Copa Holdings, S.A. (CPA) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.82B | 1.78B | 1.47B | 1.42B | 1.32B | 1.58B | 1.43B | 1.32B | 1.2B | 1.27B | 1.34B | 1.45B | 1.36B | 1.24B | 1.28B | 1.25B | 1.29B | 1.24B | 1.43B | 1.44B |
| Cash & Short-Term Investments | 1.33B | 1.34B | 991.51M | 1B | 916.35M | 1.2B | 1.03B | 948.87M | 801.16M | 915.18M | 991.68M | 1.12B | 1.02B | 934.75M | 951.56M | 935.26M | 1.02B | 1.02B | 1.19B | 1.18B |
| Cash Only | 374.22M | 382.55M | 248.82M | 236.17M | 164.82M | 613.31M | 275.25M | 200.63M | 170.53M | 206.38M | 236.88M | 281.86M | 242.31M | 122.42M | 198.74M | 134.13M | 249.01M | 211.08M | 290.23M | 256.76M |
| Short-Term Investments | 959.46M | 955.6M | 742.69M | 764.14M | 751.52M | 585.92M | 758.56M | 748.24M | 630.64M | 708.81M | 754.8M | 833.58M | 773.49M | 812.32M | 752.81M | 801.13M | 771.07M | 806.34M | 901.64M | 925.68M |
| Accounts Receivable | 207.74M | 197.64M | 228.7M | 186.37M | 178.05M | 187.68M | 204.11M | 189.54M | 194.92M | 177.28M | 171.8M | 164.72M | 166.94M | 148.14M | 157.73M | 157.09M | 127.59M | 97.24M | 111.6M | 105.34M |
| Days Sales Outstanding | 17.33 | 20.37 | 20.91 | 19.68 | 18.3 | 20.51 | 21.19 | 21.35 | 18.95 | 17.59 | 17.84 | 18.65 | 16.35 | 15.8 | 17.89 | 18.68 | 17.7 | 16.71 | 22.42 | 26.14 |
| Inventory | 152.25M | 148.13M | 145.91M | 141.19M | 145.04M | 132.34M | 123.57M | 116.58M | 116.92M | 116.6M | 108.55M | 104.33M | 101.68M | 93.33M | 91.99M | 88.98M | 80.69M | 74.78M | 71.42M | 70.87M |
| Days Inventory Outstanding | 20.03 | 21.2 | 22.91 | 23.64 | 22.05 | 21.29 | 19.53 | 19.62 | 19.02 | 17.9 | 17.81 | 18.68 | 15.9 | 15.58 | 15.16 | 14.24 | 16.31 | 20.71 | 21.09 | 27.61 |
| Other Current Assets | 29.29M | 32.77M | 30.96M | 26.03M | 26.46M | 3.02M | 23.71M | 21.38M | 32.63M | 14.19M | 25.67M | 21.86M | 23.66M | 6.49M | 9.53M | 8.13M | 6.5M | 44.01M | 30.09M | 56.24M |
| Total Non-Current Assets | 5.08B | 4.8B | 4.8B | 4.58B | 4.43B | 4.17B | 4.08B | 4.07B | 3.99B | 3.93B | 3.68B | 3.65B | 3.51B | 3.45B | 3.35B | 3.17B | 3.11B | 3.01B | 2.75B | 2.68B |
| Property, Plant & Equipment | 4.74B | 4.42B | 4.33B | 4.06B | 3.86B | 3.77B | 3.7B | 3.67B | 3.55B | 3.52B | 3.36B | 3.28B | 3.21B | 3.12B | 3.04B | 2.89B | 2.77B | 2.68B | 2.49B | 2.43B |
