Equinox Net Tangible Assets vs Net Debt Analysis

EQX Stock

USD 5.70 0.02 0.35%

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 Net Tangible Assets and its Net Debt 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 producer price index.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equinox Gold Corp Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Equinox Gold's Net Tangible Assets and Net Debt is 0.91. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt 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 Net Tangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Equinox Gold Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Equinox Gold's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 producer price index.

At this time, Equinox Gold's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 34.3 M in 2024, despite the fact that Discontinued Operations is likely to grow to (23.5 M).

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	198.1M	188.8M	216.1M	126.6M
Interest Income	2.8M	100.4M	11.7M	11.1M

Reconciled Depreciation 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	Common Stock Total Equity	Other Current Assets	Common Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Inventory
Total Assets		0.98	1.0	0.92	0.84	0.98	0.87	0.89	0.96	0.99	0.17	0.99	0.97	0.54	0.95	1.0	0.92	0.98	0.72	1.0	1.0	0.99	0.98	0.62	0.71	0.96
Total Current Liabilities	0.98		0.96	0.92	0.82	0.94	0.81	0.87	0.94	0.96	0.16	0.98	0.95	0.39	0.94	0.97	0.93	0.96	0.75	0.96	0.97	0.97	0.96	0.74	0.82	0.96
Total Stockholder Equity	1.0	0.96		0.89	0.86	0.98	0.87	0.91	0.96	0.97	0.17	0.98	0.98	0.53	0.97	0.99	0.9	0.97	0.76	0.99	0.99	0.98	0.96	0.6	0.67	0.94
Net Debt	0.92	0.92	0.89		0.77	0.89	0.64	0.65	0.87	0.94	-0.12	0.94	0.8	0.49	0.8	0.94	0.94	0.89	0.47	0.9	0.94	0.96	0.97	0.46	0.84	0.96
Retained Earnings	0.84	0.82	0.86	0.77		0.75	0.57	0.73	0.82	0.77	-0.2	0.79	0.83	0.17	0.9	0.83	0.66	0.73	0.8	0.8	0.83	0.85	0.77	0.42	0.54	0.78
Accounts Payable	0.98	0.94	0.98	0.89	0.75		0.91	0.9	0.95	0.98	0.27	0.98	0.95	0.66	0.91	0.98	0.94	0.99	0.66	0.99	0.98	0.96	0.97	0.58	0.64	0.93
Cash	0.87	0.81	0.87	0.64	0.57	0.91		0.95	0.84	0.86	0.61	0.85	0.91	0.65	0.84	0.84	0.76	0.92	0.69	0.89	0.84	0.8	0.8	0.65	0.42	0.77
Cash And Short Term Investments	0.89	0.87	0.91	0.65	0.73	0.9	0.95		0.88	0.85	0.5	0.86	0.97	0.47	0.94	0.86	0.75	0.9	0.87	0.9	0.86	0.83	0.79	0.73	0.46	0.77
Common Stock Shares Outstanding	0.96	0.94	0.96	0.87	0.82	0.95	0.84	0.88		0.95	0.18	0.95	0.95	0.52	0.94	0.96	0.89	0.94	0.73	0.96	0.95	0.95	0.93	0.61	0.65	0.91
Non Current Liabilities Total	0.99	0.96	0.97	0.94	0.77	0.98	0.86	0.85	0.95		0.17	1.0	0.93	0.57	0.9	0.99	0.94	0.99	0.62	0.99	0.99	0.99	0.99	0.59	0.74	0.98
Other Stockholder Equity	0.17	0.16	0.17	-0.12	-0.2	0.27	0.61	0.5	0.18	0.17		0.17	0.33	0.32	0.19	0.12	0.15	0.29	0.3	0.21	0.12	0.05	0.08	0.54	-0.11	0.06
Total Liab	0.99	0.98	0.98	0.94	0.79	0.98	0.85	0.86	0.95	1.0	0.17		0.94	0.53	0.92	0.99	0.95	0.99	0.65	0.99	1.0	0.99	0.99	0.63	0.76	0.98
Total Current Assets	0.97	0.95	0.98	0.8	0.83	0.95	0.91	0.97	0.95	0.93	0.33	0.94		0.46	0.98	0.94	0.85	0.95	0.86	0.96	0.94	0.93	0.9	0.72	0.6	0.88
Net Receivables	0.54	0.39	0.53	0.49	0.17	0.66	0.65	0.47	0.52	0.57	0.32	0.53	0.46		0.38	0.55	0.6	0.61	0.07	0.59	0.54	0.49	0.58	0.0	0.12	0.44
Other Current Liab	0.95	0.94	0.97	0.8	0.9	0.91	0.84	0.94	0.94	0.9	0.19	0.92	0.98	0.38		0.93	0.81	0.91	0.89	0.94	0.93	0.92	0.88	0.68	0.61	0.87
Non Current Assets Total	1.0	0.97	0.99	0.94	0.83	0.98	0.84	0.86	0.96	0.99	0.12	0.99	0.94	0.55	0.93		0.94	0.98	0.67	0.99	1.0	1.0	0.99	0.58	0.73	0.97
Non Currrent Assets Other	0.92	0.93	0.9	0.94	0.66	0.94	0.76	0.75	0.89	0.94	0.15	0.95	0.85	0.6	0.81	0.94		0.93	0.54	0.92	0.93	0.93	0.96	0.6	0.81	0.93
Common Stock Total Equity	0.98	0.96	0.97	0.89	0.73	0.99	0.92	0.9	0.94	0.99	0.29	0.99	0.95	0.61	0.91	0.98	0.93		0.66	0.99	0.98	0.96	0.97	0.64	0.7	0.95
Other Current Assets	0.72	0.75	0.76	0.47	0.8	0.66	0.69	0.87	0.73	0.62	0.3	0.65	0.86	0.07	0.89	0.67	0.54	0.66		0.71	0.67	0.66	0.57	0.74	0.38	0.58
Common Stock	1.0	0.96	0.99	0.9	0.8	0.99	0.89	0.9	0.96	0.99	0.21	0.99	0.96	0.59	0.94	0.99	0.92	0.99	0.71		0.99	0.98	0.97	0.61	0.68	0.95
Property Plant And Equipment Net	1.0	0.97	0.99	0.94	0.83	0.98	0.84	0.86	0.95	0.99	0.12	1.0	0.94	0.54	0.93	1.0	0.93	0.98	0.67	0.99		1.0	0.99	0.58	0.74	0.98
Property Plant And Equipment Gross	0.99	0.97	0.98	0.96	0.85	0.96	0.8	0.83	0.95	0.99	0.05	0.99	0.93	0.49	0.92	1.0	0.93	0.96	0.66	0.98	1.0		0.99	0.57	0.76	0.98
Short Long Term Debt Total	0.98	0.96	0.96	0.97	0.77	0.97	0.8	0.79	0.93	0.99	0.08	0.99	0.9	0.58	0.88	0.99	0.96	0.97	0.57	0.97	0.99	0.99		0.54	0.77	0.98
Current Deferred Revenue	0.62	0.74	0.6	0.46	0.42	0.58	0.65	0.73	0.61	0.59	0.54	0.63	0.72	0.0	0.68	0.58	0.6	0.64	0.74	0.61	0.58	0.57	0.54		0.66	0.6
Short Term Debt	0.71	0.82	0.67	0.84	0.54	0.64	0.42	0.46	0.65	0.74	-0.11	0.76	0.6	0.12	0.61	0.73	0.81	0.7	0.38	0.68	0.74	0.76	0.77	0.66		0.82
Inventory	0.96	0.96	0.94	0.96	0.78	0.93	0.77	0.77	0.91	0.98	0.06	0.98	0.88	0.44	0.87	0.97	0.93	0.95	0.58	0.95	0.98	0.98	0.98	0.6	0.82

