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    SQM  Sociedad Quimica Y Minera S.a.

    Exchange

    NYSE

    Sector

    Basic Industries

    Industry

    Mining & Quarrying of Nonmetallic Minerals (No Fuels)

    Market Cap.

    12.647B

    Weak Balance Sheet

    SQM's financial position is not ideal. The key is to check whether SQM is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Cash 64.05M 67.08M 66.75M 145.58M 183.94M 164.21M 323.92M 545.44M 524.65M 614.25M
    Current Assets 486.56M 534.47M 575.45M 742.78M 845.88M 903.95M 1.34B 1.75B 1.70B 1.96B
    Total Assets 1.32B 1.36B 1.36B 1.64B 1.87B 1.99B 2.57B 3.20B 3.37B 3.87B
    Current Liabilities 98.35M 145.26M 131.24M 428.27M 197.64M 192.42M 445.91M 545.47M 476.84M 629.30M
    Total Liabilities 472.63M 473.50M 412.74M 620.15M 785.25M 803.88M 1.10B 1.74B 1.75B 2.06B
    Stockholder' Equity 849.66M 889.97M 948.63M 1.02B 1.09B 1.18B 1.46B 1.47B - -
    Current Ratio 4.95 3.68 4.38 1.73 4.28 4.70 3.00 3.20 3.56 3.11
    TL-to-TA 0.36 0.35 0.30 0.38 0.42 0.40 0.43 0.54 0.52 0.53

    Consistent Reinvestment of Profits over the past 10 years

    SQM has consistently retained profits. This may put SQM in a strong position to invest for the future, by buying new machinery, investing in R&D or a number of other options. By effectively using these earnings, SQM can greatly improve their long-term economic picture.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Retained Earnings 247.17M 271.17M 320.36M 385.74M 453.37M 541.61M 826.00M 989.23M 1.16B 1.35B
    Retained Earnings Growth - 9.71% 18.14% 20.41% 17.53% 19.46% 52.51% 19.76% 16.77% 17.00%