SSR Property Plant And Equipment Net vs Net Debt Analysis

SSRM Stock

CAD 8.23 0.10 1.23%

SSR Mining financial indicator trend analysis is much more than just breaking down SSR Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SSR Mining is a good investment. Please check the relationship between SSR Mining Property Plant And Equipment Net and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.

Property Plant And Equipment Net vs Net Debt

Property Plant And Equipment Net vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SSR Mining Property Plant And Equipment Net account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between SSR Mining's Property Plant And Equipment Net and Net Debt is -0.55. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt in the same time period over historical financial statements of SSR Mining, assuming nothing else is changed. The correlation between historical values of SSR Mining's Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of SSR Mining are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., SSR Mining's Property Plant And Equipment Net and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from SSR Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SSR Mining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.At this time, SSR Mining's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, though Tax Provision is likely to grow to (78.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	574.9M	358.6M	408.8M	429.2M
Total Revenue	1.5B	1.1B	1.4B	1.5B

Gross Profit Total Revenue

SSR Mining fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Short Term Debt	Short Term Investments
Common Stock Shares Outstanding		0.95	0.64	0.94	0.92	-0.66	0.62	0.82	0.72	0.92	0.9	0.69	0.82	0.92	0.95	0.84	-0.26	0.94	0.92	0.96	0.87	0.79	0.61	0.85	-0.2	-0.34
Total Assets	0.95		0.6	1.0	0.99	-0.62	0.69	0.8	0.68	1.0	0.95	0.63	0.77	0.96	0.96	0.85	-0.22	0.97	0.98	0.93	0.94	0.76	0.54	0.81	-0.29	-0.42
Total Current Liabilities	0.64	0.6		0.63	0.54	-0.7	0.43	0.73	0.81	0.55	0.52	0.78	0.58	0.54	0.55	0.5	-0.18	0.66	0.5	0.74	0.51	0.81	0.77	0.5	-0.02	-0.27
Total Stockholder Equity	0.94	1.0	0.63		0.99	-0.65	0.73	0.81	0.71	0.99	0.94	0.66	0.76	0.94	0.95	0.85	-0.19	0.96	0.97	0.94	0.95	0.76	0.54	0.78	-0.26	-0.41
Property Plant And Equipment Net	0.92	0.99	0.54	0.99		-0.55	0.69	0.79	0.62	1.0	0.95	0.55	0.75	0.95	0.97	0.85	-0.23	0.95	0.99	0.89	0.94	0.7	0.51	0.79	-0.35	-0.46
Net Debt	-0.66	-0.62	-0.7	-0.65	-0.55		-0.44	-0.45	-0.94	-0.56	-0.56	-0.89	-0.56	-0.59	-0.51	-0.43	0.33	-0.65	-0.51	-0.8	-0.55	-0.76	-0.36	-0.54	-0.2	0.41
Retained Earnings	0.62	0.69	0.43	0.73	0.69	-0.44		0.56	0.36	0.71	0.71	0.33	0.57	0.47	0.58	0.62	0.08	0.51	0.73	0.56	0.85	0.28	0.18	0.27	-0.18	-0.21
Accounts Payable	0.82	0.8	0.73	0.81	0.79	-0.45	0.56		0.6	0.79	0.75	0.55	0.6	0.76	0.83	0.84	-0.23	0.82	0.78	0.79	0.69	0.73	0.77	0.64	-0.32	-0.34
