Equinox Invested Capital vs Free Cash Flow Yield Analysis

EQX Stock

CAD 7.86 0.19 2.48%

Equinox Gold financial indicator trend analysis is much more than just examining Equinox Gold Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equinox Gold Corp is a good investment. Please check the relationship between Equinox Gold Invested Capital and its Free Cash Flow Yield accounts. 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.

Invested Capital vs Free Cash Flow Yield

Invested Capital vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equinox Gold Corp Invested Capital account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Equinox Gold's Invested Capital and Free Cash Flow Yield is -0.02. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Equinox Gold Corp, assuming nothing else is changed. The correlation between historical values of Equinox Gold's Invested Capital and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Equinox Gold Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Invested Capital i.e., Equinox Gold's Invested Capital and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Equinox Gold Corp. There are two different methods for calculating Equinox Gold Corp invested capital: operating approach and financing approach. Understanding Equinox Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Equinox Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

At this time, Equinox Gold's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Issuance Of Capital Stock is likely to grow to about 34.3 M, though Discontinued Operations is likely to grow to (23.5 M).

	2021	2022	2023	2024 (projected)
Total Revenue	1.1B	952.2M	1.1B	590.4M
Interest Income	38.7M	5.6M	11.7M	18.8M

Total Revenue Interest Income

Equinox Gold fundamental ratios 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 fundamental ratios 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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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.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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.

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Equinox Invested Capital vs Free Cash Flow Yield Analysis

Invested Capital vs Free Cash Flow Yield

Invested Capital vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Invested Capital

Free Cash Flow Yield

Equinox Gold fundamental ratios Correlations

Equinox Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equinox Gold fundamental ratios Accounts

Pair Trading with Equinox Gold

Moving against Equinox Stock

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