LATAM Airlines Group S.A. (LTM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 5.05B | 4.38B | 4.44B | 4.22B | 4.24B | 3.9B | 4.2B | 4.08B | 4.34B | 4.2B | 4.18B | 3.82B | 3.79B | 3.54B | 2.92B | 2.97B | 2.99B | 2.61B | 2.38B | 2.91B |
| Cash & Short-Term Investments | 2.59B | 2.17B | 2.08B | 2.09B | 2.21B | 2.01B | 2.08B | 1.89B | 1.95B | 1.85B | 1.85B | 1.72B | 1.92B | 1.35B | 1.02B | 1.16B | 1.26B | 1.12B | 996.75M | 1.58B |
| Cash Only | 2.54B | 2.15B | 2.02B | 2.07B | 2.15B | 1.96B | 2.01B | 1.85B | 1.85B | 1.71B | 1.63B | 1.53B | 1.42B | 1.22B | 897.18M | 1.13B | 1.18B | 1.05B | 930.18M | 1.53B |
| Short-Term Investments | 50.89M | 16.71M | 65.62M | 20.11M | 60.07M | 51.26M | 65.92M | 41.4M | 102.17M | 139.85M | 225.41M | 198.77M | 502.25M | 134.45M | 125.92M | 23.58M | 82.8M | 78.05M | 66.56M | 49.88M |
| Accounts Receivable | 1.73B | 1.55B | 1.71B | 1.51B | 1.47B | 1.37B | 1.34B | 1.47B | 1.59B | 1.59B | 1.5B | 1.34B | 1.13B | 1.21B | 1.31B | 1.15B | 1.19B | 1.01B | 838.93M | 755.08M |
| Days Sales Outstanding | 36.18 | 38.64 | 39.03 | 41.67 | 38.08 | 37.26 | 39.82 | 46.06 | 44.31 | 44.23 | 43.24 | 42.82 | 38.08 | 42.78 | 44.25 | 48.97 | 51.64 | 43.8 | 57.46 | 67.5 |
| Inventory | 524M | 458.57M | 451.36M | 458.61M | 460.12M | 438.53M | 479.83M | 555.27M | 585.32M | 592.88M | 551.98M | 531.23M | 505.31M | 477.79M | 391.1M | 341.55M | 338.25M | 287.34M | 274.46M | 294.84M |
| Days Inventory Outstanding | 15.77 | 15.4 | 15.97 | 17.42 | 16.85 | 17.47 | 19.77 | 21.3 | 22.39 | 21.67 | 22.65 | 23.37 | 20.4 | 32.24 | 15.34 | 15.4 | 15.98 | 16.75 | 19.3 | 24.82 |
| Other Current Assets | 88.49M | 209.88M | 40.24M | 74.97M | 34.17M | 46.33M | 240.71M | 119.39M | 150.03M | 137.89M | 231.54M | 194.74M | 200.34M | 455.77M | 168.81M | 275.28M | 174.04M | 170.14M | 244.66M | 247.53M |
| Total Non-Current Assets | 13.66B | 13.26B | 12.55B | 12.37B | 11.62B | 11.35B | 11.02B | 10.81B | 10.57B | 10.46B | 10.11B | 9.82B | 9.65B | 9.67B | 10.71B | 10.78B | 10.94B | 10.68B | 12.06B | 11.93B |
| Property, Plant & Equipment | 12.29B | 11.95B | 11.24B | 11.02B | 10.38B | 10.19B | 9.76B | 9.54B | 9.23B | 9.09B | 8.75B | 8.47B | 8.35B | 8.41B | 9.45B | 9.48B | 9.58B | 9.49B | 9.62B | 9.54B |
| Fixed Asset Turnover | 0.34x | 0.33x | 0.34x | 0.30x | 0.33x | 0.33x | 0.34x | 0.32x | 0.36x | 0.36x | 0.35x | 0.31x | 0.33x | 0.30x | 0.27x | 0.23x | 0.20x | 0.20x | 0.13x | 0.09x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.19B | 1.13B | 1.14B | 1.1B | 1.06B | 1B | 1.09B | 1.06B | 1.12B | 1.15B | 1.14B | 1.15B | 1.1B | 1.08B | 1.03B | 1.07B | 1.16B | 1.02B | 1.02B | 1.09B |
| Long-Term Investments | 12.88M | 14.45M | 22.93M | 13.27M | 22.76M | 21.56M | 51.68M | 24.11M | 24.79M | 24.75M | 33.98M | 16.98M | 16.46M | 14.24M | 15.1M | 12.05M | 14.98M | 12.86M | 11.77M | 12.43M |
| Other Non-Current Assets | 146.15M | 166.25M | 143.71M | 229.55M | 144.29M | 133.97M | 115.27M | 181.19M | 188.23M | 191.31M | 183.81M | 189.33M | 175.68M | 162.4M | 155.68M | 198.56M | 161.24M | 140.39M | 144.85M | 157.48M |
