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Azul S.A. Sponsored ADR (AZUL) Ratios
Azul S.A. Sponsored ADR Ratios
AZUL's free cash flow for Q2 2026 was $-291.14M. For the 2026 fiscal year, AZUL's free cash flow was decreased by $-77.32M and operating cash flow was $-213.82M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.21 | 0.27 | 0.34 | 0.32 | 0.50 |
| Quick Ratio | 0.17 | 0.22 | 0.29 | 0.27 | 0.45 |
| Cash Ratio | 0.02 | 0.06 | 0.13 | 0.04 | 0.26 |
| Solvency Ratio | 0.06 | -0.16 | 0.00 | 0.04 | -0.07 |
| Operating Cash Flow Ratio | -0.04 | 0.13 | 0.23 | 0.16 | -0.03 |
| Short-Term Operating Cash Flow Coverage | -0.07 | 1.20 | 2.43 | 1.30 | -0.30 |
| Net Current Asset Value | $ -46.35B | $ -51.05B | $ -36.82B | $ -32.86B | $ -31.02B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 1.52 | 1.43 | 1.28 | 1.28 | 1.34 |
| Debt-to-Equity Ratio | -1.23 | -1.23 | -1.23 | -1.26 | -1.36 |
| Debt-to-Capital Ratio | 5.26 | 5.28 | 5.26 | 4.83 | 3.79 |
| Long-Term Debt-to-Capital Ratio | -0.47 | -0.83 | -0.85 | -0.65 | -0.96 |
| Financial Leverage Ratio | -0.81 | -0.86 | -0.96 | -0.98 | -1.01 |
| Debt Service Coverage Ratio | 0.30 | 0.46 | 0.77 | 0.96 | 0.13 |
| Interest Coverage Ratio | 1.55 | 0.61 | 0.36 | 0.36 | 0.02 |
| Debt to Market Cap | 1.79 | 13.47 | 2.05 | 2.51 | 1.18 |
| Interest Debt Per Share | 129.37 | 371.63 | 266.70 | 241.49 | 245.39 |
| Net Debt to EBITDA | 5.96 | 10.21 | 5.29 | 4.15 | 38.56 |
| Profitability Margins | |||||
| Gross Profit Margin | 28.47% | 26.38% | 16.87% | 10.55% | 18.10% |
| EBIT Margin | 13.48% | 16.63% | 11.94% | 22.06% | -9.80% |
| EBITDA Margin | 27.40% | 18.22% | 24.89% | 35.19% | 5.68% |
| Operating Profit Margin | 19.97% | 17.36% | 8.95% | 8.96% | 0.55% |
| Pretax Profit Margin | 0.58% | -47.07% | -12.62% | -4.53% | -42.23% |
| Net Profit Margin | 0.58% | -46.87% | -12.83% | -4.53% | -42.23% |
| Continuous Operations Profit Margin | 0.58% | -46.87% | -12.83% | -4.53% | -42.23% |
| Net Income Per EBT | 99.99% | 99.58% | 101.69% | 100.00% | 100.00% |
| EBT Per EBIT | 2.89% | -271.05% | -140.93% | -50.53% | -7689.04% |
| Return on Assets (ROA) | 0.53% | -34.83% | -11.59% | -3.86% | -22.73% |
| Return on Equity (ROE) | -0.43% | 30.07% | 11.16% | 3.80% | 22.98% |
| Return on Capital Employed (ROCE) | -74.10% | 68.74% | 28.72% | 39.00% | 0.80% |
| Return on Invested Capital (ROIC) | 37.95% | 24.87% | 15.26% | 14.93% | 0.48% |
| Return on Tangible Assets | 0.57% | -37.03% | -12.48% | -4.18% | -24.53% |
| Earnings Yield | 0.85% | -762.86% | -43.70% | -19.33% | -49.75% |
| Efficiency Ratios | |||||
| Receivables Turnover | 7.39 | 9.87 | 13.81 | 8.51 | 8.43 |
| Payables Turnover | 3.94 | 3.47 | 6.77 | 5.67 | 5.33 |
