Balance Sheet Data

Azul S.A. (AZUL)

$7.52

+0.14 (+1.90%)

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 1,686.501,709.903,156.603,075.20668.304,963.546,291.397,974.4610,107.7812,811.81
Total Cash (%)
Account Receivables 1,352.901,380.701,132.601,183.802,109.102,886.923,659.234,638.145,878.937,451.67
Account Receivables (%)
Inventories 200.10260.90402.60571.90721.70875.771,110.051,407.011,783.422,260.52
Inventories (%)
Accounts Payable 1,329.101,626.602,396.501,775.402,432.804,167.215,282.026,695.068,486.1210,756.33
Accounts Payable (%)
Capital Expenditure -854.80-1,560.50-452.70-776.80-1,451-1,925.40-2,440.49-3,093.37-3,920.90-4,969.82
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.