| Total Assets | 18.71B | 17.64B | 16.99B | 16.58B | 15.86B | 15.25B | 15.22B | 14.89B | 14.9B | 14.67B | 14.29B | 13.64B | 13.44B | 13.21B | 13.62B | 13.76B | 13.94B | 13.29B | 14.44B | 14.83B |
| Asset Turnover | 0.22x | 0.22x | 0.23x | 0.20x | 0.22x | 0.22x | 0.22x | 0.20x | 0.22x | 0.22x | 0.22x | 0.19x | 0.21x | 0.20x | 0.19x | 0.16x | 0.14x | 0.14x | 0.09x | 0.06x |
| Asset Growth % | 17.98% | 15.65% | 11.56% | 11.38% | 6.4% | 4% | 6.57% | 9.17% | 10.9% | 11.02% | 4.88% | -0.86% | -3.56% | -0.61% | -5.65% | -7.26% | -6.22% | -15.07% | -3.56% | -5.88% |
| Total Current Liabilities | 7.52B | 7.29B | 7.35B | 7.21B | 6.8B | 6.29B | 6.21B | 5.82B | 5.69B | 5.69B | 5.55B | 5.23B | 5.19B | 5.09B | 13.86B | 13.52B | 13.31B | 12.32B | 10.57B | 10.99B |
| Accounts Payable | 1.87B | 1.68B | 1.79B | 1.96B | 1.64B | 1.46B | 2.11B | 1.17B | 862.34M | 1.23B | 1.77B | 1.62B | 1.67B | 646.12M | 842.96M | 1.53B | 1.04B | 900.25M | 1.3B | 1.28B |
| Days Payables Outstanding | 56.94 | 58.62 | 65.71 | 68.31 | 58.17 | 67.8 | 62.66 | 38.04 | 39.69 | 56.77 | 71.06 | 74.24 | 48.02 | 55.25 | 49.67 | 58.21 | 49.57 | 65.74 | 87.73 | 101.65 |
| Short-Term Debt | 191.87M | 174.44M | 185.66M | 165.31M | 160.32M | 104.02M | 194.95M | 149.45M | 230.19M | 183.68M | 225.74M | 180.51M | 539.48M | 472.82M | 4.84B | 5.45B | 4.18B | 3.67B | 3.48B | 3.42B |
| Deferred Revenue (Current) | 3.57B | 0 | 3.53B | 3.43B | 3.16B | 3.12B | 3.1B | 3.03B | 2.91B | 3.04B | 2.94B | 2.9B | 2.53B | 2.53B | 2.55B | 2.5B | 2.33B | 2.27B | 2.24B | 2.11B |
| Other Current Liabilities | 83.13M | 4.84B | 98.94M | 773.41M | 29.99M | 28.71M | -56.95M | 28.53M | 28.68M | 28.34M | -63.13M | -154.96M | -246.37M | 64.72M | 82.06M | 3.92B | 62.78M | 52.69M | 61.7M | 44.86M |
| Current Ratio | 0.67x | 0.60x | 0.60x | 0.59x | 0.62x | 0.62x | 0.68x | 0.70x | 0.76x | 0.74x | 0.75x | 0.73x | 0.73x | 0.69x | 0.21x | 0.22x | 0.22x | 0.21x | 0.23x | 0.26x |
| Quick Ratio | 0.60x | 0.54x | 0.54x | 0.52x | 0.56x | 0.55x | 0.60x | 0.61x | 0.66x | 0.63x | 0.65x | 0.63x | 0.63x | 0.60x | 0.18x | 0.19x | 0.20x | 0.19x | 0.20x | 0.24x |
| Cash Conversion Cycle | -4.98 | -4.58 | -10.72 | -9.22 | -3.24 | -13.07 | -3.07 | 29.32 | 27.02 | 9.13 | -5.16 | -8.05 | 10.46 | 19.77 | 9.93 | 6.16 | 18.05 | -5.19 | -10.97 | -9.33 |
| Total Non-Current Liabilities | 9.26B | 9.01B | 8.54B | 8.47B | 8.12B | 8.25B | 8.3B | 8.54B | 8.63B | 8.54B | 8.31B | 8.16B | 8.06B | 8.09B | 8.02B | 8.23B | 8.19B | 8.04B | 8.2B | 7.51B |
| Long-Term Debt | 3.51B | 3.43B | 3.34B | 3.26B | 2.93B | 2.88B | 2.84B | 2.84B | 2.85B | 2.88B | 2.9B | 2.98B | 3.01B | 3B | 2.41B | 2.42B | 2.59B | 2.58B | 2.68B | 2.58B |
| Capital Lease Obligations | 4.03B | 3.91B | 3.48B | 3.5B | 3.48B | 3.63B | 3.59B | 3.65B | 3.55B | 3.46B | 3.18B | 2.88B | 2.85B | 2.97B | 3.71B | 3.78B | 3.48B | 3.37B | 3.15B | 2.67B |
| Deferred Tax Liabilities | 352.72M | 338.93M | 344.73M | 339.34M | 327.95M | 312.68M | 342.81M | 341.96M | 372.45M | 382.36M | 360.96M | 372.6M | 358.28M | 344.63M | 335.27M | 348.05M | 384.83M | 341.01M | 356.98M | 377.36M |