Cash	0.72	0.68	0.81	0.71	0.62	-0.94	0.36	0.6		0.62	0.6	0.97	0.53	0.7	0.61	0.53	-0.27	0.76	0.56	0.87	0.56	0.93	0.59	0.64	0.1	-0.34
Non Current Assets Total	0.92	1.0	0.55	0.99	1.0	-0.56	0.71	0.79	0.62		0.95	0.55	0.75	0.94	0.96	0.85	-0.21	0.94	0.99	0.89	0.95	0.7	0.5	0.78	-0.34	-0.44
Non Currrent Assets Other	0.9	0.95	0.52	0.94	0.95	-0.56	0.71	0.75	0.6	0.95		0.53	0.79	0.89	0.9	0.89	-0.31	0.89	0.97	0.85	0.96	0.66	0.52	0.75	-0.36	-0.43
Cash And Short Term Investments	0.69	0.63	0.78	0.66	0.55	-0.89	0.33	0.55	0.97	0.55	0.53		0.49	0.66	0.53	0.47	-0.08	0.72	0.49	0.84	0.52	0.92	0.6	0.57	0.25	-0.1
Net Receivables	0.82	0.77	0.58	0.76	0.75	-0.56	0.57	0.6	0.53	0.75	0.79	0.49		0.7	0.76	0.6	-0.33	0.74	0.79	0.77	0.77	0.52	0.46	0.67	-0.04	-0.32
Non Current Liabilities Total	0.92	0.96	0.54	0.94	0.95	-0.59	0.47	0.76	0.7	0.94	0.89	0.66	0.7		0.95	0.81	-0.24	0.99	0.92	0.93	0.83	0.82	0.58	0.87	-0.26	-0.38
Inventory	0.95	0.96	0.55	0.95	0.97	-0.51	0.58	0.83	0.61	0.96	0.9	0.53	0.76	0.95		0.84	-0.28	0.95	0.96	0.89	0.86	0.72	0.56	0.86	-0.38	-0.47
Other Current Assets	0.84	0.85	0.5	0.85	0.85	-0.43	0.62	0.84	0.53	0.85	0.89	0.47	0.6	0.81	0.84		-0.38	0.82	0.86	0.77	0.84	0.64	0.65	0.62	-0.44	-0.4
Other Stockholder Equity	-0.26	-0.22	-0.18	-0.19	-0.23	0.33	0.08	-0.23	-0.27	-0.21	-0.31	-0.08	-0.33	-0.24	-0.28	-0.38		-0.25	-0.26	-0.23	-0.14	-0.21	-0.25	-0.36	0.31	0.78
Total Liab	0.94	0.97	0.66	0.96	0.95	-0.65	0.51	0.82	0.76	0.94	0.89	0.72	0.74	0.99	0.95	0.82	-0.25		0.91	0.96	0.84	0.87	0.64	0.87	-0.24	-0.39
Property Plant And Equipment Gross	0.92	0.98	0.5	0.97	0.99	-0.51	0.73	0.78	0.56	0.99	0.97	0.49	0.79	0.92	0.96	0.86	-0.26	0.91		0.86	0.95	0.64	0.48	0.78	-0.38	-0.46
Total Current Assets	0.96	0.93	0.74	0.94	0.89	-0.8	0.56	0.79	0.87	0.89	0.85	0.84	0.77	0.93	0.89	0.77	-0.23	0.96	0.86		0.83	0.9	0.63	0.82	-0.07	-0.34
Other Assets	0.87	0.94	0.51	0.95	0.94	-0.55	0.85	0.69	0.56	0.95	0.96	0.52	0.77	0.83	0.86	0.84	-0.14	0.84	0.95	0.83		0.59	0.4	0.63	-0.3	-0.35
Short Long Term Debt Total	0.79	0.76	0.81	0.76	0.7	-0.76	0.28	0.73	0.93	0.7	0.66	0.92	0.52	0.82	0.72	0.64	-0.21	0.87	0.64	0.9	0.59		0.74	0.74	-0.07	-0.28
Other Current Liab	0.61	0.54	0.77	0.54	0.51	-0.36	0.18	0.77	0.59	0.5	0.52	0.6	0.46	0.58	0.56	0.65	-0.25	0.64	0.48	0.63	0.4	0.74		0.57	-0.1	-0.09
Current Deferred Revenue	0.85	0.81	0.5	0.78	0.79	-0.54	0.27	0.64	0.64	0.78	0.75	0.57	0.67	0.87	0.86	0.62	-0.36	0.87	0.78	0.82	0.63	0.74	0.57		-0.27	-0.44
Short Term Debt	-0.2	-0.29	-0.02	-0.26	-0.35	-0.2	-0.18	-0.32	0.1	-0.34	-0.36	0.25	-0.04	-0.26	-0.38	-0.44	0.31	-0.24	-0.38	-0.07	-0.3	-0.07	-0.1	-0.27		0.57
Short Term Investments	-0.34	-0.42	-0.27	-0.41	-0.46	0.41	-0.21	-0.34	-0.34	-0.44	-0.43	-0.1	-0.32	-0.38	-0.47	-0.4	0.78	-0.39	-0.46	-0.34	-0.35	-0.28	-0.09	-0.44	0.57

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SSR Mining Account Relationship Matchups

