Copa Holdings SA (CPA) — Financial Flexibility Index
Copa Holdings SA (CPA) has a Financial Flexibility Index of 0.10x as of December 2025. Free cash flow of $392.11 Million (operating CF $372.30 Million minus capex $19.81 Million) represents 0% of total liabilities ($3.81 Billion). Check Copa Holdings SA PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Copa Holdings SA Financial Flexibility Index (2001–2025)
Historical Financial Flexibility Index trend for Copa Holdings SA across 25 annual periods. See CPA current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Copa Holdings SA (2001–2025)
Year-by-year free cash flow to debt coverage for Copa Holdings SA. For the full company profile including market capitalisation, see Copa Holdings SA stock valuation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.51x | $1.94 Billion | $1.12 Billion | $3.81 Billion | ▲ +3.8% |
| 2024 | 0.49x | $1.65 Billion | $996.85 Million | $3.37 Billion | ▼ -19.5% |
| 2023 | 0.61x | $1.87 Billion | $1.04 Billion | $3.07 Billion | ▲ +40.2% |
| 2022 | 0.43x | $1.39 Billion | $758.54 Million | $3.20 Billion | ▲ +29.4% |
| 2021 | 0.34x | $991.02 Million | $507.29 Million | $2.95 Billion | ▲ +4018.6% |
| 2020 | 0.01x | $20.97 Million | $-39.52 Million | $2.57 Billion | ▼ -97.9% |
| 2019 | 0.39x | $946.27 Million | $782.98 Million | $2.41 Billion | ▲ +24.6% |
| 2018 | 0.31x | $707.44 Million | $341.53 Million | $2.25 Billion | ▼ -35.6% |
| 2017 | 0.49x | $1.05 Billion | $727.33 Million | $2.14 Billion | ▲ +32.6% |
| 2016 | 0.37x | $736.89 Million | $586.59 Million | $2.00 Billion | ▲ +55.2% |
| 2015 | 0.24x | $514.20 Million | $329.93 Million | $2.16 Billion | ▼ -46.6% |
| 2014 | 0.44x | $887.92 Million | $383.56 Million | $2.00 Billion | ▼ -18.2% |
| 2013 | 0.54x | $1.12 Billion | $830.26 Million | $2.05 Billion | ▲ +16.3% |
| 2012 | 0.47x | $910.47 Million | $538.03 Million | $1.95 Billion | ▼ -2.6% |
| 2011 | 0.48x | $804.62 Million | $498.29 Million | $1.68 Billion | ▲ +7.6% |
| 2010 | 0.45x | $641.53 Million | $292.80 Million | $1.44 Billion | ▲ +12.9% |
| 2009 | 0.40x | $485.11 Million | $282.44 Million | $1.23 Billion | ▲ +26.2% |
| 2008 | 0.31x | $414.02 Million | $198.10 Million | $1.32 Billion | ▼ -30.0% |
| 2007 | 0.45x | $525.95 Million | $221.94 Million | $1.18 Billion | ▲ +2.2% |
| 2006 | 0.44x | $386.80 Million | $193.47 Million | $883.35 Million | ▲ +61.1% |
| 2005 | 0.27x | $182.38 Million | $119.09 Million | $671.04 Million | ▼ -12.7% |
| 2004 | 0.31x | $164.40 Million | $98.63 Million | $527.89 Million | ▼ -34.6% |
| 2003 | 0.48x | $226.89 Million | $73.48 Million | $476.33 Million | ▼ -17.0% |
| 2002 | 0.57x | $203.76 Million | $55.54 Million | $354.84 Million | ▲ +341.5% |
| 2001 | 0.13x | $33.00 Million | $33.00 Million | $253.69 Million | — |