Air Canada T.AC

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

[TheGrapeOne]

That means they have $6,000,000,000 more debt than assets......

and loosing $14 million a day

https://www.aircanada.com/content/dam/aircanada/portal/documents/PDF/en/quarterly-result/2021/2021_MDA_q1.pdf

[Tommy123]

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[Fishermen]

Endemic is coming. UK already decided no more lockdown. They are ready for whatever variants are coming.

[biggerr]

The variants will be there forever but you can't go back to the Stone Age because of them, heh

[Pachuko]

[lb1temporary]

''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

[OnTheBalance]

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[WestCoast78]

$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

[WestCoast78]

Air Canada financial statements here:  https://www.aircanada.com/content/dam/aircanada/portal/documents/PDF/en/quarterly-result/2021/2021_FSN_q1.pdf

[Invinceableone]

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[Invinceableone]

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