Copa Holdings, S.A annual debt-to-equity ratio
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Copa Holdings, S.A Debt-to-Equity Ratio Growth & History (CPA)
Copa Holdings, S.A's debt-to-equity ratio was 0.83 for fiscal 2025.
View full Copa Holdings, S.A company overviewCopa Holdings, S.A annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.83 | −0.01 | −1.50% |
| 2024 | 2024-12-31 | 0.84 | 0.02 | +2.46% |
| 2023 | 2023-12-31 | 0.82 | −0.30 | −27.03% |
| 2022 | 2022-12-31 | 1.13 | −0.11 | −8.66% |
| 2021 | 2021-12-31 | 1.23 | 0.15 | +13.65% |
| 2020 | 2020-12-31 | 1.09 | 0.38 | +53.96% |
| 2019 | 2019-12-31 | 0.71 | −0.22 | −23.77% |
| 2018 | 2018-12-31 | 0.93 | 0.08 | +9.01% |
| 2017 | 2017-12-31 | 0.85 | 0.10 | +13.95% |
| 2016 | 2016-12-31 | 0.75 | −0.19 | −20.47% |
| 2015 | 2015-12-31 | 0.94 | — | — |
Copa Holdings, S.A quarterly debt-to-equity ratio
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.89 | 0.09 | +11.42% |
| Q1 2026 | 2026-03-31 | 0.84 | — | — |
| Q4 2025 | 2025-12-31 | 0.83 | −0.01 | −1.50% |
| Q3 2025 | 2025-09-30 | 0.81 | — | — |
| Q2 2025 | 2025-06-30 | 0.80 | — | — |
| Q4 2024 | 2024-12-31 | 0.84 | 0.02 | +2.46% |
| Q4 2023 | 2023-12-31 | 0.82 | −0.30 | −27.03% |
| Q4 2022 | 2022-12-31 | 1.13 | −0.11 | −8.66% |
| Q4 2021 | 2021-12-31 | 1.23 | 0.15 | +13.65% |
| Q4 2020 | 2020-12-31 | 1.09 | 0.38 | +53.96% |
| Q4 2019 | 2019-12-31 | 0.71 | −0.22 | −23.77% |
| Q4 2018 | 2018-12-31 | 0.93 | — | — |
Copa Holdings, S.A debt-to-equity ratio trends
Over the last five fiscal years, Copa Holdings, S.A's debt-to-equity ratio decreased from 1.09 to 0.83, a change of −0.26. The latest reported quarter, Q2 2026, shows 0.89.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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