Copa Holdings SA (CPA) — Cash Flow-to-Debt Ratio
Copa Holdings SA (CPA) has a Cash Flow-to-Debt Ratio of 0.09x as of March 2026, meaning its operating cash flow of $359.71 Million could theoretically repay 0% of its total liabilities ($4.02 Billion) in one year. See Copa Holdings SA free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Copa Holdings SA Cash Flow-to-Debt Ratio (2001–2025)
Historical debt coverage capacity for Copa Holdings SA across 25 annual periods. For the full cash flow conversion analysis, see Copa Holdings SA (CPA) cash flow conversion.
Annual Cash Flow-to-Debt Ratio for Copa Holdings SA (2001–2025)
Year-by-year debt coverage analysis for Copa Holdings SA. Check Copa Holdings SA cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.30x | $1.12 Billion | $3.81 Billion | ▼ -0.2% |
| 2024 | 0.30x | $996.85 Million | $3.37 Billion | ▼ -12.9% |
| 2023 | 0.34x | $1.04 Billion | $3.07 Billion | ▲ +43.3% |
| 2022 | 0.24x | $758.54 Million | $3.20 Billion | ▲ +37.9% |
| 2021 | 0.17x | $507.29 Million | $2.95 Billion | ▲ +1218.8% |
| 2020 | -0.02x | $-39.52 Million | $2.57 Billion | ▼ -104.7% |
| 2019 | 0.32x | $782.98 Million | $2.41 Billion | ▲ +113.5% |
| 2018 | 0.15x | $341.53 Million | $2.25 Billion | ▼ -55.2% |
| 2017 | 0.34x | $727.33 Million | $2.14 Billion | ▲ +15.7% |
| 2016 | 0.29x | $586.59 Million | $2.00 Billion | ▲ +92.5% |
| 2015 | 0.15x | $329.93 Million | $2.16 Billion | ▼ -20.6% |
| 2014 | 0.19x | $383.56 Million | $2.00 Billion | ▼ -52.6% |
| 2013 | 0.40x | $830.26 Million | $2.05 Billion | ▲ +46.5% |
| 2012 | 0.28x | $538.03 Million | $1.95 Billion | ▼ -7.1% |
| 2011 | 0.30x | $498.29 Million | $1.68 Billion | ▲ +46.0% |
| 2010 | 0.20x | $292.80 Million | $1.44 Billion | ▼ -11.5% |
| 2009 | 0.23x | $282.44 Million | $1.23 Billion | ▲ +53.6% |
| 2008 | 0.15x | $198.10 Million | $1.32 Billion | ▼ -20.6% |
| 2007 | 0.19x | $221.94 Million | $1.18 Billion | ▼ -13.8% |
| 2006 | 0.22x | $193.47 Million | $883.35 Million | ▲ +23.4% |
| 2005 | 0.18x | $119.09 Million | $671.04 Million | ▼ -5.0% |
| 2004 | 0.19x | $98.63 Million | $527.89 Million | ▲ +21.1% |
| 2003 | 0.15x | $73.48 Million | $476.33 Million | ▼ -1.4% |
| 2002 | 0.16x | $55.54 Million | $354.84 Million | ▲ +20.3% |
| 2001 | 0.13x | $33.00 Million | $253.69 Million | — |