Equinox Historical Cash Flow
| EQX Stock | CAD 7.67 0.05 0.65% |
Analysis of Equinox Gold cash flow over time is an excellent tool to project Equinox Gold Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 549.5 M or Total Cash From Operating Activities of 376.4 M as it is a great indicator of Equinox Gold ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About Equinox Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Equinox balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Equinox's non-liquid assets can be easily converted into cash.
Equinox Gold Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most accounts from Equinox Gold's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement 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 cash flow statement 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. At this time, Equinox Gold's Stock Based Compensation is very stable compared to the past year. As of the 27th of November 2024, Depreciation is likely to grow to about 226.9 M, though Change In Cash is likely to grow to (8.3 M).
Equinox Gold cash flow statement Correlations
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Equinox Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinox Gold cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 6.9M | 277.2M | (34.9M) | (109.3M) | (8.8M) | (8.3M) | |
| Free Cash Flow | (37.9M) | 43.6M | (23.4M) | (500.6M) | (164.8M) | (156.6M) | |
| Change In Working Capital | (16.4M) | (15.2M) | 56.7M | (87.8M) | (169.0M) | (160.5M) | |
| Begin Period Cash Flow | 60.8M | 67.7M | 344.9M | 310.1M | 200.8M | 210.8M | |
| Other Non Cash Items | (1.7M) | 4.8M | (8.4M) | 242.7M | 512.7M | 538.3M | |
| Capital Expenditures | 97.6M | 172.9M | 344.2M | 557.1M | 523.3M | 549.5M | |
| Total Cash From Operating Activities | 59.7M | 216.5M | 320.8M | 56.5M | 358.5M | 376.4M | |
| Net Income | (20.3M) | 20.7M | 554.9M | (106.0M) | 28.9M | 25.4M | |
| Total Cash From Financing Activities | 57.0M | 190.1M | (1.6M) | 254.3M | 92.5M | 59.3M | |
| End Period Cash Flow | 67.7M | 344.9M | 310.1M | 200.8M | 192.0M | 201.6M | |
| Other Cashflows From Financing Activities | 193.9M | 703.1M | (5.8M) | 284.3M | 379.4M | 398.4M | |
| Sale Purchase Of Stock | 0.0 | 211.5M | 77.2M | 18.7M | 21.5M | 20.4M | |
| Stock Based Compensation | 5.6M | 8.1M | 7.3M | 3.6M | 11.6M | 12.2M | |
| Depreciation | 85.9M | 177.2M | (269.9M) | 188.8M | 216.1M | 226.9M | |
| Change To Account Receivables | (4.2M) | (15.2M) | (3.8M) | (14.4M) | (27.1M) | (25.7M) | |
| Change To Inventory | (36.5M) | 20.5M | 20.2M | (69.6M) | (165.7M) | (157.4M) | |
| Investments | (111.3M) | (129.4M) | (40.9M) | (419.0M) | (404.1M) | (383.9M) | |
| Net Borrowings | 52.3M | (34.0M) | (55.3M) | 262.6M | 302.0M | 317.1M | |
| Total Cashflows From Investing Activities | (111.3M) | (129.3M) | (347.6M) | (419.0M) | (377.1M) | (358.2M) | |
| Other Cashflows From Investing Activities | (14.5M) | (5.7M) | (10.3M) | 138.1M | 158.8M | 166.7M | |
| Change To Netincome | 55.4M | 59.1M | (488.9M) | 61.5M | 55.3M | 58.1M | |
| Change To Liabilities | 24.3M | (20.5M) | 37.4M | (2.7M) | (3.1M) | (2.9M) |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.