Equinox Historical Balance Sheet

EQX Stock

CAD 7.86 0.19 2.48%

Trend analysis of Equinox Gold Corp balance sheet accounts such as Total Stockholder Equity of 2.6 B or Net Debt of 791 M provides information on Equinox Gold's total assets, liabilities, and equity, which is the actual value of Equinox Gold Corp to its prevalent stockholders. By breaking down trends over time using Equinox Gold balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Equinox Gold Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Equinox Gold Corp is a good buy for the upcoming year.

Equinox Gold Inventory

432.61 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. 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.

About Equinox Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Equinox Gold Corp at a specified time, usually calculated after every quarter, six months, or one year. Equinox Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Equinox Gold and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Equinox currently owns. An asset can also be divided into two categories, current and non-current.

Equinox Gold Balance Sheet Chart

At this time, Equinox Gold's Cash is very stable compared to the past year. As of the 29th of November 2024, Cash And Short Term Investments is likely to grow to about 298.9 M, though Other Stockholder Equity is likely to grow to (11.4 M).

Total Assets Total Current Liabilities Total Stockholder Equity Accounts Payable Cash Liabilities And Stockholders Equity

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Total Assets

Total assets refers to the total amount of Equinox Gold assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Equinox Gold Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Equinox Gold balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Equinox Gold Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Equinox Gold obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Equinox Gold Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of Equinox Gold Corp, which is listed under current asset account on Equinox Gold Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Equinox Gold customers. The amounts must be unrestricted with restricted cash listed in a different Equinox Gold 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.

Liabilities And Stockholders Equity

The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation.

Most accounts from Equinox Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Equinox Gold Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. 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.

	2021	2022	2023	2024 (projected)
Total Current Liabilities	402.6M	271.7M	479.6M	503.6M
Total Assets	4.0B	3.9B	4.4B	4.6B

