Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) Balance Sheet
VLRS balance sheet, 2025
December 31, 2025 · U.S. dollars$5.64B assets = $5.37B liabilities + $263.0M equity
Both columns are drawn to the same scale: what VLRS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VLRS financial health
Descriptive bands, not a rating. Fiscal 2025.
VLRS balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.70B2024 | $5.64B2025 | −1.2%/yr | |
| Total liabilities | $5.34B2024 | $5.37B2025 | +0.7%/yr | |
| Shareholders’ equity | $364.8M2024 | $263.0M2025 | −27.9%/yr | |
| Cash & short-term investments | $945.2M2024 | $774.0M2025 | −18.1%/yr | |
| Total debt | $3.87B2024 | $3.86B2025 | −0.4%/yr | |
| Net cash (debt) | −$2.93B2024 | −$3.08B2025 | −$155.7M | |
| Working capital | −$388.2M2024 | −$523.0M2025 | −$134.8M | |
| Book value per share | $3.172024 | $2.282025 | −28.2%/yr | |
| Current ratio | 0.782024 | 0.732025 | −0.05 | |
| Debt / equity | 10.612024 | 14.662025 | +4.05 | |
| Shares outstanding | 115.1M2024 | 115.6M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VLRS assets
VLRS liabilities and equity
VLRS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VLRS balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $774.0M | $945.2M |
| Cash & equivalents | $754.0M | $899.4M |
| Short-term investments | $20.0M | $45.7M |
| Receivables | $262.0M | $138.8M |
| Inventory | $17.0M | $16.6M |
| Other current assets | $341.0M | $281.4M |
| Total current assets | $1.39B | $1.38B |
| Property, plant & equipment (net) | $3.48B | $3.54B |
| Goodwill & intangible assets | $38.0M | $26.0M |
| Long-term investments | $0 | $0 |
| Other non-current assets | $726.0M | $756.1M |
| Total assets | $5.64B | $5.70B |
| Liabilities | ||
| Accounts payable | $192.0M | $161.2M |
| Short-term debt | $671.0M | $674.8M |
| Deferred revenue | — | $363.6M |
| Total current liabilities | $1.92B | $1.77B |
| Long-term debt | $441.1M | $526.0M |
| Lease obligations | $3.15B | $3.06B |
| Other long-term liabilities | $3.02B | $3.04B |
| Total liabilities | $5.37B | $5.34B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $248.0M | $248.3M |
| Retained earnings (deficit) | −$109.0M | −$21.7M |
| Accumulated other comprehensive income | −$146.0M | −$132.3M |
| Total shareholders' equity | $263.0M | $364.8M |
| Key figures | ||
| Total debt | $3.86B | $3.87B |
| Net cash (debt) | −$3.08B | −$2.93B |
| Working capital | −$523.0M | −$388.2M |
| Tangible book value | $225.0M | $338.9M |
| Book value per share | $2.28 | $3.17 |
| Shares outstanding | 115.6M | 115.1M |
| Current ratio | 0.73 | 0.78 |
| Quick ratio | 0.54 | 0.61 |
| Debt / equity | 14.66 | 10.61 |
| Equity / assets | 4.7% | 6.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $817.1M | $758.5M | $774.0M | $785.6M | $788.0M | $862.4M | $945.2M |
| Cash & equivalents | $796.1M | $738.5M | $754.0M | $770.6M | $772.0M | $847.0M | $899.4M |
| Short-term investments | $21.0M | $20.0M | $20.0M | $15.0M | $16.9M | $15.4M | $45.7M |
| Receivables | $320.0M | $250.0M | $262.0M | $207.0M | $230.0M | $212.0M | $138.8M |
| Inventory | $21.0M | $17.0M | $17.0M | $15.5M | $16.0M | $16.8M | $16.6M |
| Other current assets | $349.9M | $368.5M | $341.0M | $344.0M | $302.0M | $273.9M | $281.4M |
| Total current assets | $1.51B | $1.39B | $1.39B | $1.35B | $1.34B | $1.37B | $1.38B |
| Property, plant & equipment (net) | $3.52B | $3.50B | $3.48B | $3.51B | $3.45B | $3.51B | $3.54B |
| Goodwill & intangible assets | $41.0M | $39.0M | $38.0M | $31.3M | $26.0M | $25.4M | $26.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $788.5M | $721.9M | $726.0M | $811.3M | $799.0M | $783.6M | $756.1M |
| Total assets | $5.86B | $5.65B | $5.64B | $5.70B | $5.61B | $5.69B | $5.70B |
| Liabilities | |||||||
| Accounts payable | $255.0M | $166.0M | $192.0M | $265.0M | $179.0M | $142.0M | $161.2M |
| Short-term debt | $685.0M | $754.0M | $671.0M | $749.0M | $721.0M | $636.0M | $674.8M |
