Corporación América Airports S.A. (CAAP) Balance Sheet
CAAP balance sheet, 2025
December 31, 2025 · U.S. dollars$4.45B assets = $2.79B liabilities + $1.66B equity
Both columns are drawn to the same scale: what CAAP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CAAP financial health
Descriptive bands, not a rating. Fiscal 2025.
CAAP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.63B2016 | $4.45B2025 | +2.3%/yr | |
| Total liabilities | $2.82B2016 | $2.79B2025 | −0.1%/yr | |
| Shareholders’ equity | $449.1M2016 | $1.59B2025 | +15.1%/yr | |
| Cash & short-term investments | $246.9M2016 | $714.8M2025 | +12.5%/yr | |
| Total debt | $1.11B2016 | $1.10B2025 | −0.0%/yr | |
| Net cash (debt) | −$860.3M2016 | −$390.1M2025 | +$470.2M | |
| Working capital | −$155.7M2016 | $256.5M2025 | +$412.2M | |
| Book value per share | $3.032016 | $9.772025 | +13.9%/yr | |
| Current ratio | 0.772016 | 1.352025 | +0.59 | |
| Debt / equity | 2.472016 | 0.702025 | −1.77 | |
| Shares outstanding | 148.1M2016 | 162.5M2025 | +1.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CAAP assets
CAAP liabilities and equity
CAAP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CAAP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $714.8M | $524.7M | $448.2M | $450.0M | $451.1M | $354.9M | $279.4M | $325.8M | $261.4M | $246.9M |
| Cash & equivalents | $592.8M | $439.8M | $369.8M | $385.3M | $375.8M | $281.0M | $195.7M | $244.9M | $221.6M | $213.0M |
| Short-term investments | $122.1M | $84.8M | $78.4M | $64.7M | $75.3M | $73.9M | $83.8M | $81.0M | $39.8M | $33.9M |
| Receivables | $237.6M | $216.2M | $245.1M | $167.2M | $151.2M | $90.0M | $120.0M | $133.2M | $136.4M | $114.7M |
| Inventory | $14.7M | $11.4M | $16.1M | $15.8M | $11.5M | $8.0M | $11.3M | $9.8M | $8.6M | $7.7M |
| Other current assets | $17.8M | $13.3M | $40.5M | $14.5M | $12.5M | $67.1M | $96.9M | $63.9M | $173.2M | $137.8M |
| Total current assets | $985.0M | $765.5M | $749.9M | $647.5M | $626.3M | $520.0M | $507.6M | $532.7M | $579.5M | $507.1M |
| Property, plant & equipment (net) | $95.0M | $87.7M | $85.4M | $83.9M | $88.4M | $94.3M | $88.0M | $74.3M | $74.5M | $66.0M |
| Goodwill & intangible assets | $3.14B | $3.16B | $2.52B | $2.96B | $2.74B | $2.62B | $3.00B | $2.93B | $2.82B | $2.83B |
| Long-term investments | $157.7M | $100.6M | $79.1M | $8.8M | $21.5M | $11.6M | $105.8M | $124.0M | $152.6M | $94.6M |
| Other non-current assets | $73.0M | $72.2M | $106.6M | $135.5M | $141.4M | $163.3M | $178.7M | $180.7M | $176.3M | $134.4M |
| Total assets | $4.45B | $4.18B | $3.54B | $3.84B | $3.62B | $3.41B | $3.88B | $3.85B | $3.80B | $3.63B |
| Liabilities | ||||||||||
| Accounts payable | $131.2M | $120.8M | $112.8M | $124.1M | $116.2M | $150.9M | $148.8M | $114.6M | $127.8M | $113.5M |
| Short-term debt | $143.7M | $119.1M | $203.4M | $181.3M | $425.0M | $219.9M | $178.3M | $98.9M | $372.8M | $141.6M |
