EX-12.1 2 a2237832zex-12_1.htm EX-12.1
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Exhibit 12.1

SOUTHERN COPPER CORPORATION
COMPUTATION OF FINANCIAL RATIOS
(In millions except ratios)

NET DEBT TO NET CAPITALIZATION
  2018   2017   2016   2015   2014  

Total debt

   $ 5,960.1   $ 5,957.1   $ 5,954.2   $ 5,951.5   $ 4,180.9  

Cash and cash equivalents

     (844.6 )   (1,004.8 )   (546.0 )   (274.5 )   (364.0 )

Short-term investments

     (213.8 )   (50.5 )   (51.3 )   (603.5 )   (338.6 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net debt

     4,901.7     4,901.8     5,356.8     5,073.5     3,478.3  

Net capitalization

    
 		    
 		    
 		    
 		    
 		  

Net debt

     4,901.7     4,901.8     5,356.8     5,073.5     3,478.3  

Equity

     6,612.9     6,149.4     5,870.9     5,299.2     5,836.6  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net capitalization

     11,514.6     11,051.2     11,227.7   $ 10,372.7   $ 9,653.5  

Net debt/net capitalization(*)

    
42.6
%		  
44.4
%		  
47.7
%		  
48.9
%		  
37.3
%
(*)
Represents net debt divided by net capitalization



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SOUTHERN COPPER CORPORATION COMPUTATION OF FINANCIAL RATIOS (In millions except ratios)