CAAPCorporación América Airports S.A.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -90% · now 19% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CAAP take a bad year?
Corporación América Airports S.A. carries $469M of net debt at 0.65× EBITDA: a load its earnings can carry.
Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.65×
Net debt / EBITDA · 1.11× a year ago · the load is coming down
- Interest cover
- 5.38×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 39%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $1.10B
- Cash and short-term investments
- $627M
- Net debt
- $469M
- EBITDA, trailing twelve months
- $717M
- Operating profit, trailing twelve months
- $488M
- Debt / equity
- 0.69×
- Total debt / EBITDA
- 1.53×
- Annualised volatilitytwo years of daily moves
- 39%
- Worst drawdown on file
- −90%
- Below its 52-week high
- 19%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.