Equinox Gold (TSX:EQX) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2024)

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What is Equinox Gold LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Equinox Gold's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.19.

Equinox Gold's long-term debt to total assets ratio increased from Dec. 2023 (0.19) to Dec. 2024 (0.19). It may suggest that Equinox Gold is progressively becoming more dependent on debt to grow their business.

Equinox Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for Equinox Gold's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Equinox Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.20

0.14

0.22

0.19

Equinox Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.15	0.20	0.18	0.19

Equinox Gold LT-Debt-to-Total-Asset Calculation

Equinox Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1813.318	/	9564.859
	=	0.19

Equinox Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1813.318	/	9564.859
	=	0.19

Equinox Gold (TSX:EQX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Equinox Gold LT-Debt-to-Total-Asset Related Terms

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Equinox Gold Business Description

Industry

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

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 the pipeline of growth projects. Geographically, the company operates in the United States, Mexico, and Brazil. The majority of its revenue is generated from Canada.

Executives

Trudy Marie Curran	Director
Kelly Grant Boychuk	Senior Officer
Sebastian D'amici	Senior Officer
Peter Jeremie Hardie	Senior Officer
Gordana Vicentijevic	Senior Officer
Susan Caroline Toews	Senior Officer
Lenard Boggio	Director
Marshall Koval	Director
Maryse Belanger	Director
Robert Scott Heffernan	Senior Officer
Doug Reddy	Senior Officer
Gordon Campbell	Director
Gregory Smith	Director, Senior Officer
Francois Bellemare	Director
Wesley Kanne Clark	Director