Equinox Gold Balance Sheet Health
Financial Health criteria checks 4/6
Equinox Gold has a total shareholder equity of $2.4B and total debt of $929.1M, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are $4.3B and $1.9B respectively. Equinox Gold's EBIT is $42.7M making its interest coverage ratio 0.8. It has cash and short-term investments of $196.6M.
Key information
38.6%
Debt to equity ratio
US$929.13m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$196.57m |
| Equity | US$2.41b |
| Total liabilities | US$1.89b |
| Total assets | US$4.29b |
Recent financial health updates
These 4 Measures Indicate That Equinox Gold (TSE:EQX) Is Using Debt Extensively
Feb 23
Here's Why Equinox Gold (TSE:EQX) Is Weighed Down By Its Debt Load
Nov 11Is Equinox Gold (TSE:EQX) Using Too Much Debt?
Jul 05Equinox Gold (TSE:EQX) Seems To Be Using A Lot Of Debt
Mar 21Here's Why Equinox Gold (TSE:EQX) Is Weighed Down By Its Debt Load
Dec 20Does Equinox Gold (TSE:EQX) Have A Healthy Balance Sheet?
Feb 18Recent updates
News Flash: Analysts Just Made A Notable Upgrade To Their Equinox Gold Corp. (TSE:EQX) Forecasts
May 07Equinox Gold Corp. (TSE:EQX) Stock Rockets 38% But Many Are Still Ignoring The Company
Mar 28These 4 Measures Indicate That Equinox Gold (TSE:EQX) Is Using Debt Extensively
Feb 23Investors Holding Back On Equinox Gold Corp. (TSE:EQX)
Feb 02Here's Why Equinox Gold (TSE:EQX) Is Weighed Down By Its Debt Load
Nov 11Equinox Gold Corp. Beat Analyst Profit Forecasts, And Analysts Have New Estimates
Aug 06Is Equinox Gold (TSE:EQX) Using Too Much Debt?
Jul 05Equinox Gold (TSE:EQX) Seems To Be Using A Lot Of Debt
Mar 21Here's Why Equinox Gold (TSE:EQX) Is Weighed Down By Its Debt Load
Dec 20Not Many Are Piling Into Equinox Gold Corp. (TSE:EQX) Stock Yet As It Plummets 28%
May 08Does Equinox Gold (TSE:EQX) Have A Healthy Balance Sheet?
Feb 18Financial Position Analysis
Short Term Liabilities: EQX's short term assets ($712.5M) exceed its short term liabilities ($611.2M).
Long Term Liabilities: EQX's short term assets ($712.5M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: EQX's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: EQX's debt to equity ratio has reduced from 54.1% to 38.6% over the past 5 years.
Debt Coverage: EQX's debt is well covered by operating cash flow (25.1%).
Interest Coverage: EQX's interest payments on its debt are not well covered by EBIT (0.8x coverage).