How much debt does Southern Copper have?

According to Southern Copper's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Southern Copper's total debt stands at $1.24B. This is broken down into:

• Long-term debt: $657.60M
• Short-term debt: $581.60M

The company's net debt, which accounts for cash and cash equivalents, is $-2.02B. In terms of overall financial obligations, Southern Copper's total liabilities amount to $9.48B.

Debt Ratios and Metrics

To better understand Southern Copper's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 0.14 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 6.62% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: 16.63 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 6.69% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 11.90% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Southern Copper's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.