Southern Copper (BUE:SCCO) Debt-to-EBITDA : 1.63 (As of Dec. 2023)

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What is Southern Copper Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Southern Copper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ARS28,158 Mil. Southern Copper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ARS2,509,672 Mil. Southern Copper's annualized EBITDA for the quarter that ended in Dec. 2023 was ARS1,555,044 Mil. Southern Copper's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.63.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Southern Copper's Debt-to-EBITDA or its related term are showing as below:

BUE:SCCO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.09 Med: 1.75 Max: 3.12
Current: 1.37

During the past 13 years, the highest Debt-to-EBITDA Ratio of Southern Copper was 3.12. The lowest was 1.09. And the median was 1.75.

BUE:SCCO's Debt-to-EBITDA is ranked better than
58.12% of 542 companies
in the Metals & Mining industry
Industry Median: 1.98 vs BUE:SCCO: 1.37

Southern Copper Debt-to-EBITDA Historical Data

The historical data trend for Southern Copper's Debt-to-EBITDA 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.

* Premium members only.

Southern Copper Debt-to-EBITDA Chart

Southern Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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2.26

1.94

1.09

1.32

1.37

Southern Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															1.08	1.12	1.55	1.34	1.63

Competitive Comparison of Southern Copper's Debt-to-EBITDA

For the Copper subindustry, Southern Copper's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Southern Copper's Debt-to-EBITDA Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Southern Copper's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Southern Copper's Debt-to-EBITDA falls into.

Southern Copper Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Southern Copper's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(28158	+	2509672.002)	/	1846912.102
	=	1.37

Southern Copper's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(28158	+	2509672.002)	/	1555043.6
	=	1.63

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Southern Copper (BUE:SCCO) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Southern Copper Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Southern Copper's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Copper (BUE:SCCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Copper Corp (BUE:SCCO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

SCCO:USA SCCO:Peru SCCO:Mexico PCU:Germany

Address

7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020

Website

https://www.southerncoppercorp.com

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.