| Deferred revenue | $13.8M | $23.6M | $26.7M | $20.5M | $4.7M | $4.5M | $4.8M | $6.0M | $6.1M | $13.9M |
| Total current liabilities | $728.5M | $603.7M | $685.9M | $676.3M | $842.3M | $552.6M | $562.3M | $450.6M | $732.0M | $662.8M |
| Long-term debt | $955.9M | $1.04B | $1.13B | $1.29B | $1.02B | $1.13B | $1.04B | $1.03B | $1.11B | $965.7M |
| Lease obligations | $9.7M | $10.7M | $14.0M | $8.8M | $12.2M | $13.7M | $8.9M | — | — | — |
| Other long-term liabilities | $1.10B | $1.02B | $918.6M | $1.01B | $986.4M | $919.4M | $1.08B | $1.14B | $1.16B | $1.20B |
| Total liabilities | $2.79B | $2.66B | $2.74B | $2.97B | $2.85B | $2.60B | $2.68B | $2.62B | $3.00B | $2.82B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $165.2M | $163.2M | $163.2M | $163.2M | $163.2M | $163.2M | $160.0M | $160.0M | $1.50B | $20,000 |
| Retained earnings (deficit) | $964.6M | $718.5M | $438.8M | $201.2M | $32.7M | $150.2M | $403.3M | $394.2M | $138.0M | $74.5M |
| Accumulated other comprehensive income | $239.2M | $308.2M | −$56.1M | $172.8M | $95.2M | −$1.3M | $20.1M | $33.6M | −$1.18B | $374.6M |
| Minority interest | $74.2M | $148.7M | $78.9M | $146.3M | — | — | — | — | — | — |
| Total shareholders' equity | $1.59B | $1.37B | $725.0M | $716.1M | $469.7M | $489.4M | $763.9M | $768.2M | $461.8M | $449.1M |
| Key figures | ||||||||||
| Total debt | $1.10B | $1.17B | $1.35B | $1.47B | $1.45B | $1.36B | $1.22B | $1.13B | $1.49B | $1.11B |
| Net cash (debt) | −$390.1M | −$644.1M | −$899.0M | −$1.02B | −$1.00B | −$1.00B | −$937.8M | −$800.8M | −$1.23B | −$860.3M |
| Working capital | $256.5M | $161.8M | $64.0M | −$28.9M | −$216.0M | −$32.6M | −$54.7M | $82.2M | −$152.5M | −$155.7M |
| Tangible book value | −$1.55B | −$1.79B | −$1.80B | −$2.24B | −$2.27B | −$2.13B | −$2.24B | −$2.17B | −$2.36B | −$2.38B |
| Book value per share | $9.77 | $8.49 | $4.51 | $4.45 | $2.93 | $3.06 | $4.77 | $4.31 | $2.89 | $3.03 |
| Shares outstanding | 162.5M | 161.2M | 160.9M | 160.8M | 160.5M | 160.0M | 160.0M | 178.1M | 160.0M | 148.1M |
| Current ratio | 1.35 | 1.27 | 1.09 | 0.96 | 0.74 | 0.94 | 0.90 | 1.18 | 0.79 | 0.77 |
| Quick ratio | 1.31 | 1.23 | 1.01 | 0.91 | 0.72 | 0.81 | 0.71 | 1.02 | 0.54 | 0.55 |
| Debt / equity | 0.70 | 0.85 | 1.86 | 2.06 | 3.09 | 2.78 | 1.59 | 1.47 | 3.22 | 2.47 |
| Equity / assets | 35.7% | 32.7% | 20.5% | 18.7% | 13.0% | 14.4% | 19.7% | 20.0% | 12.1% | 12.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $860.8M | $772.4M | $714.8M | $661.0M | $595.2M | $523.5M | $524.7M | $604.9M | $548.5M | $545.1M | $448.2M | $551.7M |
| Cash & equivalents | $692.5M | $666.2M | $592.8M | $540.4M | $496.8M | $448.6M | $439.8M | $510.9M | $439.4M | $469.8M | $369.8M | $462.9M |
| Short-term investments | $168.3M | $106.2M | $122.1M | $120.6M | $98.4M | $74.9M | $84.8M | $94.1M | $109.1M | $75.2M | $78.4M | $88.8M |
| Receivables | $257.9M | $259.1M | $237.6M | $246.7M | $235.4M | $226.7M | $216.2M | $236.8M | $200.0M | $205.0M | $245.1M | $202.9M |
