Equinox Common Stock Total Equity vs Total Liab Analysis

EQX Stock

CAD 8.99 0.41 4.78%

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 Common Stock Total Equity and its Total Liab 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.

Common Stock Total Equity vs Total Liab

Common Stock Total Equity vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equinox Gold Corp Common Stock Total Equity account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Equinox Gold's Common Stock Total Equity and Total Liab is 0.97. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Liab 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 Common Stock Total Equity and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Equinox Gold Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Common Stock Total Equity i.e., Equinox Gold's Common Stock Total Equity and Total Liab go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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 31st of January 2025, Issuance Of Capital Stock is likely to grow to about 34.3 M, though Discontinued Operations is likely to grow to (23.5 M).

	2022	2023	2024	2025 (projected)
Total Revenue	952.2M	1.1B	1.3B	1.3B
Interest Income	5.6M	11.7M	13.4M	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	0.94	0.87	0.98	0.87	0.9	0.97	0.99	0.1	0.99	0.97	0.98	0.99	1.0	0.95	0.93	0.98	0.97	0.98	1.0	1.0	0.99	0.98	0.82
Total Current Liabilities	0.98		0.97	0.94	0.86	0.94	0.81	0.87	0.95	0.97	0.09	0.98	0.95	0.96	0.99	0.98	0.96	0.93	0.94	0.98	0.93	0.97	0.98	0.98	0.97	0.89
Total Stockholder Equity	1.0	0.97		0.92	0.89	0.98	0.87	0.91	0.97	0.98	0.16	0.98	0.98	0.96	0.99	0.99	0.92	0.92	0.97	0.95	0.97	1.0	0.99	0.98	0.97	0.82
Net Debt	0.94	0.94	0.92		0.82	0.88	0.68	0.7	0.9	0.96	-0.2	0.96	0.84	0.97	0.94	0.96	0.96	0.91	0.89	0.98	0.9	0.93	0.96	0.97	0.98	0.71
Retained Earnings	0.87	0.86	0.89	0.82		0.82	0.62	0.77	0.85	0.82	0.11	0.84	0.86	0.79	0.91	0.87	0.75	0.7	0.77	0.83	0.82	0.85	0.87	0.88	0.82	0.65
Accounts Payable	0.98	0.94	0.98	0.88	0.82		0.92	0.94	0.97	0.96	0.24	0.96	0.98	0.95	0.96	0.97	0.92	0.93	0.99	0.91	0.97	0.99	0.97	0.95	0.95	0.82
Cash	0.87	0.81	0.87	0.68	0.62	0.92		0.96	0.86	0.85	0.41	0.85	0.92	0.83	0.82	0.84	0.77	0.81	0.94	0.77	0.91	0.89	0.84	0.8	0.81	0.8
Cash And Short Term Investments	0.9	0.87	0.91	0.7	0.77	0.94	0.96		0.9	0.86	0.51	0.86	0.97	0.82	0.89	0.87	0.77	0.81	0.92	0.79	0.9	0.91	0.86	0.84	0.81	0.87
Common Stock Shares Outstanding	0.97	0.95	0.97	0.9	0.85	0.97	0.86	0.9		0.96	0.16	0.96	0.96	0.95	0.97	0.97	0.92	0.91	0.96	0.93	0.96	0.97	0.97	0.96	0.95	0.82
