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SSR Mining (SSR Mining) Effective Interest Rate on Debt % : 5.81% (As of Mar. 2024)


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What is SSR Mining Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. SSR Mining's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $19 Mil. SSR Mining's average total debt for the quarter that ended in Mar. 2024 was $320 Mil. Therefore, SSR Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.81%.


SSR Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for SSR Mining's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

SSR Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.77 3.30 3.67 4.28 4.57

SSR Mining Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.10 5.24 4.65 3.08 5.81

Competitive Comparison of SSR Mining's Effective Interest Rate on Debt %

For the Gold subindustry, SSR Mining's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SSR Mining's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SSR Mining's Effective Interest Rate on Debt % falls into.



SSR Mining Effective Interest Rate on Debt % Calculation

SSR Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -16.616/( (406.589+320.677)/ 2 )
=-1  *  -16.616/363.633
=4.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=328.944 + 77.645
=406.589

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=313.657 + 7.02
=320.677

SSR Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -18.62/( (320.677+319.931)/ 2 )
=-1  *  -18.62/320.304
=5.81 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=313.657 + 7.02
=320.677

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=312.777 + 7.154
=319.931

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


SSR Mining  (NAS:SSRM) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


SSR Mining Effective Interest Rate on Debt % Related Terms

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SSR Mining (SSR Mining) Business Description

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