Equinox Gold Balance Sheet Health
Financial Health criteria checks 4/6
Equinox Gold has a total shareholder equity of $5.8B and total debt of $1.7B, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are $10.5B and $4.7B respectively. Equinox Gold's EBIT is $499.4M making its interest coverage ratio 3. It has cash and short-term investments of $570.0M.
Key information
29.96%
Debt to equity ratio
US$1.74b
Debt
| Interest coverage ratio | 3x |
| Cash | US$570.04m |
| Equity | US$5.80b |
| Total liabilities | US$4.74b |
| Total assets | US$10.54b |
Recent financial health updates
Recent updates
Newsflash: Equinox Gold Corp. (TSE:EQX) Analysts Have Been Trimming Their Revenue Forecasts
Dec 23
Market Might Still Lack Some Conviction On Equinox Gold Corp. (TSE:EQX) Even After 29% Share Price Boost
Aug 15Revenues Working Against Equinox Gold Corp.'s (TSE:EQX) Share Price
Jun 18
Greenstone Ramp-Up And Castle Mountain Expansion Will Transform Gold Operations By 2025
Greenstone, Piaba, and Castle Mountain projects set to enhance gold output, boost revenues, and strengthen earnings.Financial Position Analysis
Short Term Liabilities: EQX's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: EQX's short term assets ($2.0B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: EQX's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: EQX's debt to equity ratio has reduced from 37.6% to 30% over the past 5 years.
Debt Coverage: EQX's debt is well covered by operating cash flow (47.1%).
Interest Coverage: EQX's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/15 21:03 |
| End of Day Share Price | 2026/03/13 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Equinox Gold Corp. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gray | ATB Cormark |
| Michael Curran | Beacon Securities Limited |
| Kevin O'Halloran | BMO Capital Markets Equity Research |