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Southern Peru Copper - Sucursal Del Peru (LIM:SPCCPI1) Interest Coverage : 19.30 (As of Jun. 2024)


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What is Southern Peru Copper - Sucursal Del Peru Interest Coverage?

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 Peru Copper - Sucursal Del Peru's Operating Income for the three months ended in Jun. 2024 was S/.5,997 Mil. Southern Peru Copper - Sucursal Del Peru's Interest Expense for the three months ended in Jun. 2024 was S/.-311 Mil. Southern Peru Copper - Sucursal Del Peru's interest coverage for the quarter that ended in Jun. 2024 was 19.30. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Southern Peru Copper - Sucursal Del Peru's Interest Coverage or its related term are showing as below:

LIM:SPCCPI1' s Interest Coverage Range Over the Past 10 Years
Min: 12.88   Med: 18.03   Max: 19.44
Current: 15.76


LIM:SPCCPI1's Interest Coverage is ranked worse than
75.94% of 1334 companies
in the Metals & Mining industry
Industry Median: No Debt vs LIM:SPCCPI1: 15.76

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 Peru Copper - Sucursal Del Peru Interest Coverage Historical Data

The historical data trend for Southern Peru Copper - Sucursal Del Peru'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.

* Premium members only.

Southern Peru Copper - Sucursal Del Peru Interest Coverage Chart

Southern Peru Copper - Sucursal Del Peru Annual Data
Trend Dec11 Dec12 Dec13
Interest Coverage
19.44 18.03 12.88

Southern Peru Copper - Sucursal Del Peru Quarterly Data
Dec12 Dec13 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Mar24 Jun24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.37 11.04 13.12 14.78 19.30

Competitive Comparison of Southern Peru Copper - Sucursal Del Peru's Interest Coverage

For the Other Industrial Metals & Mining subindustry, Southern Peru Copper - Sucursal Del Peru'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.


Southern Peru Copper - Sucursal Del Peru's Interest Coverage Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Southern Peru Copper - Sucursal Del Peru's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Southern Peru Copper - Sucursal Del Peru's Interest Coverage falls into.


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Southern Peru Copper - Sucursal Del Peru Interest Coverage Calculation

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 Peru Copper - Sucursal Del Peru's Interest Coverage for the fiscal year that ended in Dec. 2013 is calculated as

Here, for the fiscal year that ended in Dec. 2013, Southern Peru Copper - Sucursal Del Peru's Interest Expense was S/.-734 Mil. Its Operating Income was S/.9,447 Mil. And its Long-Term Debt & Capital Lease Obligation was S/.15,689 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2013 )/Interest Expense (A: Dec. 2013 )
=-1*9447.487/-733.547
=12.88

Southern Peru Copper - Sucursal Del Peru's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Here, for the three months ended in Jun. 2024, Southern Peru Copper - Sucursal Del Peru's Interest Expense was S/.-311 Mil. Its Operating Income was S/.5,997 Mil. And its Long-Term Debt & Capital Lease Obligation was S/.23,974 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*5996.949/-310.798
=19.30

* 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 Peru Copper - Sucursal Del Peru  (LIM:SPCCPI1) 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 .


Southern Peru Copper - Sucursal Del Peru Interest Coverage Related Terms

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Southern Peru Copper - Sucursal Del Peru Business Description

Traded in Other Exchanges
N/A
Address
Av. Caminos del Inca No. 171, Urb. Chacarilla del Estanque, Santiago de Surco, Lima, PER, 33
Southern Peru Copper Corp - Sucursal Del Peru produces copper in the Moquegua and Tacna provinces of Peru. The company mines for copper ore to produce copper concentrates and molybdenum concentrates. It has operations in North America, South America, Europe, Africa, Asia, and Australia.

Southern Peru Copper - Sucursal Del Peru Headlines

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