Total Current Liabilities Total Assets

Equinox Gold balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Other Current Liab	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Inventory	Other Current Assets	Common Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		0.98	1.0	0.92	0.84	0.98	0.87	0.89	0.97	0.99	0.23	0.99	0.97	0.97	0.99	1.0	0.93	0.92	0.98	0.96	0.97	1.0	1.0	0.99	0.98	0.69
Total Current Liabilities	0.98		0.97	0.92	0.82	0.94	0.81	0.87	0.94	0.96	0.24	0.98	0.95	0.95	0.98	0.97	0.94	0.93	0.96	0.96	0.92	0.96	0.97	0.97	0.96	0.76
Total Stockholder Equity	1.0	0.97		0.9	0.86	0.98	0.87	0.91	0.97	0.97	0.29	0.98	0.98	0.95	0.99	0.99	0.9	0.9	0.97	0.94	0.97	0.99	0.99	0.98	0.96	0.69
Net Debt	0.92	0.92	0.9		0.77	0.85	0.64	0.65	0.87	0.94	-0.12	0.94	0.8	0.96	0.91	0.94	0.95	0.92	0.89	0.96	0.87	0.9	0.94	0.96	0.97	0.5
Retained Earnings	0.84	0.82	0.86	0.77		0.78	0.57	0.73	0.81	0.77	0.23	0.79	0.83	0.72	0.89	0.83	0.67	0.65	0.73	0.78	0.77	0.8	0.83	0.85	0.77	0.47
Accounts Payable	0.98	0.94	0.98	0.85	0.78		0.92	0.94	0.96	0.96	0.36	0.96	0.97	0.95	0.96	0.97	0.91	0.91	0.98	0.9	0.97	0.99	0.96	0.95	0.94	0.73
Cash	0.87	0.81	0.87	0.64	0.57	0.92		0.95	0.86	0.86	0.5	0.85	0.91	0.83	0.81	0.84	0.75	0.78	0.92	0.77	0.91	0.89	0.84	0.8	0.8	0.77
Cash And Short Term Investments	0.89	0.87	0.91	0.65	0.73	0.94	0.95		0.89	0.85	0.62	0.86	0.97	0.8	0.88	0.86	0.74	0.78	0.9	0.77	0.89	0.9	0.86	0.83	0.8	0.84
Common Stock Shares Outstanding	0.97	0.94	0.97	0.87	0.81	0.96	0.86	0.89		0.95	0.29	0.95	0.95	0.93	0.96	0.96	0.9	0.9	0.95	0.91	0.95	0.97	0.96	0.95	0.94	0.7
Non Current Liabilities Total	0.99	0.96	0.97	0.94	0.77	0.96	0.86	0.85	0.95		0.12	1.0	0.93	0.99	0.96	0.99	0.95	0.93	0.99	0.98	0.98	0.99	0.99	0.99	0.99	0.65
Other Stockholder Equity	0.23	0.24	0.29	-0.12	0.23	0.36	0.5	0.62	0.29	0.12		0.15	0.46	0.08	0.26	0.16	0.08	0.18	0.24	0.01	0.21	0.26	0.15	0.1	0.06	0.66
Total Liab	0.99	0.98	0.98	0.94	0.79	0.96	0.85	0.86	0.95	1.0	0.15		0.94	0.99	0.97	0.99	0.95	0.94	0.99	0.98	0.97	0.99	1.0	0.99	0.99	0.68
Total Current Assets	0.97	0.95	0.98	0.8	0.83	0.97	0.91	0.97	0.95	0.93	0.46	0.94		0.89	0.97	0.94	0.84	0.86	0.95	0.88	0.94	0.96	0.94	0.93	0.9	0.8
Net Receivables	0.97	0.95	0.95	0.96	0.72	0.95	0.83	0.8	0.93	0.99	0.08	0.99	0.89		0.94	0.98	0.97	0.96	0.98	0.97	0.95	0.97	0.98	0.98	0.99	0.63
Other Current Liab	0.99	0.98	0.99	0.91	0.89	0.96	0.81	0.88	0.96	0.96	0.26	0.97	0.97	0.94		0.98	0.9	0.9	0.95	0.95	0.94	0.98	0.98	0.98	0.96	0.71
Non Current Assets Total	1.0	0.97	0.99	0.94	0.83	0.97	0.84	0.86	0.96	0.99	0.16	0.99	0.94	0.98	0.98		0.94	0.93	0.98	0.97	0.97	0.99	1.0	1.0	0.99	0.65
Non Currrent Assets Other	0.93	0.94	0.9	0.95	0.67	0.91	0.75	0.74	0.9	0.95	0.08	0.95	0.84	0.97	0.9	0.94		0.98	0.93	0.94	0.88	0.92	0.93	0.93	0.96	0.66
Other Assets	0.92	0.93	0.9	0.92	0.65	0.91	0.78	0.78	0.9	0.93	0.18	0.94	0.86	0.96	0.9	0.93	0.98		0.93	0.9	0.86	0.93	0.92	0.91	0.94	0.71
Common Stock Total Equity	0.98	0.96	0.97	0.89	0.73	0.98	0.92	0.9	0.95	0.99	0.24	0.99	0.95	0.98	0.95	0.98	0.93	0.93		0.95	0.97	0.99	0.98	0.97	0.97	0.72
Inventory	0.96	0.96	0.94	0.96	0.78	0.9	0.77	0.77	0.91	0.98	0.01	0.98	0.88	0.97	0.95	0.97	0.94	0.9	0.95		0.94	0.95	0.98	0.98	0.98	0.61
Other Current Assets	0.97	0.92	0.97	0.87	0.77	0.97	0.91	0.89	0.95	0.98	0.21	0.97	0.94	0.95	0.94	0.97	0.88	0.86	0.97	0.94		0.98	0.97	0.96	0.96	0.63
Common Stock	1.0	0.96	0.99	0.9	0.8	0.99	0.89	0.9	0.97	0.99	0.26	0.99	0.96	0.97	0.98	0.99	0.92	0.93	0.99	0.95	0.98		0.99	0.98	0.97	0.7
Property Plant And Equipment Net	1.0	0.97	0.99	0.94	0.83	0.96	0.84	0.86	0.96	0.99	0.15	1.0	0.94	0.98	0.98	1.0	0.93	0.92	0.98	0.98	0.97	0.99		1.0	0.99	0.65
Property Plant And Equipment Gross	0.99	0.97	0.98	0.96	0.85	0.95	0.8	0.83	0.95	0.99	0.1	0.99	0.93	0.98	0.98	1.0	0.93	0.91	0.97	0.98	0.96	0.98	1.0		0.99	0.62
Short Long Term Debt Total	0.98	0.96	0.96	0.97	0.77	0.94	0.8	0.8	0.94	0.99	0.06	0.99	0.9	0.99	0.96	0.99	0.96	0.94	0.97	0.98	0.96	0.97	0.99	0.99		0.61
Current Deferred Revenue	0.69	0.76	0.69	0.5	0.47	0.73	0.77	0.84	0.7	0.65	0.66	0.68	0.8	0.63	0.71	0.65	0.66	0.71	0.72	0.61	0.63	0.7	0.65	0.62	0.61