| Other Non-Current Liabilities | 1.37B | 1.33B | 1.35B | 1.32B | 1.32B | 1.28B | 1.34B | 1.46B | 1.56B | 1.47B | 1.48B | 1.49B | 1.35B | 1.35B | 1.1B | 1.18B | 1.26B | 1.24B | 1.44B | 1.28B |
| Total Liabilities | 16.78B | 16.3B | 15.89B | 15.68B | 14.92B | 14.54B | 14.51B | 14.36B | 14.32B | 14.23B | 13.86B | 13.39B | 13.25B | 13.18B | 21.89B | 21.75B | 21.5B | 20.36B | 18.76B | 18.5B |
| Total Debt | 8.4B | 8.09B | 7.61B | 7.51B | 7.09B | 7.15B | 7.22B | 7.22B | 7.17B | 6.94B | 6.68B | 6.46B | 6.8B | 6.87B | 12.09B | 11.65B | 11.14B | 10.54B | 10.24B | 10.38B |
| Net Debt | 5.86B | 5.94B | 5.59B | 5.45B | 4.94B | 5.19B | 5.21B | 5.36B | 5.32B | 5.22B | 5.05B | 4.93B | 5.39B | 5.65B | 11.19B | 10.52B | 9.96B | 9.49B | 9.31B | 8.85B |
| Debt / Equity | 4.36x | 6.05x | 6.95x | 8.32x | 7.55x | 10.05x | 10.10x | 13.67x | 12.19x | 15.83x | 15.53x | 26.22x | 35.94x | 223.48x | - | - | - | - | - | - |
| Debt / EBITDA | 10.70x | 11.51x | 12.30x | 8.85x | 7.49x | 15.24x | 10.19x | 23.67x | 8.06x | 21.32x | 16.69x | 20.60x | 24.58x | 2.40x | 33.72x | - | 102.53x | - | - | - |
| Net Debt / EBITDA | 7.46x | 8.45x | 9.04x | 6.41x | 5.22x | 11.06x | 7.35x | 17.59x | 5.98x | 16.05x | 12.62x | 15.73x | 19.47x | 1.97x | 31.21x | - | 91.68x | - | - | - |
| Interest Coverage | 5.09x | 4.61x | 3.70x | 2.63x | 3.38x | 1.76x | 2.24x | 1.61x | 2.06x | 1.48x | 2.30x | 1.82x | 1.69x | 12.10x | -0.57x | -1.57x | -0.52x | -6.08x | -2.88x | -4.97x |
| Total Equity | 1.93B | 1.34B | 1.09B | 903M | 939.17M | 711.33M | 714.8M | 528.07M | 588.05M | 438.27M | 429.8M | 246.33M | 189.32M | 30.72M | -8.26B | -7.99B | -7.56B | -7.07B | -4.33B | -3.66B |
| Equity Growth % | 105.15% | 87.99% | 53.1% | 71% | 59.71% | 62.3% | 66.31% | 114.38% | 210.62% | 1326.63% | 105.2% | 103.08% | 102.5% | 100.43% | -91.04% | -118.32% | -163.32% | -189.34% | -192.61% | -305.06% |
| Book Value per Share | 6.71 | 4.42 | 3.77 | 3.02 | 3.11 | 2.35 | 2.37 | 1.75 | 1.95 | 1.45 | 1.42 | 0.82 | 0.62 | 0.10 | -1520.20 | -1470.48 | -1390.98 | -1300.24 | -795.88 | -673.51 |
| Total Shareholders' Equity | 1.93B | 1.35B | 1.1B | 913.64M | 950.08M | 723.27M | 724.48M | 539.02M | 598.72M | 450.3M | 437.43M | 259.8M | 201.86M | 42.28M | -8.25B | -7.98B | -7.55B | -7.06B | -4.31B | -3.65B |
| Common Stock | 4.42B | 4.42B | 5B | 5B | 5B | 5B | 5B | 5B | 5B | 5B | 5B | 5B | 13.3B | 13.3B | 3.15B | 3.15B | 3.15B | 3.15B | 3.15B | 3.15B |
| Retained Earnings | 2.57B | 4.84B | 1.83B | 4.23B | 1.4B | 1.15B | 957.93M | 747.09M | 645.21M | 464.41M | 406.34M | 244.06M | -7.32B | -7.5B | -10.04B | -7.08B | -9.22B | -8.84B | -6.09B | -5.39B |
| Treasury Stock | 0 | 0 | -585.42M | -151.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -178K | -178K | -178K | -178K | -178K | -178K | -178K | -178K |
| Accumulated OCI | -5.06B | -7.92B | -5.15B | -8.16B | -5.45B | -5.43B | -5.24B | -5.21B | -5.05B | -5.02B | -4.97B | -4.99B | -5.78B | -5.75B | -1.36B | -4.05B | -1.48B | -1.36B | -1.37B | -1.4B |
| Minority Interest | -7.76M | -8.39M | -8.44M | -10.64M | -10.91M | -11.94M | -9.68M | -10.95M | -10.66M | -12.03M | -7.63M | -13.47M | -12.54M | -11.56M | -13.38M | -8.26M | -7.91M | -10.36M | -13.87M | -10.47M |