Southern Copper Balance Sheet Health
Financial Health criteria checks 5/6
Southern Copper has a total shareholder equity of $9.0B and total debt of $6.3B, which brings its debt-to-equity ratio to 69.6%. Its total assets and total liabilities are $18.4B and $9.4B respectively. Southern Copper's EBIT is $5.1B making its interest coverage ratio 23.9. It has cash and short-term investments of $3.0B.
Key information
69.6%
Debt to equity ratio
US$6.26b
Debt
| Interest coverage ratio | 23.9x |
| Cash | US$2.97b |
| Equity | US$8.99b |
| Total liabilities | US$9.43b |
| Total assets | US$18.42b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCCO's short term assets ($5.9B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: SCCO's short term assets ($5.9B) do not cover its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: SCCO's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: SCCO's debt to equity ratio has reduced from 101% to 69.6% over the past 5 years.
Debt Coverage: SCCO's debt is well covered by operating cash flow (57.6%).
Interest Coverage: SCCO's interest payments on its debt are well covered by EBIT (23.9x coverage).