Equinox Gold (TSX:EQX) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Equinox Gold Debt-to-Equity?

Equinox Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$186 Mil. Equinox Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,082 Mil. Equinox Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3,277 Mil. Equinox Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Equinox Gold's Debt-to-Equity or its related term are showing as below:

TSX:EQX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.38 Max: 0.66
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Equinox Gold was 0.66. The lowest was 0.12. And the median was 0.38.

TSX:EQX's Debt-to-Equity is ranked worse than
70.71% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSX:EQX: 0.39

Equinox Gold Debt-to-Equity Historical Data

The historical data trend for Equinox Gold's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equinox Gold Debt-to-Equity Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.38

0.22

0.36

0.39

Equinox Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.36	0.36	0.47	0.39

Competitive Comparison of Equinox Gold's Debt-to-Equity

For the Gold subindustry, Equinox Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Equinox Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Equinox Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Equinox Gold's Debt-to-Equity falls into.

Equinox Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equinox Gold's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(185.951	+	1082.351)	/	3276.806
	=	0.39

Equinox Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(185.951	+	1082.351)	/	3276.806
	=	0.39

Equinox Gold (TSX:EQX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Equinox Gold Debt-to-Equity Related Terms

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Equinox Gold (TSX:EQX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equinox Gold Corp (TSX:EQX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EQX:USA 1LRC:Germany

Address

700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8

Website

https://www.equinoxgold.com

Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.