Click cells to compare fundamentals

Equinox Gold Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 1.0	Total Liab

High Negative Relationship

Other Stockholder Equity

- 0.12

Net Debt

Equinox Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	839.4M	2.7B	4.0B	3.9B	4.4B	4.6B
Total Current Liabilities	131.9M	222.7M	402.6M	271.7M	479.6M	503.6M
Total Stockholder Equity	403.1M	1.4B	2.6B	2.4B	2.4B	2.6B
Net Debt	196.3M	210.3M	262.1M	641.3M	753.4M	791.0M
Retained Earnings	(130.6M)	(109.9M)	446.6M	327.6M	348.5M	366.0M
Accounts Payable	45.1M	99.2M	136.7M	122.5M	112.8M	118.4M
Cash	67.7M	344.9M	305.5M	200.8M	192.0M	201.6M
Cash And Short Term Investments	68.7M	344.9M	546.0M	237.6M	284.7M	298.9M
Common Stock Shares Outstanding	112.0M	218.4M	333.7M	304.0M	316.3M	332.1M
Liabilities And Stockholders Equity	839.4M	2.7B	4.0B	3.9B	4.4B	4.6B
Non Current Liabilities Total	304.4M	1.0B	979.5M	1.2B	1.4B	1.5B
Other Stockholder Equity	28.0M	38.8M	132.0M	(10.5M)	(12.0M)	(11.4M)
Total Liab	436.3M	1.2B	1.4B	1.5B	1.9B	2.0B
Total Current Assets	148.7M	646.0M	1.2B	655.1M	834.0M	875.7M
Net Receivables	31.8M	55.9M	50.3M	76.1M	82.3M	86.4M
Other Current Liab	25.3M	78.8M	185.8M	149.2M	188.6M	198.1M
Non Current Assets Total	690.7M	2.0B	2.8B	3.2B	3.5B	3.7B
Non Currrent Assets Other	171.8M	146.4M	148.6M	207.7M	261.9M	275.0M
Other Assets	171.8M	146.4M	178.6M	210.0M	241.5M	253.5M
Common Stock Total Equity	383.3M	491.1M	505.7M	1.5B	1.7B	1.8B
Inventory	46.3M	208.3M	201.6M	265.1M	412.0M	432.6M
Other Current Assets	1.9M	35.7M	33.5M	40.0M	37.3M	39.1M
Common Stock	505.7M	1.5B	2.0B	2.0B	2.1B	2.2B
Property Plant And Equipment Net	511.7M	1.9B	2.5B	2.8B	3.2B	3.4B
Property Plant And Equipment Gross	511.7M	1.9B	2.8B	3.3B	4.0B	4.2B
Short Long Term Debt Total	264.9M	555.2M	567.6M	842.1M	945.4M	992.6M
Accumulated Other Comprehensive Income	28.0M	38.8M	132.0M	(10.5M)	8.3M	7.9M
Short Term Debt	61.6M	13.3M	26.7M	1.1M	138.6M	145.5M
Net Tangible Assets	403.1M	1.4B	2.6B	2.4B	2.7B	2.8B
Short Term Investments	988K	3.1M	240.5M	36.9M	92.7M	46.5M
Property Plant Equipment	511.7M	1.9B	2.5B	2.8B	3.3B	3.4B
Other Liab	101.0M	460.4M	438.5M	381.0M	438.1M	238.1M
Long Term Debt Total	203.3M	531.9M	514.0M	842.1M	968.4M	1.0B
Long Term Investments	7.2M	22.3M	123.9M	153.1M	29.3M	46.2M
Cash And Equivalents	67.7M	344.9M	305.5M	200.8M	230.9M	171.0M
Long Term Debt	202.5M	531.9M	514.0M	828.0M	786.4M	479.8M
Net Invested Capital	667.1M	2.0B	3.1B	3.2B	3.4B	2.1B
Short Long Term Debt	61.6M	13.3M	26.7M	138.6M	159.4M	167.4M

Pair Trading with Equinox Gold

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 Equinox Gold 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 Equinox Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Equinox Stock

0.32

BRK

Berkshire Hathaway CDR

Pair Corr

The ability to find closely correlated positions to Equinox Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinox Gold 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 Equinox Gold - 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 Equinox Gold Corp to buy it.

The correlation of Equinox Gold 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 Equinox Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinox Gold Corp 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 Equinox Gold 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 Equinox Gold Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equinox Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Equinox Gold Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equinox Gold Corp Stock:

How To Invest In Equinox

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Is Equinox Stock a good investment?

Details

What is Equinox Gold's Net Worth?

Details

Largest Metals & Mining Companies

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You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Please note, there is a significant difference between Equinox Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinox Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinox Gold'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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Equinox Historical Balance Sheet

Equinox Gold Inventory

432.61 Million

About Equinox Balance Sheet Analysis

Equinox Gold Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Accounts Payable

Cash

Liabilities And Stockholders Equity

Equinox Gold balance sheet Correlations

Equinox Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equinox Gold balance sheet Accounts

Pair Trading with Equinox Gold

Moving against Equinox Stock

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