SSR Mining (SSRM.TO) Debt Metrics
Market Cap: $3.04B
Avg Volume: 503.93K
Industry: Gold
Sector: Basic Materials
How much debt does SSR Mining have?
According to SSR Mining's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
SSR Mining's total debt stands at $345.18M. This is broken down into:
- Long-term debt: $327.73M
- Short-term debt: $17.45M
The company's net debt, which accounts for cash and cash equivalents, is $-42.70M. In terms of overall financial obligations, SSR Mining's total liabilities amount to $1.24B.
Debt Ratios and Metrics
To better understand SSR Mining's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.08 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 6.28% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -24.74 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 7.28% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 7.62% - this indicates the total debt in the company's capital structure.
These metrics provide insight into SSR Mining's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$345.18M
Long-term Debt
$327.73M
Short-term Debt
$17.45M
Net Debt
$-42.70M
Total Liabilities
$1.24B
Interest Coverage
-24.74
Debt to Equity Ratio
0.08
Debt Ratio
6.28%
SSR Mining Historical Debt Metrics
SSR Mining Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $345.18M | $327.73M | $17.45M | $-42.70M | $1.24B | 0.08 | 6.28% | -24.74 | 7.28% | 7.62% |
| 2023 | $320.68M | $313.66M | $7.02M | $-171.72M | $1.08B | 0.10 | 5.95% | -13.15 | 6.32% | 8.68% |
| 2022 | $406.59M | $328.94M | $7.64M | $-248.86M | $1.13B | 0.11 | 7.74% | 9.95 | 5.95% | 10.20% |
| 2021 | $487.63M | $401.46M | $86.17M | $-529.94M | $1.16B | 0.14 | 9.36% | 23.27 | 7.71% | 12.11% |
| 2020 | $513.38M | $476.16M | $76.55M | $-347.25M | $1.31B | 0.15 | 9.79% | 10.18 | 9.67% | 13.03% |
| 2019 | $284.05M | $173.12M | $114.73M | $-219.60M | $616.15M | 0.25 | 16.23% | 4.78 | 13.39% | 20.03% |
| 2018 | $247.55M | $247.55M | $- | $-171.66M | $515.16M | 0.25 | 16.27% | 2.16 | 20.26% | 20.26% |
| 2017 | $233.18M | $233.18M | $- | $-226.68M | $513.53M | 0.23 | 15.17% | 6.65 | 18.90% | 18.90% |
| 2016 | $220.05M | $220.05M | $- | $-107.07M | $536.81M | 0.24 | 15.30% | 13.85 | 19.61% | 19.61% |
| 2015 | $212.36M | $208.09M | $4.27M | $496.00K | $424.49M | 0.47 | 24.36% | -7.83 | 31.76% | 32.20% |
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