Copa Holdings S.A Financial Flexibility Index

Latest as of December 2025: 0.18x

Copa Holdings S.A 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). Explore C2H capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.

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

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

Financial flexibility index of Copa Holdings S.A from 2013 to 2025. Historical Financial Flexibility Index trend for Copa Holdings S.A across 13 annual periods. Check cash flow reinvestment rate of Copa Holdings S.A to assess the company's total reinvestment commitment from operating cash flow.

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

Copa Holdings S.A financial flexibility index by year from 2013 to 2025. Year-by-year free cash flow to debt coverage for Copa Holdings S.A. For the full cash flow conversion analysis, see C2H cash generation efficiency.

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