Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.

TSX:AC - Post by User

Air Canada > Over $6,000,000,000 in Net Debt

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Comment by WestCoast78on Jul 08, 2021 8:04pm

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Post# 33519291

RE:RE:Over $6,000,000,000 in Net Debt

$1.12B intangible assets.
$3.27B goodwill
12.1B property and equipment (those sound depreciating)

my question is, if 20.5B in assests is correct. Why is the market giving 40 cents on the dollar for them?

M cap and all.....Im curious

lb1temporary wrote: ''That means they have $6,000,000,000 more debt than assets..''

NO, that means that they have 6B$ more debt than cash in hand.

Assets were at 27 B$ at march 31, 2021. Less the cash in hand of 6/6,5B$, that left more than 20B$ of assets in front of your 6B$ net debt.

Finance 101 free