Southern Copper Balance Sheet Health
Financial Health criteria checks 4/6
Southern Copper has a total shareholder equity of $8.6B and total debt of $6.3B, which brings its debt-to-equity ratio to 73.1%. Its total assets and total liabilities are $17.8B and $9.2B respectively. Southern Copper's EBIT is $4.7B making its interest coverage ratio 20.6. It has cash and short-term investments of $2.2B.
Key information
73.1%
Debt to equity ratio
US$6.26b
Debt
| Interest coverage ratio | 20.6x |
| Cash | US$2.20b |
| Equity | US$8.56b |
| Total liabilities | US$9.22b |
| Total assets | US$17.78b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCCO's short term assets ($5.3B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: SCCO's short term assets ($5.3B) do not cover its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: SCCO's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: SCCO's debt to equity ratio has reduced from 87.8% to 73.1% over the past 5 years.
Debt Coverage: SCCO's debt is well covered by operating cash flow (51.3%).
Interest Coverage: SCCO's interest payments on its debt are well covered by EBIT (20.6x coverage).