Air Canada
TSX:AC
Bankruptcy Probability
Air Canada's probability of bankruptcy is 16.7%, signalling a meaningful chance of default. The solvency score is 21/100 — a sign of moderate financial strength.
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
Air Canada 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 |
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Air Canada
TSX:AC
|
6.2B CAD |
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| US |
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Delta Air Lines Inc
NYSE:DAL
|
45.6B USD |
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| US |
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United Airlines Holdings Inc
NASDAQ:UAL
|
34.2B USD |
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| US |
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Southwest Airlines Co
NYSE:LUV
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27.2B USD |
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| UK |
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International Consolidated Airlines Group SA
LSE:IAG
|
19.6B GBP |
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| CH |
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Kinarus Therapeutics Holding AG
SIX:KNRS
|
19.5B CHF |
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| CN |
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Air China Ltd
SSE:601111
|
158.4B CNY |
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| CN |
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China Southern Airlines Co Ltd
SSE:600029
|
149.5B 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 Eastern Airlines Corp Ltd
SSE:600115
|
140.7B CNY |
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Air Canada's probability of bankruptcy is 16.7%, signalling a meaningful chance of default.
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, Air Canada has total debt of 8.7B CAD. This includes both short-term (0 CAD) and long-term (8.7B CAD) debt.
You can find a full breakdown on its Balance Sheet.