Non Current Liabilities Total	0.99	0.97	0.98	0.96	0.82	0.96	0.85	0.86	0.96		0.01	1.0	0.94	0.99	0.97	0.99	0.96	0.93	0.98	0.99	0.98	0.99	1.0	0.99	0.99	0.8
Other Stockholder Equity	0.1	0.09	0.16	-0.2	0.11	0.24	0.41	0.51	0.16	0.01		0.03	0.33	-0.03	0.12	0.04	-0.03	0.11	0.18	-0.1	0.1	0.13	0.03	-0.01	-0.05	0.4
Total Liab	0.99	0.98	0.98	0.96	0.84	0.96	0.85	0.86	0.96	1.0	0.03		0.95	0.99	0.98	1.0	0.97	0.93	0.97	0.99	0.97	0.99	1.0	0.99	0.99	0.83
Total Current Assets	0.97	0.95	0.98	0.84	0.86	0.98	0.92	0.97	0.96	0.94	0.33	0.95		0.91	0.97	0.95	0.88	0.88	0.96	0.9	0.95	0.97	0.95	0.94	0.92	0.88
Net Receivables	0.98	0.96	0.96	0.97	0.79	0.95	0.83	0.82	0.95	0.99	-0.03	0.99	0.91		0.96	0.99	0.98	0.96	0.97	0.98	0.96	0.98	0.99	0.98	0.99	0.78
Other Current Liab	0.99	0.99	0.99	0.94	0.91	0.96	0.82	0.89	0.97	0.97	0.12	0.98	0.97	0.96		0.99	0.93	0.91	0.95	0.96	0.95	0.98	0.99	0.99	0.97	0.84
Non Current Assets Total	1.0	0.98	0.99	0.96	0.87	0.97	0.84	0.87	0.97	0.99	0.04	1.0	0.95	0.99	0.99		0.95	0.93	0.97	0.98	0.97	0.99	1.0	1.0	0.99	0.8
Non Currrent Assets Other	0.95	0.96	0.92	0.96	0.75	0.92	0.77	0.77	0.92	0.96	-0.03	0.97	0.88	0.98	0.93	0.95		0.97	0.93	0.95	0.9	0.94	0.95	0.95	0.97	0.81
Other Assets	0.93	0.93	0.92	0.91	0.7	0.93	0.81	0.81	0.91	0.93	0.11	0.93	0.88	0.96	0.91	0.93	0.97		0.94	0.89	0.88	0.94	0.92	0.91	0.94	0.82
Common Stock Total Equity	0.98	0.94	0.97	0.89	0.77	0.99	0.94	0.92	0.96	0.98	0.18	0.97	0.96	0.97	0.95	0.97	0.93	0.94		0.93	0.98	0.99	0.97	0.95	0.96	0.83
Inventory	0.97	0.98	0.95	0.98	0.83	0.91	0.77	0.79	0.93	0.99	-0.1	0.99	0.9	0.98	0.96	0.98	0.95	0.89	0.93		0.94	0.96	0.98	0.99	0.99	0.79
Other Current Assets	0.98	0.93	0.97	0.9	0.82	0.97	0.91	0.9	0.96	0.98	0.1	0.97	0.95	0.96	0.95	0.97	0.9	0.88	0.98	0.94		0.98	0.98	0.96	0.96	0.76
Common Stock	1.0	0.97	1.0	0.93	0.85	0.99	0.89	0.91	0.97	0.99	0.13	0.99	0.97	0.98	0.98	0.99	0.94	0.94	0.99	0.96	0.98		0.99	0.98	0.98	0.82
Property Plant And Equipment Net	1.0	0.98	0.99	0.96	0.87	0.97	0.84	0.86	0.97	1.0	0.03	1.0	0.95	0.99	0.99	1.0	0.95	0.92	0.97	0.98	0.98	0.99		1.0	0.99	0.8
Property Plant And Equipment Gross	0.99	0.98	0.98	0.97	0.88	0.95	0.8	0.84	0.96	0.99	-0.01	0.99	0.94	0.98	0.99	1.0	0.95	0.91	0.95	0.99	0.96	0.98	1.0		0.99	0.79
Short Long Term Debt Total	0.98	0.97	0.97	0.98	0.82	0.95	0.81	0.81	0.95	0.99	-0.05	0.99	0.92	0.99	0.97	0.99	0.97	0.94	0.96	0.99	0.96	0.98	0.99	0.99		0.78
Current Deferred Revenue	0.82	0.89	0.82	0.71	0.65	0.82	0.8	0.87	0.82	0.8	0.4	0.83	0.88	0.78	0.84	0.8	0.81	0.82	0.83	0.79	0.76	0.82	0.8	0.79	0.78

