CPACopa Holdings, S.A.

$132.48

Is it safe?

Can CPA take a bad year?

Copa Holdings, S.A. carries $1.59B of net debt at 1.34× EBITDA: a load its earnings can carry.

$1.59B

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.34×

Net debt / EBITDA · 0.97× a year ago · the load is going up

Interest cover
45.2×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
37%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2025
$1.98B
Cash and short-term investments
$388M
Net debt
$1.59B
EBITDA, trailing twelve months
$1.18B
Operating profit, trailing twelve months
$819M
Debt / equity
0.71×
Total debt / EBITDA
1.67×
Annualised volatilitytwo years of daily moves
37%
Worst drawdown on file
−79%
Below its 52-week high
−16%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.