SSR Mining (ASX:SSR) Debt-to-Equity : 0.11 (As of Sep. 2024)

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What is SSR Mining Debt-to-Equity?

SSR Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$26 Mil. SSR Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was A$480 Mil. SSR Mining's Total Stockholders Equity for the quarter that ended in Sep. 2024 was A$4,579 Mil. SSR Mining's debt to equity for the quarter that ended in Sep. 2024 was 0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for SSR Mining's Debt-to-Equity or its related term are showing as below:

ASX:SSR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: 0.48
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of SSR Mining was 0.48. The lowest was 0.09. And the median was 0.23.

ASX:SSR's Debt-to-Equity is ranked better than
53.39% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASX:SSR: 0.11

SSR Mining Debt-to-Equity Historical Data

The historical data trend for SSR Mining's Debt-to-Equity 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.

* Premium members only.

SSR Mining Debt-to-Equity Chart

SSR Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.25

0.17

0.14

0.11

0.10

SSR Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.10	0.10	0.10	0.11

Competitive Comparison of SSR Mining's Debt-to-Equity

For the Gold subindustry, SSR Mining's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SSR Mining's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SSR Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SSR Mining's Debt-to-Equity falls into.

SSR Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SSR Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(10.488	+	468.604)	/	5039.382
	=	0.10

SSR Mining's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(25.567	+	479.759)	/	4579.068
	=	0.11

SSR Mining (ASX:SSR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

SSR Mining Debt-to-Equity Related Terms

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SSR Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SSR Mining Inc (ASX:SSR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SSRGF:USA SSRM:USA 0VGE:UK ZSV1:Germany ZSV:Germany ZSV:Germany SSRM:Canada

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 key 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.