Equinox Gold (TSX:EQX) Total Assets : C$5,836 Mil (As of Dec. 2023)

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What is Equinox Gold Total Assets?

Equinox Gold's Total Assets for the quarter that ended in Dec. 2023 was C$5,836 Mil.

Warning Sign:

If a company builds assets at 49.4% a year, faster than its revenue growth rate of 42.3% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Equinox Gold's average Total Assets Growth Rate was 11.00% per year. During the past 3 years, the average Total Assets Growth Rate was 22.30% per year. During the past 5 years, the average Total Assets Growth Rate was 49.40% per year. During the past 10 years, the average Total Assets Growth Rate was 180.90% per year.

During the past 13 years, Equinox Gold's highest 3-Year average Total Assets Growth Rate was 1004.10%. The lowest was 22.30%. And the median was 76.75%.

Total Assets is connected with ROA %. Equinox Gold's annualized ROA % for the quarter that ended in Dec. 2023 was 0.36%. Total Assets is also linked to Revenue through Asset Turnover. Equinox Gold's Asset Turnover for the quarter that ended in Dec. 2023 was 0.07.

Equinox Gold Total Assets Historical Data

The historical data trend for Equinox Gold's Total Assets 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 Total Assets Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,105.34

3,424.36

5,078.22

5,238.92

5,836.47

Equinox Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															5,238.92	5,512.82	5,394.17	5,807.29	5,836.47

Equinox Gold Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Equinox Gold's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	3276.806	+	2559.66
	=	5,836

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

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	3276.806	+	2559.66
	=	5,836

Equinox Gold (TSX:EQX) Total Assets Explanation

Total Assets is connected with ROA %.

Equinox Gold's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	20.904	/	( (5807.285	+	5836.466)	/ 2 )
	=	20.904	/	5821.8755
	=	0.36 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Equinox Gold's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	399.516	/	( (5807.285	+	5836.466)	/ 2 )
=	399.516	/	5821.8755
=	0.07

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Equinox Gold Total Assets 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 » Total Assets

Comparable Companies

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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.