SSR Cash vs Other Current Assets Analysis
SSRM Stock | USD 5.48 0.07 1.29% |
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 Cash and its Other Current Assets 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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.
Cash vs Other Current Assets
Cash vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SSR Mining Cash account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between SSR Mining's Cash and Other Current Assets is 0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets 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 Cash and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of SSR Mining are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., SSR Mining's Cash and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of SSR Mining, which is listed under current asset account on SSR Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from SSR Mining customers. The amounts must be unrestricted with restricted cash listed in a different SSR Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. 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 15th of May 2024, Tax Provision is likely to grow to about 16.5 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 574.9M | 358.6M | 347.4M | 364.8M | Total Revenue | 1.5B | 1.1B | 1.5B | 1.5B |
SSR Mining fundamental ratios Correlations
Click cells to compare fundamentals
SSR Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SSR Mining fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 5.2B | 5.2B | 5.3B | 5.4B | 5.6B | |
Other Current Liab | 3.5M | 3.8M | 4.1M | 120.8M | 109.5M | 115.0M | |
Total Current Liabilities | 234.2M | 248.9M | 283.9M | 279.3M | 169.7M | 88.4M | |
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 | 4.0B | |
Net Debt | (219.6M) | (347.3M) | (529.9M) | (248.9M) | (170.9M) | (162.4M) | |
Retained Earnings | (76.0M) | 58.5M | 397.7M | 521.8M | 366.2M | 384.5M | |
Cash | 503.6M | 860.6M | 1.0B | 655.5M | 490.0M | 256.8M | |
Non Current Assets Total | 850.4M | 3.8B | 3.6B | 3.9B | 4.2B | 4.4B | |
Cash And Short Term Investments | 570.1M | 887.4M | 1.1B | 695.7M | 510.8M | 302.8M | |
Net Receivables | 71.8M | 83.5M | 121.4M | 117.7M | 141.5M | 148.5M | |
Common Stock Total Equity | 1.1B | 3.2B | 3.1B | 3.1B | 3.5B | 3.7B | |
Common Stock Shares Outstanding | 122.7M | 163.7M | 228.2M | 222.5M | 204.7M | 214.9M | |
Liabilities And Stockholders Equity | 1.8B | 5.2B | 5.2B | 5.3B | 5.4B | 5.6B | |
Other Current Assets | 4.7M | 16.3M | 31.5M | 27.8M | 25.6M | 26.9M | |
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 | 1.2B | |
Common Stock | 1.1B | 3.2B | 3.1B | 3.1B | 3.0B | 3.1B | |
Accounts Payable | 33.6M | 42.6M | 34.8M | 78.9M | 36.9M | 19.1M | |
Non Currrent Assets Other | 30.1M | 192.4M | 298.2M | 276.7M | 292.5M | 307.1M | |
Non Current Liabilities Total | 382.0M | 1.1B | 875.0M | 849.2M | 906.3M | 951.7M | |
Inventory | 237.6M | 437.4M | 389.4M | 501.6M | 512.5M | 538.1M | |
Other Assets | 31.2M | 197.0M | 306.7M | 260.6M | 1.0 | 0.95 | |
Short Long Term Debt Total | 284.0M | 513.4M | 487.6M | 406.6M | 319.0M | 204.5M | |
Other Liab | 208.9M | 619.5M | 473.6M | 503.3M | 578.8M | 607.7M | |
Net Tangible Assets | 1.1B | 3.4B | 3.5B | 3.6B | 4.1B | 4.3B | |
Long Term Debt | 169.8M | 319.6M | 295.5M | 226.5M | 227.5M | 143.1M | |
Short Term Investments | 66.5M | 26.7M | 40.4M | 40.3M | 20.8M | 19.8M | |
Property Plant Equipment | 769.5M | 3.6B | 3.2B | 3.6B | 4.1B | 4.3B |
Currently Active Assets on Macroaxis
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: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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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When running SSR Mining's price analysis, check to measure SSR Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SSR Mining is operating at the current time. Most of SSR Mining's value examination focuses on studying past and present price action to predict the probability of SSR Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SSR Mining's price. Additionally, you may evaluate how the addition of SSR Mining to your portfolios can decrease your overall portfolio volatility.
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Is SSR Mining's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SSR Mining. If investors know SSR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SSR Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.32 | Dividend Share 0.21 | Earnings Share (2.04) | Revenue Per Share 6.594 | Quarterly Revenue Growth (0.27) |
The market value of SSR Mining is measured differently than its book value, which is the value of SSR that is recorded on the company's balance sheet. Investors also form their own opinion of SSR Mining's value that differs from its market value or its book value, called intrinsic value, which is SSR Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SSR Mining's market value can be influenced by many factors that don't directly affect SSR Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.