Copa Holdings S.A (C2H) — Financial Flexibility Index
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 strategic asset allocation of Copa Holdings S.A to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Copa Holdings S.A Financial Flexibility Index (2013–2025)
Historical Financial Flexibility Index trend for Copa Holdings S.A across 13 annual periods. See C2H net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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. For the full company profile including market capitalisation, see market cap of Copa Holdings S.A.
| 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 | — |