Equinox Gold (TSX:EQX) Interest Expense : C$-81 Mil (TTM As of Dec. 2023)

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What is Equinox Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equinox Gold's interest expense for the three months ended in Dec. 2023 was C$ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-81 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Equinox Gold's Operating Income for the three months ended in Dec. 2023 was C$ 34 Mil. Equinox Gold's Interest Expense for the three months ended in Dec. 2023 was C$ -24 Mil. Equinox Gold's Interest Coverage for the quarter that ended in Dec. 2023 was 1.41. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Equinox Gold Interest Expense Historical Data

The historical data trend for Equinox Gold's Interest Expense 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.

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Equinox Gold Interest Expense Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-23.09

-50.92

-53.19

-54.82

-80.77

Equinox Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-16.89	-17.37	-19.05	-20.65	-24.03

Equinox Gold Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-81 Mil.

Equinox Gold (TSX:EQX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Equinox Gold's Interest Expense for the three months ended in Dec. 2023 was C$-24 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$1,082 Mil.

Equinox Gold's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	33.938	/	-24.029
	=	1.41

The higher the ratio, the stronger the company's financial strength is.

Equinox Gold (TSX:EQX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equinox Gold Corp (TSX:EQX) » Definitions » Interest Expense

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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.