SSR Mining (TSX:SSRM) Interest Expense : C$-22 Mil (TTM As of Mar. 2024)

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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 Mar. 2024 was C$ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was C$-22 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 Mar. 2024 was C$ 35 Mil. SSR Mining's Interest Expense for the three months ended in Mar. 2024 was C$ -6 Mil. SSR Mining's Interest Coverage for the quarter that ended in Mar. 2024 was 5.59. 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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-16.82

-17.77

-24.44

-25.97

-22.29

SSR Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6.92	-6.59	-5.52	-3.38	-6.30

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-22 Mil.

SSR Mining (TSX: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 Mar. 2024 was C$-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was C$35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was C$423 Mil.

SSR Mining's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	35.219	/	-6.301
	=	5.59

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

SSR Mining (TSX:SSRM) Business Description

Industry

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

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Traded in Other Exchanges

SSRM:USA ZSV:Germany 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.

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