Air Canada Debt to Equity Ratio 2018-2025 | ACDVF

Current and historical debt to equity ratio values for Air Canada (ACDVF) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Air Canada debt/equity for the three months ending September 30, 2025 was 3.99.
Air Canada Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-09-30 $20.94B $1.58B 13.22
2025-06-30 $21.23B $1.29B 16.43
2025-03-31 $20.87B $1.39B 15.04
2024-12-31 $21.03B $1.74B 12.07
2024-09-30 $20.82B $2.27B 9.19
2024-06-30 $21.32B $0.85B 25.05
2024-03-31 $21.50B $0.52B 41.15
2023-12-31 $21.78B $0.59B 36.94
2023-09-30 $21.72B $0.41B 53.00
2023-06-30 $23.33B $-0.43B -53.98
2023-03-31 $23.65B $-1.12B -21.13
2022-12-31 $23.89B $-1.20B -19.98
2022-09-30 $24.28B $-1.48B -16.41
2022-06-30 $24.92B $-1.14B -21.83
2022-03-31 $24.39B $-0.92B -26.65
2021-12-31 $24.42B $0.01B 3400.56
2021-09-30 $23.96B $0.12B 207.97
2021-06-30 $21.11B $0.47B 44.93
2021-03-31 $20.98B $0.71B 29.38
2020-12-31 $20.30B $1.28B 15.86
2020-09-30 $20.15B $1.29B 15.65
2020-06-30 $19.74B $1.47B 13.39
2020-03-31 $17.95B $3.18B 5.65
2019-12-31 $17.60B $3.32B 5.31
2019-09-30 $17.77B $3.06B 5.80
2019-06-30 $18.17B $2.52B 7.22
2019-03-31 $18.01B $2.47B 7.28
2018-12-31 $11.70B $3.11B 3.76
2018-09-30 $11.66B $3.48B 3.35
2018-06-30 $12.58B $3.03B 4.15
2018-03-31 $12.39B $2.62B 4.74
2017-12-31 $11.05B $2.61B 4.24
2017-09-30 $11.45B $2.45B 4.68
2017-06-30 $11.50B $0.89B 12.92
2017-03-31 $11.29B $0.70B 16.15
Sector Industry Market Cap Revenue
Transportation Transportation - Airlines $4.417B $16.243B
Air Canada provides airline and scheduled passenger services primarily in the Canadian market, the Canada-U.S. transborder market and in the international market to and from Canada. It operates primarily in Canada, the United States, Europe, Asia, the Middle East and the Caribbean. Air Canada is based in Montreal, Canada.
Stock Name Country Market Cap PE Ratio
Delta Air Lines (DAL) United States $48.620B 12.79
United Airlines Holdings Inc (UAL) United States $37.670B 10.92
Ryanair Holdings (RYAAY) Ireland $35.217B 12.98
International Consolidated Airlines Group SA (ICAGY) Spain $27.185B 3.51
Southwest Airlines (LUV) United States $26.566B 54.62
LATAM Airlines Group S.A (LTM) Chile $18.484B 12.28
Air China (AIRYY) China $16.576B 950.00
Deutsche Lufthansa AG (DLAKY) Germany $12.832B 6.69
Cathay Pacific Airways (CPCAY) Hong Kong, SAR China $11.429B 0.00
ANA Holdings (ALNPY) Japan $9.988B 10.12
American Airlines Group (AAL) United States $9.967B 43.14
Japan Airlines (JAPSY) Japan $8.731B 10.20
Alaska Air (ALK) United States $6.860B 23.75
Copa Holdings, S.A (CPA) Panama $6.305B 9.52
Easyjet (EJTTF) United Kingdom $5.230B 0.00
Flughafen Wien AG (VIAAY) Austria $4.274B 16.99
SkyWest (SKYW) United States $4.243B 10.22
Air France-KLM SA (AFLYY) France $3.626B 3.45
JetBlue Airways (JBLU) United States $2.186B 0.00
Allegiant Travel (ALGT) United States $2.094B 30.01
Frontiers (ULCC) United States $1.365B 0.00
Bristow Group (VTOL) United States $1.294B 9.36
Sun Country Airlines Holdings (SNCY) United States $1.143B 21.91
Republic Airways Holdings (RJET) United States $0.544B 0.00
Surf Air Mobility (SRFM) United States $0.126B 0.00
Harbor Diversified (HRBR) United States $0.082B 0.00
XCF Global Capital (SAFX) United States $0.037B 0.00
China Eastern Airlines (CEA) China $0.000B 0.00
Corporacion America Airports S.A (CAAP) Luxembourg $0.000B 26.71
Controladora Vuela Compania De Aviacion, S.A.B De C.V (VLRS) Mexico $0.000B 0.00
China Southern Airlines (ZNH) China $0.000B 0.00