Click cells to compare fundamentals

Equinox Gold Account Relationship Matchups

Equinox Gold fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.7B	4.0B	3.9B	4.4B	5.0B	5.3B
Total Current Liabilities	222.7M	402.6M	271.7M	479.6M	551.5M	579.1M
Total Stockholder Equity	1.4B	2.6B	2.4B	2.4B	2.8B	2.9B
Net Debt	210.3M	262.1M	641.3M	753.4M	866.4M	909.7M
Retained Earnings	(109.9M)	446.6M	327.6M	348.5M	400.8M	420.9M
Accounts Payable	99.2M	136.7M	122.5M	112.8M	129.7M	136.2M
Cash	344.9M	305.5M	200.8M	192.0M	220.8M	231.8M
Cash And Short Term Investments	344.9M	546.0M	237.6M	284.7M	327.4M	343.7M
Common Stock Shares Outstanding	218.4M	333.7M	304.0M	316.3M	363.7M	381.9M
Liabilities And Stockholders Equity	2.7B	4.0B	3.9B	4.4B	5.0B	5.3B
Non Current Liabilities Total	1.0B	979.5M	1.2B	1.4B	1.6B	1.7B
Other Stockholder Equity	28.0M	38.8M	132.0M	(10.5M)	(12.0M)	(11.4M)
Total Liab	1.2B	1.4B	1.5B	1.9B	2.2B	2.3B
Total Current Assets	646.0M	1.2B	655.1M	834.0M	959.1M	1.0B
Net Receivables	55.9M	50.3M	76.1M	82.3M	94.7M	99.4M
Other Current Liab	78.8M	185.8M	149.2M	188.6M	216.9M	227.8M
Non Current Assets Total	2.0B	2.8B	3.2B	3.5B	4.0B	4.2B
Non Currrent Assets Other	146.4M	148.6M	207.7M	261.9M	301.2M	316.3M
Other Assets	171.8M	146.4M	178.6M	210.0M	241.5M	253.5M
Inventory	208.3M	201.6M	265.1M	412.0M	473.8M	497.5M
Other Current Assets	35.7M	33.5M	40.0M	37.3M	42.9M	45.0M
Common Stock	1.5B	2.0B	2.0B	2.1B	2.4B	2.5B
Property Plant And Equipment Net	1.9B	2.5B	2.8B	3.2B	3.7B	3.9B
Property Plant And Equipment Gross	1.9B	2.8B	3.3B	4.0B	4.6B	4.8B
Short Long Term Debt Total	555.2M	567.6M	842.1M	945.4M	1.1B	1.1B
Current Deferred Revenue	31.3M	53.4M	(1.1M)	39.6M	45.5M	47.8M
Accumulated Other Comprehensive Income	38.8M	132.0M	(10.5M)	8.3M	9.6M	9.1M
Short Term Debt	13.3M	26.7M	1.1M	138.6M	159.4M	167.4M
Net Tangible Assets	403.1M	1.4B	2.6B	2.4B	2.7B	2.8B
Short Term Investments	3.1M	240.5M	36.9M	92.7M	106.6M	111.9M
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	22.3M	123.9M	153.1M	29.3M	33.7M	46.2M
Cash And Equivalents	67.7M	344.9M	305.5M	200.8M	230.9M	171.0M
Long Term Debt	531.9M	514.0M	828.0M	786.4M	904.3M	479.8M
Net Invested Capital	2.0B	3.1B	3.2B	3.4B	3.9B	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

0.41	FDY	Faraday Copper Corp	Pair Corr
0.38	IE	Ivanhoe Energy	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

Details

Is Equinox Stock a good investment?

Details

What is Equinox Gold's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Equinox Common Stock Total Equity vs Total Liab Analysis

Common Stock Total Equity vs Total Liab

Common Stock Total Equity vs Total Liab Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Total Liab

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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
Common Stock	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Non Current Liabilities Total

Other Stockholder Equity	- 0.2	Net Debt
Inventory	- 0.1	Other Stockholder Equity
Short Long Term Debt Total	- 0.05	Other Stockholder Equity
Non Currrent Assets Other	- 0.03	Other Stockholder Equity
Net Receivables	- 0.03	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.01	Other Stockholder Equity