Growth Metrics

Copa Holdings (CPA) Debt Ratio (2012 - 2025)

Copa Holdings recorded quarterly Debt Ratio of 0.3 in Q4 2025, up 2.86% quarter-over-quarter from 0.29 in Q3 2025, and up 3.39% year-over-year from 0.29 in Q4 2024.

Copa Holdings' Debt Ratio history runs 14 years deep, the most recent figure standing at 0.3 for Q4 2025.

  • In Q4 2025, Debt Ratio rose 3.39% year-over-year to 0.3; the TTM figure through Dec 2025 stood at 0.3 (up 3.39% YoY), while the FY2025 annual figure was 0.3, up 3.39% from the prior year.
  • Debt Ratio came in at 0.3 for Q4 2025 at Copa Holdings, up from 0.29 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.36 in Q1 2021 to a low of 0.27 in Q2 2024.
  • A 5-year average of 0.31 and a median of 0.3 in 2023 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio increased 24.05% in 2021 and fell 17.18% in 2023, its largest moves.
  • Copa Holdings' Debt Ratio stood at 0.34 in 2021, then dropped by 8.24% to 0.31 in 2022, then dropped by 8.6% to 0.28 in 2023, then grew by 3.38% to 0.29 in 2024, then rose by 3.39% to 0.3 in 2025.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.3, 0.29, and 0.29 for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 0.17
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 0.18
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 0.49
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 0.07
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 0.26
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 0.33
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn 0.30
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn 0.51
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 0.41
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 0.08

Historic Data

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DateValue
Dec 31, 2025 0.30
Sep 30, 2025 0.29
Jun 30, 2025 0.29
Mar 31, 2025 0.28
Dec 31, 2024 0.29
Sep 30, 2024 0.27
Jun 30, 2024 0.27
Mar 31, 2024 0.28
Dec 31, 2023 0.28
Sep 30, 2023 0.27
Jun 30, 2023 0.30
Mar 31, 2023 0.30
Dec 31, 2022 0.31
Sep 30, 2022 0.33
Jun 30, 2022 0.34
Mar 31, 2022 0.34
Dec 31, 2021 0.34
Sep 30, 2021 0.34
Jun 30, 2021 0.35
Mar 31, 2021 0.36
Dec 31, 2020 0.30
Sep 30, 2020 0.32
Jun 30, 2020 0.28
Dec 31, 2019 0.24
Sep 30, 2019 0.25
Jun 30, 2019 0.27
Mar 31, 2019 0.29
Dec 31, 2018 0.29
Sep 30, 2018 0.27
Jun 30, 2018 0.26
Mar 31, 2018 0.26
Dec 31, 2017 0.29
Sep 30, 2017 0.28
Jun 30, 2017 0.29
Mar 31, 2017 0.30
Dec 31, 2016 0.33
Sep 30, 2016 0.32
Jun 30, 2016 0.33
Mar 31, 2016 0.33
Dec 31, 2015 0.35
Sep 30, 2015 0.30
Jun 30, 2015 0.29
Mar 31, 2015 0.28
Dec 31, 2014 0.31
Sep 30, 2014 0.28
Jun 30, 2014 0.26
Mar 31, 2014 0.26
Dec 31, 2013 0.27
Sep 30, 2013 0.28
Jun 30, 2013 0.31
Mar 31, 2013 0.33
Dec 31, 2012 0.35