SSR Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	122.7M	164.4M	228.2M	222.5M	204.7M	214.9M
Total Assets	1.8B	5.2B	5.2B	5.3B	5.4B	5.7B
Total Current Liabilities	234.2M	248.9M	283.9M	279.3M	170.6M	98.2M
Total Stockholder Equity	1.1B	3.4B	3.5B	3.6B	3.4B	3.5B
Property Plant And Equipment Net	769.5M	3.6B	3.2B	3.5B	3.9B	4.1B
Net Debt	(219.6M)	(347.3M)	(529.9M)	(248.9M)	(171.7M)	(163.1M)
Retained Earnings	(76.0M)	58.5M	397.7M	521.8M	368.1M	386.5M
Accounts Payable	33.6M	42.9M	34.8M	78.9M	37.1M	38.9M
Cash	503.6M	860.6M	1.0B	655.5M	492.4M	264.1M
Non Current Assets Total	850.4M	3.8B	3.6B	3.9B	4.2B	4.4B
Non Currrent Assets Other	30.1M	192.4M	298.2M	276.7M	287.8M	302.2M
Cash And Short Term Investments	570.1M	887.4M	1.1B	695.7M	513.3M	312.1M
Net Receivables	71.8M	38.5M	86.1M	62.6M	91.3M	95.9M
Liabilities And Stockholders Equity	1.8B	5.2B	5.2B	5.3B	5.4B	5.7B
Non Current Liabilities Total	382.0M	1.1B	875.0M	849.2M	911.0M	956.5M
Inventory	237.6M	437.4M	389.4M	501.6M	515.1M	540.9M
Other Current Assets	4.7M	61.7M	66.8M	116.5M	76.7M	80.5M
Total Liab	616.2M	1.3B	1.2B	1.1B	1.1B	1.1B
Property Plant And Equipment Gross	769.5M	3.6B	4.2B	4.7B	5.2B	5.5B
Total Current Assets	899.7M	1.4B	1.6B	1.4B	1.2B	1.3B
Other Assets	31.2M	197.0M	299.1M	260.6M	299.7M	314.7M
Short Long Term Debt Total	293.0M	513.4M	487.6M	406.6M	320.7M	199.6M
Other Current Liab	86.3M	120.0M	110.7M	176.3M	110.1M	58.6M
Short Term Debt	114.3M	76.5M	86.2M	7.6M	7.0M	6.7M
Short Term Investments	66.5M	26.7M	40.4M	40.3M	20.9M	19.9M
Common Stock Total Equity	1.0B	1.1B	1.1B	3.2B	3.7B	3.9B
Common Stock	1.1B	3.2B	3.1B	3.1B	3.0B	1.7B
Other Liab	208.9M	619.5M	468.1M	503.3M	578.8M	607.7M
Net Tangible Assets	1.1B	3.4B	3.5B	3.5B	4.1B	4.3B
Long Term Debt	175.4M	319.6M	295.5M	226.5M	227.5M	253.8M
Property Plant Equipment	769.5M	3.6B	3.3B	3.6B	4.1B	4.3B
Long Term Debt Total	178.7M	436.7M	401.5M	328.9M	378.3M	310.0M
Net Invested Capital	1.4B	3.8B	3.9B	3.9B	3.6B	3.0B
Net Working Capital	665.5M	1.2B	1.3B	1.1B	1.0B	1.0B

Pair Trading with SSR Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SSR Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SSR Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with SSR Stock

0.89	AG	First Majestic Silver	Pair Corr
0.67	IE	Ivanhoe Energy	Pair Corr
0.65	FDY	Faraday Copper Corp	Pair Corr

Moving against SSR Stock

0.46

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to SSR Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSR Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SSR Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SSR Mining to buy it.

The correlation of SSR Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SSR Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SSR Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for SSR Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether SSR Mining is a strong investment it is important to analyze SSR Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SSR Mining's future performance. For an informed investment choice regarding SSR Stock, refer to the following important reports:

How To Invest In SSR

Details

Is SSR Stock a good investment?

Details

What is SSR Mining's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Please note, there is a significant difference between SSR Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if SSR Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SSR Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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SSR Property Plant And Equipment Net vs Net Debt Analysis

Property Plant And Equipment Net vs Net Debt

Property Plant And Equipment Net vs Net Debt Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Net Debt

SSR Mining fundamental ratios Correlations

SSR Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SSR Mining fundamental ratios Accounts

Pair Trading with SSR Mining

Moving together with SSR Stock

Moving against SSR Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Cash	- 0.94	Net Debt
Cash And Short Term Investments	- 0.89	Net Debt
Total Current Assets	- 0.8	Net Debt
Short Long Term Debt Total	- 0.76	Net Debt
Net Debt	- 0.7	Total Current Liabilities
Net Debt	- 0.66	Common Stock Shares Outstanding