- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
Exhibit 12.1
SOUTHERN COPPER CORPORATION
COMPUTATION OF FINANCIAL RATIOS
(In millions except ratios)
EARNINGS TO FIXED |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| |||||
Earnings before tax, |
| $ | 3,448.7 |
| $ | 2,430.8 |
| $ | 1,404.4 |
| $ | 2,093.8 |
| $ | 3,411.9 |
|
Fixed charges |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense |
| 192.3 |
| 167.9 |
| 99.8 |
| 106.3 |
| 123.2 |
| |||||
(Gain) loss on debt prepayment |
| 1.4 |
| — |
| — |
| — |
| 16.6 |
| |||||
Total fixed charges |
| 193.7 |
| 167.9 |
| 99.8 |
| 106.3 |
| 139.8 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Earning plus fixed charges |
| $ | 3,642.4 |
| $ | 2,598.7 |
| $ | 1,504.2 |
| $ | 2,200.1 |
| $ | 3,551.7 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Earnings to fixed charges |
| 18.8 |
| 15.5 |
| 15.1 |
| 20.7 |
| 25.4 |
|
NET DEBT TO NET |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| |||||
Total debt |
| $ | 2,745.7 |
| $ | 2,760.4 |
| $ | 1,280.3 |
| $ | 1,290.0 |
| $ | 1,449.8 |
|
Cash and cash equivalent balance |
| (848.1 | ) | (2,192.7 | ) | (772.3 | ) | (716.7 | ) | (1,409.3 | ) | |||||
Net debt |
| 1,897.6 |
| 567.7 |
| 508.0 |
| 573.3 |
| 40.5 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Net capitalization |
|
|
|
|
|
|
|
|
|
|
| |||||
Net debt |
| 1,897.6 |
| 567.7 |
| 508.0 |
| 573.3 |
| 40.5 |
| |||||
Equity |
| 4,036.3 |
| 3,910.4 |
| 3,893.7 |
| 3,395.4 |
| 3,864.8 |
| |||||
Net capitalization |
| $ | 5,933.9 |
| $ | 4,478.1 |
| $ | 4,401.7 |
| $ | 3,968.7 |
| $ | 3,905.3 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Net debt/net capitalization (*) |
| 32.0 | % | 12.7 | % | 11.5 | % | 14.4 | % | 1.0 | % |
(*) Represents net debt divided by net capitalization