| Deferred revenue | $496.0M | $428.0M | — | $392.0M | $395.0M | $374.5M | $363.6M |
| Total current liabilities | $2.34B | $2.09B | $1.92B | $2.01B | $1.94B | $1.82B | $1.77B |
| Long-term debt | $461.0M | $394.0M | $441.1M | $452.0M | $440.0M | $525.0M | $526.0M |
| Lease obligations | $3.17B | $3.16B | $3.15B | $3.07B | $3.06B | $3.06B | $3.06B |
| Other long-term liabilities | $2.99B | $2.96B | $3.02B | $2.98B | $2.98B | $3.03B | $3.04B |
| Total liabilities | $5.79B | $5.45B | $5.37B | $5.44B | $5.36B | $5.37B | $5.34B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $248.0M | $248.0M | $248.0M | $248.0M | $248.0M | $248.3M | $248.3M |
| Retained earnings (deficit) | −$325.0M | −$197.0M | −$109.0M | −$130.0M | −$136.0M | −$72.9M | −$21.7M |
| Accumulated other comprehensive income | −$126.0M | −$115.0M | −$146.0M | −$129.0M | −$147.0M | −$132.1M | −$132.3M |
| Total shareholders' equity | $68.0M | $207.0M | $263.0M | $262.0M | $254.0M | $315.0M | $364.8M |
| Key figures | |||||||
| Total debt | $3.86B | $3.82B | $3.86B | $3.87B | $3.80B | $3.83B | $3.87B |
| Net cash (debt) | −$3.04B | −$3.06B | −$3.08B | −$3.08B | −$3.01B | −$2.97B | −$2.93B |
| Working capital | −$831.0M | −$694.0M | −$523.0M | −$660.0M | −$599.0M | −$451.4M | −$388.2M |
| Tangible book value | $27.0M | $168.0M | $225.0M | $230.7M | $228.0M | $289.6M | $338.9M |
| Book value per share | $0.59 | $1.80 | $2.29 | $2.25 | $2.18 | $2.74 | $3.13 |
| Shares outstanding | 114.9M | 114.9M | 114.9M | 116.3M | 116.3M | 115.0M | 116.6M |
| Current ratio | 0.64 | 0.67 | 0.73 | 0.67 | 0.69 | 0.75 | 0.78 |
| Quick ratio | 0.49 | 0.48 | 0.54 | 0.49 | 0.53 | 0.59 | 0.61 |
| Debt / equity | 56.75 | 18.46 | 14.66 | 14.75 | 14.96 | 12.15 | 10.61 |
| Equity / assets | 1.2% | 3.7% | 4.7% | 4.6% | 4.5% | 5.5% | 6.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 28, 2026); data from EODHD.
VLRS financial position
At the end of fiscal 2025 (December 31, 2025), Controladora Vuela Compañía de Aviación, S.A.B. de C.V. had total assets of $5.6 billion (down 1.2% from a year earlier), total liabilities of $5.4 billion and shareholders' equity of $263.0 million. It held $774.0 million in cash and short-term investments against $3.9 billion of debt, net debt of $3.1 billion. Its current ratio was 0.73. In the latest quarter (ended June 30, 2026) total assets were $5.9 billion and equity $68.0 million.
Related: VLRS income statement, VLRS cash flow statement, VLRS key metrics. See the VLRS stock overview for the latest quote and news.
VLRS balance sheet FAQ
What are Controladora Vuela Compañía de Aviación, S.A.B. de C.V.'s total assets?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. reported total assets of $5.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.7 billion a year earlier.
How much debt does Controladora Vuela Compañía de Aviación, S.A.B. de C.V. have?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. had $3.9 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 14.66.
How much cash does Controladora Vuela Compañía de Aviación, S.A.B. de C.V. have?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. held $774.0 million in cash and short-term investments at the end of fiscal 2025; with $3.9 billion of debt that is net debt of $3.1 billion.
What is Controladora Vuela Compañía de Aviación, S.A.B. de C.V.'s book value?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V.'s shareholders' equity (book value) was $263.0 million at the end of fiscal 2025, or $2.28 per share.
What is Controladora Vuela Compañía de Aviación, S.A.B. de C.V.'s current ratio?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. had current assets of $1.4 billion and current liabilities of $1.9 billion, a current ratio of 0.73 (current liabilities exceed current assets).
How much goodwill does Controladora Vuela Compañía de Aviación, S.A.B. de C.V. have?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. carried $38.0 million of goodwill and intangible assets, 0.7% of total assets, at the end of fiscal 2025.