SQMSociedad Química y Minera de Chile S.A.

$78.33

Is it safe?

Can SQM take a bad year?

Sociedad Química y Minera de Chile S.A. carries $3.65B of net debt at 2.59× EBITDA: a load its earnings can carry.

$3.65B

Net debt · as at FY2024 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
2.59×

Net debt / EBITDA · 0.85× a year ago · the load is going up

Interest cover
5.40×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
48%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2024
$6.10B
Cash and short-term investments
$2.46B
Net debt
$3.65B
EBITDA, trailing twelve months
$1.41B
Operating profit, trailing twelve months
$1.07B
Debt / equity
1.18×
Total debt / EBITDA
4.33×
Annualised volatilitytwo years of daily moves
48%
Worst drawdown on file
−73%
Below its 52-week high
−17%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.