| Fixed Asset Turnover | 0.23x | 0.22x | 0.22x | 0.21x | 0.24x | 0.24x | 0.23x | 0.23x | 0.25x | 0.27x | 0.26x | 0.25x | 0.27x | 0.29x | 0.27x | 0.24x | 0.21x | 0.22x | 0.18x | 0.13x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 20.38M | 0 | 0 | 0 | 20.38M | 0 | 0 | 0 | 20.38M | 0 | 0 | 0 | 20.38M | 0 | 0 |
| Intangible Assets | 104.48M | 104.07M | 101.54M | 98.89M | 97.48M | 76.37M | 94.1M | 92.72M | 88.31M | 67.61M | 85.71M | 82.92M | 80.77M | 58.17M | 77.06M | 77.3M | 78.38M | 61.37M | 84.53M | 88.03M |
| Long-Term Investments | 190.16M | 248.58M | 337.6M | 368.33M | 425.82M | 248.94M | 219.73M | 258.38M | 301.19M | 258.93M | 177.84M | 222.28M | 166.48M | 202.06M | 168.11M | 140.37M | 204.81M | 199.67M | 96.95M | 99.23M |
| Other Non-Current Assets | 21.21M | 15.61M | 11.36M | 28.46M | 29.82M | 31.41M | 39.34M | 30.79M | 31.57M | 32.03M | 29.21M | 27.36M | 23.82M | 25.28M | 28.31M | 24.83M | 21.69M | 20.82M | 37.49M | 22.73M |
| Total Assets | 6.89B | 6.58B | 6.28B | 6B | 5.75B | 5.74B | 5.51B | 5.39B | 5.19B | 5.2B | 5.02B | 5.1B | 4.87B | 4.69B | 4.62B | 4.41B | 4.4B | 4.25B | 4.18B | 4.12B |
| Asset Turnover | 0.16x | 0.15x | 0.15x | 0.14x | 0.16x | 0.16x | 0.16x | 0.15x | 0.17x | 0.18x | 0.17x | 0.16x | 0.18x | 0.19x | 0.18x | 0.16x | 0.13x | 0.14x | 0.11x | 0.07x |
| Asset Growth % | 19.95% | 14.64% | 13.98% | 11.31% | 10.76% | 10.5% | 9.65% | 5.74% | 6.62% | 10.8% | 8.67% | 15.54% | 10.72% | 10.41% | 10.69% | 7.05% | 8.06% | 10.25% | 7.4% | 0.88% |
| Total Current Liabilities | 1.57B | 1.44B | 1.4B | 1.37B | 1.34B | 1.36B | 1.32B | 1.35B | 1.32B | 1.28B | 1.4B | 1.98B | 1.23B | 1.19B | 1.37B | 1.28B | 1.17B | 1.05B | 1.04B | 1.02B |
| Accounts Payable | 211.66M | 164.32M | 164.69M | 188.17M | 189.9M | 229.1M | 176.75M | 197.34M | 205.9M | 182.3M | 180.63M | 164.22M | 165.18M | 166.66M | 159.14M | 170.11M | 146.01M | 112.6M | 111.29M | 102.02M |
| Days Payables Outstanding | 25.07 | 23.72 | 28.16 | 31.23 | 33.31 | 33.77 | 30.43 | 33.88 | 31.62 | 28.86 | 28.85 | 29.87 | 27.05 | 27.38 | 27.58 | 26.54 | 27.12 | 31.71 | 31.61 | 35.02 |
| Short-Term Debt | 218.25M | 239.02M | 204.45M | 219.89M | 232.45M | 254.85M | 205.14M | 226.51M | 233.11M | 222.43M | 260.16M | 445.08M | 144.2M | 142.48M | 199.44M | 148.16M | 151.23M | 196.6M | 154.14M | 153.51M |
| Deferred Revenue (Current) | 911.02M | 155.58M | 151.16M | 789.24M | 750.23M | 681.34M | 775.73M | 767.67M | 711.61M | 666.92M | 779.98M | 763.62M | 726.41M | 707.1M | 842.5M | 811.37M | 722.35M | 592.05M | 648M | 631.8M |
