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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Southern Copper's Operating Income for the three months ended in Sep. 2024 was $1,450 Mil. Southern Copper's Interest Expense for the three months ended in Sep. 2024 was $-83 Mil. Southern Copper's interest coverage for the quarter that ended in Sep. 2024 was 17.45. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Southern Copper's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Southern Copper's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Southern Copper Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 8.08 | 8.51 | 16.98 | 13.04 | 12.83 |
Southern Copper Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Interest Coverage | Get a 7-Day Free Trial | 13.12 | 10.74 | 14.78 | 17.08 | 17.45 |
For the Copper subindustry, Southern Copper's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Metals & Mining industry and Basic Materials sector, Southern Copper's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Southern Copper's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
If Interest Expense is negative and Operating Income is positive, then
Interest Coverage | = | -1 | * | Operating Income | / | Interest Expense |
Else if Interest Expense is negative and Operating Income is negative, then
The company did not have earnings to cover the interest expense. |
Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then
The company had no debt (1). |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Southern Copper's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as
Here, for the fiscal year that ended in Dec. 2023, Southern Copper's Interest Expense was $-327 Mil. Its Operating Income was $4,192 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,952 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Dec. 2023 ) | / | Interest Expense (A: Dec. 2023 ) |
= | -1 | * | 4192.3 | / | -326.7 | |
= | 12.83 |
Southern Copper's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as
Here, for the three months ended in Sep. 2024, Southern Copper's Interest Expense was $-83 Mil. Its Operating Income was $1,450 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,407 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Sep. 2024 ) | / | Interest Expense (Q: Sep. 2024 ) |
= | -1 | * | 1450.3 | / | -83.1 | |
= | 17.45 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's Financial Strength is.
Southern Copper (NYSE:SCCO) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thank you for viewing the detailed overview of Southern Copper's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Palomino Bonilla Luis Miguel | director | C/O SOUTHERN PERU COPPER CORP, 2575 E CAMELBACK RD, PHOENIX AZ 85016 |
Castillo Sanchez Mejorada Enrique | director | C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028 |
Velasco German Larrea Mota | director, officer: Chairman of the Board and CEO | |
Contreras Lerdo De Tejada Leonardo | director | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Andreve Vicente Ariztegui | director | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Perez Alfredo Casar | director | C/O SOUTHERN COPPER CORPORATION, AV. CAMINOS DEL INCA 171, LIMA R5 33 |
Castro Raul Vaca | officer: General Auditor | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Chapa Ramon Leal | officer: Senior Vice President | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Quintanilla Daniel Muniz | director | C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028 |
Mac Gregor Anciola Rafael | director | 1440 E. MISSOURI AVENUE, STE. C160, PHOENIX AZ 85014 |
Lopez Abad Rafael F. | officer: General Auditor | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Lina Vingerhoets | officer: Comptroller | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Julian Jorge Lazalde | officer: Secretary | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Andres C Ferrero | officer: General Counsel | 1440 E MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Oscar Gonzalez Rocha | director, officer: President |
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