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Equinox GoldEQX +1.08%76 Debt-to-EBITDA is 0.33 as of Jun. 2026, which is 83% below its 10-year median of 1.97. GuruFocus rates EQX with a GF Score™ of 76/100 and a GF Value™ of $8.81 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 606 Metals & Mining companies, Equinox Gold ranks better than 69.14% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Equinox Gold's Debt-to-EBITDA or its related term are showing as below:
EQX'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.66 Med: 1.97 Max: 6.44
Current: 0.4
During the past 13 years, the highest Debt-to-EBITDA Ratio of Equinox Gold was 6.44. The lowest was -10.66. And the median was 1.97.
EQX's Debt-to-EBITDA is ranked better than 69.14% of 606
companies
in the Metals & Mining industry
Industry Median: 1.1
vs EQX: 0.40
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Equinox Gold Debt-to-EBITDA Related Terms
Equinox Gold Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Equinox Gold's Debt-to-EBITDA 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.
For the Gold subindustry, Equinox Gold's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Equinox Gold's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Equinox Gold's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Equinox Gold (EQX) has a Debt-to-EBITDA of 0.33 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Equinox Gold. This is 83% below median its historical median of 1.97. According to the industry distribution chart, Equinox Gold ranks #187 out of 606 companies in the Metals & Mining industry, placing it in the top 30.9%.
Is Equinox Gold's Debt-to-EBITDA too high?
Equinox Gold's current Debt-to-EBITDA of 0.33 is 83% below median its 10-year median of 1.97. The Metals & Mining industry median Debt-to-EBITDA is 1.10. Equinox Gold's value of 0.33 is 70% below this industry median. Based on the distribution chart, Equinox Gold ranks #187 out of 606 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Equinox Gold has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinox Gold's Debt-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Equinox Gold ranks #187 out of 606 companies for Debt-to-EBITDA. This puts Equinox Gold in the upper half of its industry. The industry median Debt-to-EBITDA is 1.10. Equinox Gold's value of 0.33 is 70% below this benchmark. While the company's 10-year median is 1.97 vs. the industry median of 1.10, Equinox Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.10, based on 606 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equinox Gold's current Debt-to-EBITDA of 0.33 is 70% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Equinox Gold. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinox Gold's current Debt-to-EBITDA is 0.33, which is 83% below median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinox Gold stock overvalued right now?
Based on GuruFocus' analysis, Equinox Gold (EQX) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.81, compared to a current price of $11.73 — trading 33.1% above its estimated fair value. The current Debt-to-EBITDA is 0.33, which is 83% below median its 10-year median of 1.97 and 70% below the Metals & Mining industry median of 1.10. Equinox Gold's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Equinox Gold (EQX), the current Debt-to-EBITDA is 0.33 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Equinox Gold (EQX) Overvalued in 2026?
Based on GuruFocus' analysis, Equinox Gold stock appears to be overvalued.
The current stock price of $11.73 is trading 33.1% above its estimated GF Value™ of $8.81.
GuruFocus considers Equinox Gold to be Significantly Overvalued.
Key valuation signals for EQX:
Debt-to-EBITDA: 0.33 (83% below median its 10-year median of 1.97)
GF Value™: $8.81 vs. price of $11.73 (33.1% above fair value)
Industry Position: 70% below the Metals & Mining median (#187 of 606)
No single metric tells the full story. See the EQX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
76GF Score
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