Equinox Gold Corp Stock Total Debt
| EQX Stock | CAD 7.67 0.05 0.65% |
Equinox Gold Corp fundamentals help investors to digest information that contributes to Equinox Gold's financial success or failures. It also enables traders to predict the movement of Equinox Stock. The fundamental analysis module provides a way to measure Equinox Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Equinox Gold stock.
As of the 26th of November 2024, Total Debt To Capitalization is likely to grow to 0.32. Equinox | Total Debt |
Equinox Gold Corp Company Total Debt Analysis
Equinox Gold's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Equinox Gold Total Debt | 945.37 M |
Most of Equinox Gold's fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Equinox Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Equinox Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Equinox Gold is extremely important. It helps to project a fair market value of Equinox Stock properly, considering its historical fundamentals such as Total Debt. Since Equinox Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Equinox Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Equinox Gold's interrelated accounts and indicators.
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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Equinox Net Debt
Net Debt |
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Based on the latest financial disclosure, Equinox Gold Corp has a Total Debt of 945.37 M. This is 54.24% lower than that of the Metals & Mining sector and 14.54% higher than that of the Materials industry. The total debt for all Canada stocks is 82.22% higher than that of the company.
Equinox Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Equinox Gold's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Equinox Gold could also be used in its relative valuation, which is a method of valuing Equinox Gold by comparing valuation metrics of similar companies.Equinox Gold is currently under evaluation in total debt category among its peers.
Equinox Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Equinox Gold from analyzing Equinox Gold's financial statements. These drivers represent accounts that assess Equinox Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Equinox Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 862.4M | 2.2B | 1.9B | 997.1M | 1.5B | 1.6B | |
| Enterprise Value | 1.1B | 2.4B | 2.2B | 1.6B | 2.3B | 2.4B |
Equinox Fundamentals
| Return On Equity | 0.0872 | ||||
| Return On Asset | 0.0131 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 5.34 B | ||||
| Shares Outstanding | 455.4 M | ||||
| Shares Owned By Insiders | 6.01 % | ||||
| Shares Owned By Institutions | 61.84 % | ||||
| Number Of Shares Shorted | 9.83 M | ||||
| Price To Book | 0.78 X | ||||
| Price To Sales | 2.84 X | ||||
| Revenue | 1.09 B | ||||
| Gross Profit | 262.67 M | ||||
| EBITDA | 247.41 M | ||||
| Net Income | 28.88 M | ||||
| Cash And Equivalents | 200.77 M | ||||
| Cash Per Share | 2.05 X | ||||
| Total Debt | 945.37 M | ||||
| Debt To Equity | 0.56 % | ||||
| Current Ratio | 3.62 X | ||||
| Book Value Per Share | 7.58 X | ||||
| Cash Flow From Operations | 358.46 M | ||||
| Short Ratio | 12.87 X | ||||
| Earnings Per Share | 0.77 X | ||||
| Target Price | 7.7 | ||||
| Number Of Employees | 3.69 K | ||||
| Beta | 1.19 | ||||
| Market Capitalization | 3.52 B | ||||
| Total Asset | 4.35 B | ||||
| Retained Earnings | 348.55 M | ||||
| Working Capital | 354.36 M | ||||
| Net Asset | 4.35 B |
About Equinox Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Equinox Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Equinox Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Equinox Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
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.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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.