| Other Current Liabilities | 9.11M | 803.24M | 751.06M | 1.68M | 1.83M | 59.49M | 1.32M | 736K | 1.47M | 61.93M | 50.05M | 466.85M | 32.9M | 41.92M | 35.7M | 30.52M | 29.69M | 28.99M | 19.32M | 17.47M |
| Current Ratio | 1.16x | 1.23x | 1.06x | 1.04x | 0.99x | 1.16x | 1.09x | 0.98x | 0.91x | 0.99x | 0.96x | 0.74x | 1.11x | 1.04x | 0.93x | 0.97x | 1.10x | 1.18x | 1.37x | 1.42x |
| Quick Ratio | 1.06x | 1.13x | 0.95x | 0.93x | 0.88x | 1.07x | 0.99x | 0.89x | 0.82x | 0.90x | 0.88x | 0.68x | 1.03x | 0.96x | 0.86x | 0.90x | 1.03x | 1.11x | 1.30x | 1.35x |
| Cash Conversion Cycle | 12.29 | 17.85 | 15.66 | 12.09 | 7.04 | 8.04 | 10.29 | 7.09 | 6.36 | 6.64 | 6.8 | 7.46 | 5.19 | 3.99 | 5.47 | 6.38 | 6.88 | 5.7 | 11.9 | 18.73 |
| Total Non-Current Liabilities | 2.46B | 2.37B | 2.21B | 2.07B | 1.93B | 2.01B | 1.87B | 1.8B | 1.68B | 1.8B | 1.62B | 1.57B | 2.04B | 2B | 1.85B | 1.83B | 1.93B | 1.9B | 1.92B | 1.9B |
| Long-Term Debt | 1.89B | 2.07B | 1.63B | 1.5B | 1.39B | 1.42B | 1.3B | 1.24B | 1.2B | 1.24B | 1.11B | 1.11B | 1.33B | 1.3B | 1.32B | 1.35B | 1.33B | 1.23B | 1.25B | 1.28B |
| Capital Lease Obligations | 241.67M | 258.38M | 272.48M | 271.77M | 255.83M | 270.59M | 295.78M | 296.4M | 198.39M | 215.35M | 224.14M | 186.56M | 162.03M | 158.29M | 117.21M | 72.75M | 86.79M | 104.73M | 122.69M | 112M |
| Deferred Tax Liabilities | 72.94M | 59.22M | 75.82M | 60.61M | 48.8M | 37.48M | 57.3M | 47.46M | 45.74M | 36.37M | 44.34M | 34.71M | 25.78M | 16.57M | 23.85M | 18.92M | 18.89M | 18.78M | 18.1M | 19.53M |
| Other Non-Current Liabilities | 250.45M | -16.05M | 233.23M | 236.09M | 229.92M | 217.63M | 223.54M | 216.51M | 235.01M | 234.47M | 238.62M | 239.76M | 522.02M | 471.77M | 387.83M | 389.91M | 499.62M | 482.82M | 251.74M | 247.67M |
| Total Liabilities | 4.02B | 3.81B | 3.61B | 3.44B | 3.27B | 3.37B | 3.19B | 3.16B | 3B | 3.07B | 3.02B | 3.54B | 3.26B | 3.2B | 3.23B | 3.12B | 3.1B | 2.95B | 2.96B | 2.92B |
| Total Debt | 2.42B | 2.56B | 2.17B | 2.05B | 1.94B | 2B | 1.86B | 1.82B | 1.69B | 1.75B | 1.66B | 1.81B | 1.71B | 1.68B | 1.72B | 1.65B | 1.64B | 1.6B | 1.6B | 1.63B |
| Net Debt | 2.04B | 2.18B | 1.92B | 1.82B | 1.77B | 1.39B | 1.58B | 1.62B | 1.52B | 1.54B | 1.43B | 1.53B | 1.47B | 1.56B | 1.52B | 1.51B | 1.39B | 1.39B | 1.31B | 1.37B |
