Potash Corp. of Saskatchewan Inc. (POT) | Analysis of Debt

Total Debt Disclosure

You have visited 10 password protected pages for free. Others contain data covered by .

Potash Corp. of Saskatchewan Inc., Statement of Financial Position, Debt

USD $ in thousands

		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Short-term debt and current portion of long-term debt
	Long-term debt (excluding current portion)
	Total debt

Item	Description	The company
Total debt	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Potash Corp. of Saskatchewan Inc.'s total debt increased from 2008 to 2009 and from 2009 to 2010.

You have visited 10 password protected pages for free. Others contain data covered by .

Potash Corp. of Saskatchewan Inc.

USD $ in thousands

	12 months ended	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Interest expense on debt
	Interest capitalized to property, plant and equipment
	Interest costs incurred

Source: Based on data from Potash Corp. of Saskatchewan Inc., Annual Reports

Item	Description	The company
Interest expense on debt	Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings.	Potash Corp. of Saskatchewan Inc.'s interest expense on debt increased from 2008 to 2009 but then slightly declined from 2009 to 2010.
Interest capitalized to property, plant and equipment	The amount of interest that was capitalized during the period.	Potash Corp. of Saskatchewan Inc.'s interest capitalized to property, plant and equipment increased from 2008 to 2009 and from 2009 to 2010.
Interest costs incurred	Total interest costs incurred during the period and either capitalized or charged against earnings.	Potash Corp. of Saskatchewan Inc.'s interest costs incurred increased from 2008 to 2009 and from 2009 to 2010.

You have visited 10 password protected pages for free. Others contain data covered by .

		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Selected Financial Data (USD $ in thousands)
	Net income
	Add: Interest expense on debt
	Add: Income tax expense (benefit)
	Earnings before interest and tax (EBIT)

	Interest costs incurred
	Ratio With and Without Capitalized Interest
	Interest coverage ratio (excluding capitalized interest)¹
	Adjusted interest coverage ratio (including capitalized interest)²

2010 Calculations

¹ Interest coverage ratio (excluding capitalized interest) = EBIT ÷ Interest expense on debt
= ÷ =

² Adjusted interest coverage ratio (including capitalized interest) = EBIT ÷ Interest costs incurred
= ÷ =

Ratio	Description	The company
Adjusted interest coverage ratio	A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest).	Potash Corp. of Saskatchewan Inc.'s adjusted interest coverage ratio deteriorated from 2008 to 2009 but then slightly improved from 2009 to 2010.