Exhibit 15.1
Ratios
Liquid financial assets to total assets
|
At December 31, |
|||
|
Thousands of U.S. dollars |
2025 |
2024 |
2023 |
|
Cash and cash equivalents |
572,647 |
675,256 |
1,637,821 |
|
Other current investments |
2,306,760 |
2,372,999 |
1,969,631 |
|
Non-current investments |
750,957 |
998,251 |
398,220 |
|
Liquid financial assets |
3,630,364 |
4,046,506 |
4,005,672 |
|
Total assets |
20,072,313 |
20,450,125 |
21,081,895 |
|
Ratio |
0.18 |
0.20 |
0.19 |
Total liabilities to total assets ratio
|
At December 31, |
||||
|
Thousands of U.S. dollars |
2025 |
2024 |
2023 |
|
|
Total liabilities |
3,243,245 |
3,636,290 |
4,051,458 |
|
|
Total assets |
20,072,313 |
20,450,125 |
21,081,895 |
|
|
Ratio |
0.16 |
0.18 |
0.19 |
|
Current borrowings to total borrowings
|
At December 31, |
|||
|
Thousands of U.S. dollars |
2025 |
2024 |
2023 |
|
Current borrowings |
305,354 |
425,999 |
535,133 |
|
Total borrowings |
305,722 |
437,398 |
583,437 |
|
Ratio |
1.00 |
0.97 |
0.92 |