Copa Holdings S.A (C2H) — Financial Flexibility Index

Latest as of December 2025: 0.18x

Copa Holdings S.A (C2H) has a Financial Flexibility Index of 0.18x as of December 2025. Free cash flow of €678.29 Million (operating CF €398.96 Million minus capex €279.33 Million) represents 0% of total liabilities (€3.81 Billion). Check cash flow reinvestment rate of Copa Holdings S.A to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.18x
Free Cash Flow / Total Liabilities

Free Cash Flow

€678.29 Million
Operating CF − Capex

Total Liabilities

€3.81 Billion
EUR

Capital Expenditures

€279.33 Million
EUR

Copa Holdings S.A Financial Flexibility Index (2013–2025)

Historical Financial Flexibility Index trend for Copa Holdings S.A across 13 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Copa Holdings S.A.

Annual Financial Flexibility Index for Copa Holdings S.A (2013–2025)

Year-by-year free cash flow to debt coverage for Copa Holdings S.A. Explore how well can Copa Holdings S.A service its debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (EUR) Operating CF Total Liabilities YoY Change
2025 0.59x €2.25 Billion €1.15 Billion €3.81 Billion ▲ +20.4%
2024 0.49x €1.65 Billion €996.85 Million €3.37 Billion ▼ -16.6%
2023 0.59x €1.81 Billion €979.66 Million €3.07 Billion ▲ +35.3%
2022 0.44x €1.39 Billion €740.95 Million €3.20 Billion ▲ +29.7%
2021 0.34x €991.02 Million €507.29 Million €2.95 Billion ▲ +1642.1%
2020 0.02x €49.34 Million €5.28 Million €2.56 Billion ▼ -94.9%
2019 0.38x €922.71 Million €784.88 Million €2.42 Billion ▼ -2.6%
2018 0.39x €878.74 Million €543.01 Million €2.25 Billion ▼ -26.3%
2017 0.53x €1.14 Billion €835.51 Million €2.14 Billion ▲ +52.5%
2016 0.35x €697.41 Million €594.59 Million €2.00 Billion ▲ +53.8%
2015 0.23x €481.71 Million €316.86 Million €2.13 Billion ▼ -34.7%
2014 0.35x €695.28 Million €384.89 Million €2.00 Billion ▼ -36.2%
2013 0.54x €1.12 Billion €830.26 Million €2.05 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities