Equinox Gold Balance Sheet Health
Financial Health criteria checks 1/6
Equinox Gold has a total shareholder equity of $3.2B and total debt of $1.6B, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are $6.8B and $3.6B respectively. Equinox Gold's EBIT is $116.3M making its interest coverage ratio 1.7. It has cash and short-term investments of $174.6M.
Key information
50.0%
Debt to equity ratio
US$1.62b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$174.64m |
| Equity | US$3.25b |
| Total liabilities | US$3.59b |
| Total assets | US$6.84b |
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 20Recent updates
Analysts Have Made A Financial Statement On Equinox Gold Corp.'s (TSE:EQX) Third-Quarter Report
Nov 09Potential Upside For Equinox Gold Corp. (TSE:EQX) Not Without Risk
Jul 12News 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 20Financial Position Analysis
Short Term Liabilities: EQX's short term assets ($727.2M) do not cover its short term liabilities ($860.1M).
Long Term Liabilities: EQX's short term assets ($727.2M) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: EQX's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: EQX's debt to equity ratio has reduced from 64.1% to 50% over the past 5 years.
Debt Coverage: EQX's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: EQX's interest payments on its debt are not well covered by EBIT (1.7x coverage).