EX-12.1 3 ex-12d1.htm EX-12.1 scco_Ex12_1

Exhibit 12.1

 

SOUTHERN COPPER CORPORATION

COMPUTATION OF FINANCIAL RATIOS

(In millions except ratios)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET DEBT TO NET CAPITALIZATION

    

2019

    

2018

    

2017

    

2016

    

2015

 

Total debt

 

$

6,940.8 

 

$

5,960.1 

 

$

5,957.1 

 

$

5,954.2 

 

$

5,951.5 

 

Cash and cash equivalents

 

 
(1,925.1)

 

 
(844.6)

 

 
(1,004.8)

 

 
(546.0)

 

 
(274.5)

 

Short‑term investments

 

 
(80.7)

 

 
(213.8)

 

 
(50.5)

 

 
(51.3)

 

 
(603.5)

 

Net debt

 

 

4,935.0 

 

 

4,901.7 

 

 

4,901.8 

 

 

5,356.8 

 

 

5,073.5 

 

Net capitalization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net debt

 

 

4,935.0 

 

 

4,901.7 

 

 

4,901.8 

 

 

5,356.8 

 

 

5,073.5 

 

Equity

 

 
6,858.2

 

 

6,612.9 

 

 

6,149.4 

 

 

5,870.9 

 

 

5,299.2 

 

Net capitalization

 

 

11,793.2 

 

 

11,514.6 

 

 

11,051.2 

 

$

11,227.7 

 

$

10,372.7 

 

Net debt/net capitalization(*)

 

 

41.8 

%

 

42.6 

%

 

44.4 

%

 

47.7 

%

 

48.9 

%

 

(*)Represents net debt divided by net capitalization