| Inventory | $19.2M | $17.4M | $14.7M | $14.9M | $11.1M | $13.0M | $11.4M | $10.0M | $10.8M | $14.4M | $16.1M | $15.6M |
| Other current assets | $137,000 | $137,000 | $17.8M | $137,000 | $137,000 | $137,000 | $13.3M | $0 | $0 | $0 | $40.5M | $6.0M |
| Total current assets | $1.14B | $1.05B | $985.0M | $922.7M | $841.9M | $763.4M | $765.5M | $851.7M | $759.3M | $764.5M | $749.9M | $776.1M |
| Property, plant & equipment (net) | $99.6M | $90.2M | $95.0M | $93.6M | $92.4M | $89.9M | $87.7M | $91.4M | $89.8M | $90.3M | $85.4M | $81.0M |
| Goodwill & intangible assets | $3.42B | $3.41B | $3.14B | $3.09B | $3.21B | $3.25B | $3.16B | $3.21B | $3.09B | $2.98B | $2.52B | $3.05B |
| Long-term investments | $0 | $159.4M | $157.7M | $115.7M | $109.5M | $112.3M | $100.6M | $88.6M | $87.8M | $88.7M | $79.1M | $23.3M |
| Other non-current assets | $216.2M | $81.3M | $73.0M | $72.7M | $79.3M | $75.9M | $72.2M | $71.9M | $96.1M | $99.6M | $106.6M | $127.1M |
| Total assets | $4.87B | $4.79B | $4.45B | $4.29B | $4.34B | $4.29B | $4.18B | $4.32B | $4.12B | $4.02B | $3.54B | $4.06B |
| Liabilities | ||||||||||||
| Accounts payable | $129.5M | $116.6M | $131.2M | $115.4M | $120.9M | $105.5M | $120.8M | $127.4M | $102.5M | $97.7M | $112.8M | $119.0M |
| Short-term debt | $152.1M | $151.9M | $143.7M | $106.0M | $108.5M | $107.6M | $119.1M | $186.8M | $154.2M | $231.5M | $203.4M | $155.7M |
| Deferred revenue | $4.1M | $4.1M | $13.8M | $5.0M | $5.8M | $4.0M | $23.6M | $4.2M | $4.0M | $4.9M | $26.7M | $5.5M |
| Total current liabilities | $753.9M | $748.2M | $728.5M | $601.7M | $566.8M | $549.2M | $603.7M | $662.4M | $575.7M | $671.9M | $685.9M | $632.3M |
| Long-term debt | $0 | $936.9M | $955.9M | $1.02B | $1.04B | $1.03B | $1.04B | $1.04B | $1.07B | $1.06B | $1.13B | $1.27B |
| Lease obligations | — | $8.5M | $9.7M | $10.8M | $10.1M | $10.3M | $10.7M | $11.9M | $12.3M | $13.1M | $14.0M | $7.2M |
| Other long-term liabilities | $2.18B | $1.22B | $1.10B | $1.17B | $1.16B | $1.12B | $1.02B | $1.13B | $1.05B | $1.05B | $918.6M | $1.14B |
| Total liabilities | $2.93B | $2.91B | $2.79B | $2.79B | $2.76B | $2.71B | $2.66B | $2.84B | $2.69B | $2.78B | $2.74B | $3.04B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $165.2M | $165.2M | $165.2M | $165.2M | $165.2M | $163.2M | $163.2M | $163.2M | $163.2M | $163.2M | $163.2M | $163.2M |
| Retained earnings (deficit) | $1.09B | $1.04B | $964.6M | $856.3M | $804.5M | $759.3M | $718.5M | $680.7M | $654.9M | $591.4M | $438.8M | $346.6M |
| Accumulated other comprehensive income | $390.2M | $380.4M | $239.2M | $206.8M | $284.2M | $335.9M | $308.2M | $291.6M | $257.1M | $163.1M | −$56.1M | $185.5M |
| Minority interest | — | $76.6M | $74.2M | $56.9M | $100.5M | $141.5M | — | — | — | — | — | — |
| Total shareholders' equity | $1.87B | $1.80B | $1.59B | $1.45B | $1.47B | $1.44B | $1.37B | $1.31B | $1.25B | $1.10B | $725.0M | $874.2M |
| Key figures | ||||||||||||
