 94% of Industrials companies in Canada.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Air Canada owes C$0.92 for every C$1 it owns. Net profit fell 63% in the year to Dec 2025.
Compared with Industrials companies in Canada · latest annual results Dec 2025.
P/E ratio
15.9Investors pay C$15.9 for every C$1 of Air Canada's yearly profit, lower than 70% of Industrials companies in Canada.
P/B ratio
2.09The share price is 2.09 times Air Canada's book value per share, lower than 67% of Industrials companies in Canada.
Market cap
C$5.6 BThe total market value of all of Air Canada's shares at today's price (share price × number of shares), larger than 86% of Industrials companies in Canada. PosiCap size class: Meso Cap.
Net worth (book value)
C$2.7 BWhat Air Canada would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
C$10.59Net worth divided by the number of shares. The share price of C$22.14 is 2.1 times this, which is the P/B above.
Return on equity (ROE)
19.3%Air Canada earned 19.3% on its shareholders' money over the last year, higher than 90% of Industrials companies in Canada.
Owes vs Owns
0.92×Air Canada owes C$0.92 for every C$1 it owns (high), higher than 95% of Industrials companies in Canada.
Dividend yield
NoneAir Canada does not currently pay a dividend.
Revenue growth
+1%Revenue rose 1% in the year to Dec 2025, and grew 11% a year on average over 3 years.
Profit growth
-63%Net profit fell 63% in the year to Dec 2025.
Profit margin
2.9%Air Canada keeps C$3 of every C$100 of revenue as net profit.
Cash quality
5.7×Cash from Air Canada's business was 5.7× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
1.5×Air Canada's operating profit covered its interest costs 1.5 times in the year to Dec 2025.
Cash vs debt
Net debtAir Canada had C$6.1 B more debt than cash (net debt) at Dec 2025.
Questions
What is Air Canada's P/E ratio?
Investors pay C$15.9 for every C$1 of Air Canada's yearly profit, lower than 70% of Industrials companies in Canada.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Air Canada: C$5.6 B ÷ C$2.7 B (30 Jun 2026) = 2.1.
What is Air Canada's return on equity?
Air Canada earned 19.3% on its shareholders' money over the last year, higher than 90% of Industrials companies in Canada.
How much does Air Canada owe compared with what it owns?
Air Canada owes C$0.92 for every C$1 it owns (high), higher than 95% of Industrials companies in Canada.
Does Air Canada pay a dividend?
No. Air Canada does not currently pay a dividend.
Is Air Canada's revenue growing?
Revenue rose 1% in the year to Dec 2025, and grew 11% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.