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Southern Copper Corp  (SCCO)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials

Southern Copper's Tangible Leverage Ratio

SCCO's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to net new borrowings of 1.49%, Tangible Leverage Ratio fell to 1.14, above the Southern Copper's average Tangible Leverage Ratio.

Within Metal Mining industry in the forth quarter 2023, 16 other companies have achieved lower Tangible Leverage Ratio than Southern Copper in the IV Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 843, from total ranking in the third quarter 2023 at 1534 .

Explain Tangible Leverage Ratio?
What is SCCO Market Share?
What are SCCO´s Total Liabilities?


SCCO Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change -8.25 % 2.5 % 3.69 % -0.37 % -0.71 %
Y / Y Total Liabilities Change 6.99 % 0.61 % -3.74 % -6.6 % -10.54 %
Tangible Leverage Ratio MRQ 1.14 1.08 1.03 0.98 0.98
SCCO's Total Ranking # 843 # 1534 # 1867 # 1333 # 1818
Seq. Tangible Equity Change -4.26 % -1.95 % -2.78 % 0.52 % 6.96 %
Seq. Total Liabilities Change 1.49 % 3.25 % 1.71 % 0.37 % -4.56 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Metal Mining Industry # 17
Basic Materials Sector # 79
Overall Market # 843


Tangible Leverage Ratio Statistics
High Average Low
1.36 1.09 0.57
(Dec 31 2015)   (Sep 30 2012)




Financial Statements
Southern Copper's Tangible Equity $ 7,351 Millions Visit SCCO's Balance sheet
Southern Copper's Total Liabilities $ 8,411 Millions Visit SCCO's Balance sheet
Source of SCCO's Sales Visit SCCO's Sales by Geography


Cumulative Southern Copper's Tangible Leverage Ratio

SCCO's Tangible Leverage Ratio for the trailling 12 Months

SCCO Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth -8.25 % 2.5 % 3.69 % -0.37 % -0.71 %
Y / Y Total Liabilities TTM Growth 6.99 % 0.61 % -3.74 % -6.6 % -10.54 %
Tangible Leverage Ratio TTM 1.06 1.02 1.02 1.04 1.06
Total Ranking TTM # 1364 # 2000 # 2096 # 2192 # 2517
Seq. Tangible Equity TTM Growth -4.26 % -1.95 % -2.78 % 0.52 % 6.96 %
Seq. Total Liabilities TTM Growth 1.49 % 3.25 % 1.71 % 0.37 % -4.56 %


On the trailing twelve months basis Due to the net new borrowings of 1.49% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeTangible Leverage Ratio improved to 1.06, above the Southern Copper's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Metal Mining industry 3, during the past 12 months, other companies have achieved lower Tangible Leverage Ratio than Southern Copper. While Tangible Leverage Ratio total ranking has improved so far to 75, from total ranking in previous 12 month period at 1788.

Explain Tangible Leverage Ratio?
What is SCCO Market Share?
What are SCCO´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Metal Mining Industry # 4
Basic Materials Sector # 11
Within the Market # 843


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1 0.82 0.01
(Jun 30 2020)   (March 31, 2016)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Metal Mining Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Golden Minerals Company  1.92 $ 9.797  Millions$ 5.113  Millions
New Gold Inc   1.90 $ 1,496.800  Millions$ 789.200  Millions
Freeport mcmoran Inc   1.31 $ 35,813.000  Millions$ 27,310.000  Millions
Cleveland cliffs Inc   1.27 $ 9,011.000  Millions$ 7,117.000  Millions
Southern Copper Corp  1.14 $ 8,411.400  Millions$ 7,351.000  Millions
Newmont Corporation  1.01 $ 26,479.000  Millions$ 26,204.000  Millions
Iamgold Corporation  1.00 $ 2,273.800  Millions$ 2,264.100  Millions
Rise Gold Corp   0.93 $ 2.579  Millions$ 2.778  Millions
Ero Copper Corp  0.87 $ 702.357  Millions$ 809.331  Millions
Verde Resources Inc   0.83 $ 2.830  Millions$ 3.394  Millions
Vista Gold Corp   0.80 $ 3.983  Millions$ 4.951  Millions
Ur energy Inc   0.79 $ 59.246  Millions$ 74.870  Millions
Equinox Gold Corp   0.78 $ 1,907.916  Millions$ 2,442.461  Millions
Mp Materials Corp   0.72 $ 970.673  Millions$ 1,356.898  Millions
Kinross Gold Corporation  0.70 $ 4,357.600  Millions$ 6,185.700  Millions
I 80 Gold Corp   0.70 $ 297.429  Millions$ 426.264  Millions
Agnico Eagle Mines Limited  0.61 $ 9,262.034  Millions$ 15,265.243  Millions
Enertopia Corp   0.51 $ 0.317  Millions$ 0.617  Millions
Barrick Gold Corp  0.49 $ 13,809.000  Millions$ 28,421.000  Millions
Coeur Mining Inc   0.48 $ 492.672  Millions$ 1,023.903  Millions
Cameco Corporation  0.39 $ 1,797.294  Millions$ 4,668.241  Millions
Orla Mining Ltd   0.34 $ 135.237  Millions$ 400.541  Millions
Ssr Mining Inc   0.33 $ 1,430.142  Millions$ 4,304.203  Millions
Emx Royalty Corporation  0.32 $ 38.133  Millions$ 120.435  Millions
Idaho Strategic Resources Inc   0.30 $ 6.137  Millions$ 20.536  Millions
New Found Gold Corp   0.29 $ 14.613  Millions$ 50.175  Millions
Ivanhoe Electric Inc   0.28 $ 103.828  Millions$ 376.158  Millions
B2gold Corp   0.25 $ 964.644  Millions$ 3,909.975  Millions

Date modified: 2024-03-01T04:44:41+00:00



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