| Total debt | $1.09B | $1.09B | $1.10B | $1.13B | $1.15B | $1.15B | $1.17B | $1.24B | $1.23B | $1.30B | $1.35B | $1.43B |
| Net cash (debt) | −$229.6M | −$321.5M | −$390.1M | −$469.3M | −$554.5M | −$625.6M | −$644.1M | −$635.0M | −$686.2M | −$758.8M | −$899.0M | −$879.8M |
| Working capital | $384.1M | $300.8M | $256.5M | $321.0M | $275.1M | $214.2M | $161.8M | $189.3M | $183.6M | $92.6M | $64.0M | $143.8M |
| Tangible book value | −$1.55B | −$1.60B | −$1.55B | −$1.64B | −$1.74B | −$1.81B | −$1.79B | −$1.90B | −$1.84B | −$1.88B | −$1.80B | −$2.17B |
| Book value per share | $11.38 | $11.01 | $9.57 | $8.93 | $9.02 | $8.82 | $8.49 | $8.06 | $7.74 | $6.81 | $4.50 | $5.43 |
| Shares outstanding | 163.9M | 163.9M | 165.8M | 161.9M | 163.1M | 163.1M | 161.2M | 163.1M | 162.0M | 161.0M | 161.0M | 161.0M |
| Current ratio | 1.51 | 1.40 | 1.35 | 1.53 | 1.49 | 1.39 | 1.27 | 1.29 | 1.32 | 1.14 | 1.09 | 1.23 |
| Quick ratio | 1.48 | 1.38 | 1.31 | 1.51 | 1.47 | 1.37 | 1.23 | 1.27 | 1.30 | 1.12 | 1.01 | 1.19 |
| Debt / equity | 0.58 | 0.61 | 0.70 | 0.78 | 0.78 | 0.80 | 0.85 | 0.94 | 0.98 | 1.19 | 1.86 | 1.64 |
| Equity / assets | 38.3% | 37.7% | 35.7% | 33.7% | 33.9% | 33.5% | 32.7% | 30.5% | 30.4% | 27.3% | 20.5% | 21.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
CAAP financial position
At the end of fiscal 2025 (December 31, 2025), Corporación América Airports had total assets of $4.4 billion (up 6.4% from a year earlier), total liabilities of $2.8 billion and shareholders' equity of $1.6 billion. It held $714.8 million in cash and short-term investments against $1.1 billion of debt, net debt of $390.1 million. Its current ratio was 1.35. In the latest quarter (ended June 30, 2026) total assets were $4.9 billion and equity $1.9 billion.
Related: CAAP income statement, CAAP cash flow statement, CAAP key metrics. See the CAAP stock overview for the latest quote and news.
CAAP balance sheet FAQ
What are Corporación América Airports's total assets?
Corporación América Airports reported total assets of $4.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.2 billion a year earlier.
How much debt does Corporación América Airports have?
Corporación América Airports had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.70.
How much cash does Corporación América Airports have?
Corporación América Airports held $714.8 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $390.1 million.
What is Corporación América Airports's book value?
Corporación América Airports's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2025, or $9.77 per share.
What is Corporación América Airports's current ratio?
Corporación América Airports had current assets of $985.0 million and current liabilities of $728.5 million, a current ratio of 1.35 (it can cover its short-term obligations).
How much goodwill does Corporación América Airports have?
Corporación América Airports carried $3.1 billion of goodwill and intangible assets, 70.5% of total assets, at the end of fiscal 2025.