| Inventory Turnover | 11.52 | 15.24 | 19.30 | 16.69 | 14.28 |
| Fixed Asset Turnover | 1.68 | 1.45 | 1.64 | 1.68 | 1.25 |
| Asset Turnover | 0.92 | 0.74 | 0.90 | 0.85 | 0.54 |
| Working Capital Turnover Ratio | -1.11 | -1.54 | -1.87 | -1.99 | -1.87 |
| Cash Conversion Cycle | -11.56 | -44.34 | -8.56 | 0.34 | 0.32 |
| Days of Sales Outstanding | 49.41 | 37.00 | 26.43 | 42.89 | 43.31 |
| Days of Inventory Outstanding | 31.68 | 23.96 | 18.91 | 21.87 | 25.55 |
| Days of Payables Outstanding | 92.65 | 105.30 | 53.90 | 64.43 | 68.54 |
| Operating Cycle | 81.09 | 60.96 | 45.34 | 64.76 | 68.87 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -4.05 | 24.05 | 29.69 | 21.05 | -2.70 |
| Free Cash Flow Per Share | -4.70 | 13.19 | 22.76 | 10.23 | -8.11 |
| Dividend Paid and CapEx Coverage Ratio | -6.21 | 2.21 | 4.28 | 1.95 | -0.50 |
| Capital Expenditure Coverage Ratio | -6.21 | 2.21 | 4.28 | 1.95 | -0.50 |
| Operating Cash Flow Coverage Ratio | -0.03 | 0.07 | 0.13 | 0.10 | -0.01 |
| Operating Cash Flow to Sales Ratio | -0.06 | 0.14 | 0.19 | 0.15 | -0.03 |
| Free Cash Flow Yield | -9.50% | 127.39% | 48.40% | 31.70% | -11.04% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 117.76 | -0.13 | -2.29 | -5.17 | -2.01 |
| Price-to-Sales (P/S) Ratio | 0.68 | 0.06 | 0.29 | 0.23 | 0.85 |
| Price-to-Book (P/B) Ratio | -0.51 | -0.04 | -0.26 | -0.20 | -0.46 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -10.53 | 0.78 | 2.07 | 3.15 | -9.06 |
| Price-to-Operating Cash Flow Ratio | -12.22 | 0.43 | 1.58 | 1.53 | -27.26 |
| Price-to-Earnings Growth (PEG) Ratio | -1.17 | -0.00 | -0.01 | 0.06 | 0.03 |
| Enterprise Value Multiple | 8.45 | 10.55 | 6.47 | 4.82 | 53.51 |
| Enterprise Value | 50.08B | 37.53B | 29.89B | 27.04B | 30.30B |
| EV to EBITDA | 8.45 | 10.55 | 6.47 | 4.82 | 53.51 |
| EV to Sales | 2.31 | 1.92 | 1.61 | 1.70 | 3.04 |
| EV to Free Cash Flow | -35.70 | 24.56 | 11.34 | 22.82 | -32.41 |
| EV to Operating Cash Flow | -41.45 | 13.47 | 8.69 | 11.09 | -97.56 |
| Tangible Book Value Per Share | -102.33 | -276.09 | -196.75 | -176.51 | -170.92 |
| Shareholders’ Equity Per Share | -97.19 | -262.63 | -184.12 | -164.19 | -159.13 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.00 | 0.00 | -0.02 | 0.00 | 0.00 |
| Revenue Per Share | 72.46 | 168.49 | 160.18 | 137.76 | 86.59 |
| Net Income Per Share | 0.42 | -78.97 | -20.55 | -6.24 | -36.57 |
| Tax Burden | 1.00 | 1.00 | 1.02 | 1.00 | 1.00 |
| Interest Burden | 0.04 | -2.83 | -1.06 | -0.21 | 4.31 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.08 | 0.07 | 0.05 | 0.05 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 |
| Income Quality | -9.87 | -0.30 | -1.44 | -3.37 | 0.07 |
Currency in BRL