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Equinox Gold Account Relationship Matchups

Equinox Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	839.4M	2.7B	4.0B	3.9B	4.3B	4.5B
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	109.3M	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	4.3B	4.5B
Non Current Liabilities Total	304.4M	1.0B	979.5M	1.2B	1.4B	1.5B
Other Stockholder Equity	68.1M	245.8M	131.0M	(52.1M)	(12.5M)	(11.9M)
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	14.2M	76.1M	9.9M	14.4M
Other Current Liab	3.1M	86.2M	262.2M	149.2M	182.3M	191.4M
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	245.4M	257.6M
Other Assets	171.8M	146.4M	180.9M	210.0M	(4.3M)	(4.1M)
Common Stock Total Equity	383.3M	491.1M	505.7M	1.5B	1.7B	1.8B
Other Current Assets	1.9M	33.8M	365.3M	40.0M	127.4M	133.7M
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	863.5M	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	21.4M	138.6M	145.5M
Inventory	46.3M	208.3M	201.6M	265.1M	412.0M	432.6M
Property Plant Equipment	511.7M	1.9B	2.5B	2.8B	3.3B	3.4B
Other Liab	101.0M	460.4M	463.0M	381.0M	438.1M	460.0M
Net Tangible Assets	403.1M	1.4B	2.6B	2.4B	2.7B	2.8B
Long Term Debt	202.5M	531.9M	514.0M	828.0M	786.4M	825.7M
Short Term Investments	988K	3.1M	240.5M	36.9M	92.7M	46.5M
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	41.1M
Short Long Term Debt	61.6M	13.3M	26.7M	138.6M	159.4M	167.4M
Non Current Liabilities Other	1.1M	33.6M	50.5M	13.8M	40.3M	42.3M

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Equinox Net Tangible Assets vs Net Debt Analysis

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Debt

Equinox Gold fundamental ratios Correlations

Equinox Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equinox Gold fundamental ratios Accounts

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Additional Tools for Equinox Stock Analysis

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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

Other Stockholder Equity	- 0.2	Retained Earnings
Other Stockholder Equity	- 0.12	Net Debt
Short Term Debt	- 0.11	Other Stockholder Equity
Current Deferred Revenue	- 0.0	Net Receivables