| Debt / Equity | 0.84x | 0.92x | 0.81x | 0.80x | 0.78x | 0.84x | 0.80x | 0.82x | 0.77x | 0.82x | 0.83x | 1.16x | 1.07x | 1.13x | 1.23x | 1.27x | 1.27x | 1.23x | 1.32x | 1.35x |
| Debt / EBITDA | 8.86x | 11.68x | 9.57x | 10.39x | 8.43x | 9.50x | 9.64x | 11.31x | 7.51x | 7.54x | 5.59x | 24.53x | 10.27x | 12.52x | 11.39x | 10.98x | 40.22x | 10.61x | 63.17x | 34.98x |
| Net Debt / EBITDA | 7.49x | 9.94x | 8.47x | 9.19x | 7.72x | 6.59x | 8.21x | 10.07x | 6.75x | 6.65x | 4.80x | 20.71x | 8.82x | 11.61x | 10.08x | 10.09x | 34.12x | 9.21x | 51.75x | 29.46x |
| Interest Coverage | 10.56x | 7.99x | 9.31x | 8.48x | 9.90x | 9.79x | 8.20x | 7.82x | 11.98x | 11.34x | 3.59x | 2.42x | 6.84x | 5.75x | 6.69x | 7.05x | 2.00x | 7.14x | 1.36x | 2.50x |
| Total Equity | 2.87B | 2.78B | 2.67B | 2.56B | 2.48B | 2.37B | 2.32B | 2.24B | 2.19B | 2.12B | 2.01B | 1.55B | 1.6B | 1.49B | 1.4B | 1.3B | 1.29B | 1.3B | 1.21B | 1.2B |
| Equity Growth % | 15.8% | 16.95% | 15.21% | 14.52% | 13.23% | 11.83% | 15.38% | 43.77% | 36.62% | 42.22% | 43.82% | 19.91% | 24.1% | 14.83% | 14.93% | 7.68% | 10.08% | 1.23% | -17.69% | -24.35% |
| Book Value per Share | 69.77 | 67.21 | 64.86 | 62.07 | 60.09 | 56.92 | 55.50 | 53.59 | 52.11 | 52.79 | 50.52 | 38.68 | 39.90 | 37.72 | 35.25 | 31.46 | 30.77 | 30.55 | 28.47 | 28.23 |
| Total Shareholders' Equity | 2.87B | 2.78B | 2.67B | 2.56B | 2.48B | 2.37B | 2.32B | 2.24B | 2.19B | 2.12B | 2.01B | 1.55B | 1.6B | 1.49B | 1.4B | 1.3B | 1.29B | 1.3B | 1.21B | 1.2B |
| Common Stock | 30.78M | 30.76M | 30.76M | 30.75M | 30.74M | 30.71M | 30.71M | 30.71M | 30.7M | 30.67M | 28.83M | 28.83M | 28.83M | 28.79M | 28.79M | 28.79M | 28.79M | 28.75M | 28.76M | 28.75M |
| Retained Earnings | 2.98B | 2.84B | 2.73B | 2.63B | 2.54B | 2.44B | 2.34B | 2.26B | 2.2B | 2.1B | 1.98B | 1.79B | 1.84B | 1.72B | 1.63B | 1.51B | 1.39B | 1.37B | 1.25B | 1.24B |
| Treasury Stock | -345.15M | -300.14M | -300.14M | -300.14M | -294.99M | -291.44M | -254.53M | -254.53M | -244.31M | -204.13M | -199.38M | -360M | -357.09M | -344.54M | -344.54M | -326.24M | -205.07M | -176.9M | -136.48M | -136.39M |
| Accumulated OCI | -15.94M | -15.94M | -15.75M | -15.75M | -15.75M | -15.75M | -9.33M | -9.33M | -9.33M | -9.33M | -11.45M | -11.45M | -11.45M | -11.45M | -18.53M | -18.53M | -18.67M | -18.67M | -24.1M | -24.1M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |