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Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s):  ACDVF

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... see more

TSX:AC - Post Discussion

Air Canada > Over $6,000,000,000 in Net Debt
View:
Post by TheGrapeOne on Jul 08, 2021 9:52am

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

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
Comment by Tommy123 on Jul 08, 2021 10:00am
This post has been removed in accordance with Community Policy
Comment by Fishermen on Jul 08, 2021 12:15pm
Endemic is coming. UK already decided no more lockdown. They are ready for whatever variants are coming.
Comment by biggerr on Jul 08, 2021 12:47pm
The variants will be there forever but you can't go back to the Stone Age because of them, heh
Comment by Pachuko on Jul 08, 2021 12:44pm
Comment by lb1temporary on Jul 08, 2021 10:32am
''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
Comment by OnTheBalance on Jul 08, 2021 12:56pm
This post has been removed in accordance with Community Policy
Comment by WestCoast78 on Jul 08, 2021 8:04pm
$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
Comment by WestCoast78 on Jul 08, 2021 8:21pm
Air Canada financial statements here:  https://www.aircanada.com/content/dam/aircanada/portal/documents/PDF/en/quarterly-result/2021/2021_FSN_q1.pdf
Comment by Invinceableone on Jul 08, 2021 8:59pm
This post has been removed in accordance with Community Policy
Comment by Invinceableone on Jul 08, 2021 9:02pm
This post has been removed in accordance with Community Policy