SSR Mining (SSR Mining) Interest Expense : $-17 Mil (TTM As of Dec. 2023)

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What is SSR Mining Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SSR Mining's interest expense for the three months ended in Dec. 2023 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-17 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SSR Mining's Operating Income for the three months ended in Dec. 2023 was $ 112 Mil. SSR Mining's Interest Expense for the three months ended in Dec. 2023 was $ -3 Mil. SSR Mining's Interest Coverage for the quarter that ended in Dec. 2023 was 44.46. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SSR Mining Interest Expense Historical Data

The historical data trend for SSR Mining's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SSR Mining Interest Expense Chart

SSR Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.77

-13.88

-19.10

-19.12

-16.62

SSR Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-6.01	-5.06	-4.96	-4.08	-2.52

SSR Mining Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17 Mil.

SSR Mining (NAS:SSRM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SSR Mining's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $112 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $314 Mil.

SSR Mining's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	111.9	/	-2.517
	=	44.46

The higher the ratio, the stronger the company's financial strength is.

SSR Mining (SSR Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SSR Mining Inc (NAS:SSRM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ZSV1:Germany ZSV:Germany ZSV:Germany SSRM:Canada SSR:Australia

Address

6900 E. Layton Avenue, Suite 1300, Denver, CO, USA, 80237

Website

https://www.ssrmining.com

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.

Executives

Arthur Michael Anglin	director	20 EL CAMINO REAL, BERKELEY CA 94705
Alison Lynn White	officer: Chief Financial Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
John Ebbett	other: EVP, Growth and Innovation	6900 E. LAYTON AVE. SUITE 1300, DENVER CO 80237
Farid Fady Adel Edward	officer: Chief Corp Development Officer	100 KING STREET WEST, STE 5600, TORONTO A6 M5X 1C9
Russell Farnsworth	officer: Chief Accounting Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Michael John Sparks	officer: Chief Legal & Admin Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Karen A Swager	director	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 1200, TAMPA FL 33602
Rodney Antal	director, officer: President & CEO	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
William K. Macnevin	other: EVP, Ops & Sustainability	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Steward John Beckman	officer: Chief Operating Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Leigh Ann Fisher	director	3930 JACKSON BEND DRIVE, LOUISVILLE TN 37777
Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Alan Krusi	director	AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071
Edward C Dowling	director	19 NEDS POINT ROAD, MATTAPOISETT MA 02739
Brian R Booth	director	4957 EDENDALE COURT, WEST VANCOUVER A1 V7W 3H7