Equinox Historical Income Statement
| EQX Stock | CAD 8.77 0.22 2.45% |
Historical analysis of Equinox Gold income statement accounts such as Other Operating Expenses of 1.3 B or Operating Income of 59.9 M can show how well Equinox Gold Corp performed in making a profits. Evaluating Equinox Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Equinox Gold's future profits or losses.
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 Income Statement Analysis
Equinox Gold Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Equinox Gold shareholders. The income statement also shows Equinox investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Equinox Gold Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Equinox Gold Corp. It is also known as Equinox Gold overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Equinox Gold's income statement are interrelated and interconnected. However, analyzing income 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 income 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 Depreciation And Amortization is very stable compared to the past year. As of the 1st of February 2025, Income Before Tax is likely to grow to about 31 M, while EBIT is likely to drop about 20.6 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 |
Equinox Gold income statement Correlations
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Equinox Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinox Gold income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 39.8M | 41.6M | 40.4M | 60.2M | 69.2M | 72.7M | |
| Selling General Administrative | 39.7M | 51.3M | 45.7M | 45.2M | 51.9M | 54.5M | |
| Other Operating Expenses | 671.1M | 935.8M | 941.8M | 1.0B | 1.2B | 1.3B | |
| Operating Income | 171.4M | 146.5M | 10.4M | 49.6M | 57.1M | 59.9M | |
| Ebit | 159.7M | 139.9M | 13.6M | 31.3M | 36.0M | 20.6M | |
| Ebitda | 311.9M | 338.0M | 202.5M | 247.4M | 284.5M | 298.7M | |
| Total Operating Expenses | 52.2M | 68.8M | 65.1M | 57.9M | 66.6M | 70.0M | |
| Net Income | 22.3M | 554.9M | (106.0M) | 28.9M | 33.2M | 24.1M | |
| Income Tax Expense | 20.8M | (19.9M) | 7.6M | (14.1M) | (12.7M) | (12.1M) | |
| Depreciation And Amortization | 152.2M | 198.1M | 188.8M | 216.1M | 248.5M | 261.0M | |
| Income Before Tax | 41.5M | 535.0M | (98.4M) | 14.8M | 17.0M | 31.0M | |
| Total Other Income Expense Net | (129.9M) | 388.6M | (108.8M) | 13.7M | 15.7M | 8.4M | |
| Gross Profit | 223.6M | 215.3M | 75.5M | 107.6M | 123.7M | 64.2M | |
| Cost Of Revenue | 618.9M | 867.0M | 876.7M | 980.6M | 1.1B | 1.2B | |
| Net Income From Continuing Ops | 22.3M | 556.8M | (106.0M) | 28.9M | 33.2M | 52.9M | |
| Net Income Applicable To Common Shares | (18.4M) | 20.7M | 554.9M | (106.0M) | (121.9M) | (115.8M) | |
| Tax Provision | 18.3M | (23.3M) | 7.6M | (14.1M) | (12.7M) | (12.1M) | |
| Net Interest Income | (37.9M) | (38.7M) | (34.7M) | (48.5M) | (43.7M) | (41.5M) | |
| Interest Income | 1.8M | 38.7M | 5.6M | 11.7M | 13.4M | 18.8M | |
| Total Revenue | 842.5M | 1.1B | 952.2M | 1.1B | 1.3B | 1.3B | |
| Reconciled Depreciation | 151.9M | 198.1M | 188.8M | 216.1M | 248.5M | 126.6M |
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
| 0.45 | TD-PFI | Toronto Dominion Bank | PairCorr |
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| 0.38 | IE | Ivanhoe Energy | PairCorr |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.