Copa Holdings (Copa Holdings) Debt-to-Equity : 0.82 (As of Dec. 2023)

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What is Copa Holdings Debt-to-Equity?

Copa Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was USD291 Mil. Copa Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was USD1,456 Mil. Copa Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was USD2,126 Mil. Copa Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Copa Holdings's Debt-to-Equity or its related term are showing as below:

CPA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 0.89 Max: 1.24
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Copa Holdings was 1.24. The lowest was 0.54. And the median was 0.89.

CPA's Debt-to-Equity is ranked worse than
62.26% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs CPA: 0.82

Copa Holdings Debt-to-Equity Historical Data

The historical data trend for Copa Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Copa Holdings Debt-to-Equity Chart

Copa Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

1.09

1.24

1.13

0.82

Copa Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.07	1.16	0.83	0.82

Competitive Comparison of Copa Holdings's Debt-to-Equity

For the Airlines subindustry, Copa Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Copa Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Copa Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Copa Holdings's Debt-to-Equity falls into.

Copa Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Copa Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(290.734	+	1455.614)	/	2126.237
	=	0.82

Copa Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(290.734	+	1455.614)	/	2126.237
	=	0.82

Copa Holdings (NYSE:CPA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Copa Holdings Debt-to-Equity Related Terms

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Copa Holdings (Copa Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Copa Holdings SA (NYSE:CPA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CPAN:Mexico C2H:Germany C2H:Germany

Address

Costa del Este, Complejo Business Park, Avenida Principal y Avenida de la Rotonda, Torre Norte Parque Lefevre, Panama, PAN

Website

https://www.copaair.com

Copa Holdings SA is a provider of airline passenger and cargo service through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama and domestic and international air transportation for passengers, cargo and mail with a point-to-point route network through Copa Colombia a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and Caribbean. It derives a majority of revenue from South America.