Canada Jetlines Operations Ltd
NEO:CJET
Bankruptcy Probability
Canada Jetlines Operations Ltd's probability of bankruptcy is 4.5%, pointing to a small but noticeable default risk. The solvency score is 36/100 — a warning sign of potential financial weakness.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Canada Jetlines Operations Ltd Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| CA |
C
|
Canada Jetlines Operations Ltd
NEO:CJET
|
3.2m CAD |
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| US |
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Delta Air Lines Inc
NYSE:DAL
|
46.3B USD |
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| US |
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United Airlines Holdings Inc
NASDAQ:UAL
|
37.6B USD |
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| UK |
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International Consolidated Airlines Group SA
LSE:IAG
|
21.2B GBP |
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| US |
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Southwest Airlines Co
NYSE:LUV
|
26.2B USD |
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| CN |
|
Air China Ltd
SSE:601111
|
150.9B CNY |
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| IE |
R
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Ryanair Holdings PLC
LSE:RYA
|
15.4B EUR |
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| IN |
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Interglobe Aviation Ltd
NSE:INDIGO
|
1.9T INR |
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| CN |
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China Southern Airlines Co Ltd
SSE:600029
|
139.5B CNY |
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| CN |
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China Eastern Airlines Corp Ltd
SSE:600115
|
127.2B CNY |
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| SG |
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Singapore Airlines Ltd
SGX:C6L
|
22.2B SGD |
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Canada Jetlines Operations Ltd's probability of bankruptcy is 4.5%, pointing to a small but noticeable default risk.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Canada Jetlines Operations Ltd has total debt of 34m CAD. This includes both short-term (0 CAD) and long-term (34m CAD) debt.
You can find a full breakdown on its Balance Sheet.
