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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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Exhibit 12.1
SOUTHERN COPPER CORPORATION
COMPUTATION OF FINANCIAL RATIOS
(In millions except ratios)
EARNINGS TO FIXED |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| |||||
Earnings before tax, |
| $ | 2,372.6 |
| $ | 2,973.5 |
| $ | 3,448.7 |
| $ | 2,430.8 |
| $ | 1,404.4 |
|
Fixed charges |
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|
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|
|
|
| |||||
Interest expense |
| 265.6 |
| 201.8 |
| 192.3 |
| 167.9 |
| 99.8 |
| |||||
(Gain) loss on debt prepayment |
| — |
| — |
| 1.4 |
| — |
| — |
| |||||
Total fixed charges |
| 265.6 |
| 201.8 |
| 193.7 |
| 167.9 |
| 99.8 |
| |||||
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| |||||
Earning plus fixed charges |
| $ | 2,638.2 |
| $ | 3,175.3 |
| $ | 3,642.4 |
| $ | 2,598.7 |
| $ | 1,504.2 |
|
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|
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|
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| |||||
Earnings to fixed charges |
| 9.9 |
| 15.7 |
| 18.8 |
| 15.5 |
| 15.1 |
|
NET DEBT TO NET |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| |||||
Total debt |
| $ | 4,204.9 |
| $ | 4,213.9 |
| $ | 2,745.7 |
| $ | 2,760.4 |
| $ | 1,280.2 |
|
Cash and cash equivalent balance |
| (1,672.7 | ) | (2,459.5 | ) | (848.1 | ) | (2,192.7 | ) | (772.3 | ) | |||||
Net debt |
| 2,532.2 |
| 1,754.4 |
| 1,897.6 |
| 567.7 |
| 507.9 |
| |||||
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Net capitalization |
|
|
|
|
|
|
|
|
|
|
| |||||
Net debt |
| 2,532.2 |
| 1,754.4 |
| 1,897.6 |
| 567.7 |
| 507.9 |
| |||||
Equity |
| 5,561.8 |
| 4,789.1 |
| 4,036.3 |
| 3,910.4 |
| 3,893.7 |
| |||||
Net capitalization |
| $ | 8,094.0 |
| $ | 6,543.5 |
| $ | 5,933.9 |
| $ | 4,478.1 |
| $ | 4,401.6 |
|
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Net debt/net capitalization (*) |
| 31.3 | % | 26.8 | % | 32.0 | % | 12.7 | % | 11.5 | % |
(*) Represents net debt divided by net capitalization