Equinox Gold Corp (EQX) - Net Assets
Based on the latest financial reports, Equinox Gold Corp (EQX) has net assets worth CA$6.13 Billion CAD (≈ $4.43 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$9.66 Billion ≈ $6.99 Billion USD) and total liabilities (CA$3.53 Billion ≈ $2.55 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Equinox Gold Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$6.13 Billion |
| % of Total Assets | 63.43% |
| Annual Growth Rate | 78.4% |
| 5-Year Change | 123.75% |
| 10-Year Change | 8483.62% |
| Growth Volatility | 1091.67 |
Equinox Gold Corp - Net Assets Trend (2006–2025)
This chart illustrates how Equinox Gold Corp's net assets have evolved over time, based on quarterly financial data. See EQX cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Equinox Gold Corp (2006–2025)
The table below shows the annual net assets of Equinox Gold Corp from 2006 to 2025. For live valuation and market cap data, see how much is Equinox Gold Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$5.78 Billion ≈ $4.18 Billion |
+70.26% |
| 2024-12-31 | CA$3.40 Billion ≈ $2.46 Billion |
+39.10% |
| 2023-12-31 | CA$2.44 Billion ≈ $1.77 Billion |
+3.80% |
| 2022-12-31 | CA$2.35 Billion ≈ $1.70 Billion |
-8.98% |
| 2021-12-31 | CA$2.59 Billion ≈ $1.87 Billion |
+78.67% |
| 2020-12-31 | CA$1.45 Billion ≈ $1.05 Billion |
+258.99% |
| 2019-12-31 | CA$403.06 Million ≈ $291.57 Million |
-5.16% |
| 2018-12-31 | CA$424.99 Million ≈ $307.43 Million |
+16.22% |
| 2017-12-31 | CA$365.68 Million ≈ $264.53 Million |
+442.60% |
| 2016-12-31 | CA$67.39 Million ≈ $48.75 Million |
+3916.27% |
| 2015-12-31 | CA$1.68 Million ≈ $1.21 Million |
-75.69% |
| 2014-12-31 | CA$6.90 Million ≈ $4.99 Million |
-25.33% |
| 2013-12-31 | CA$9.24 Million ≈ $6.69 Million |
+3241.83% |
| 2012-12-31 | CA$276.62K ≈ $200.10K |
0.00% |
| 2011-12-31 | CA$276.62K ≈ $200.10K |
-18.00% |
| 2010-12-31 | CA$337.33K ≈ $244.02K |
-8.23% |
| 2009-12-31 | CA$367.58K ≈ $265.90K |
+199.43% |
| 2008-12-31 | CA$122.76K ≈ $88.80K |
-42.55% |
| 2007-12-31 | CA$213.66K ≈ $154.56K |
+120.90% |
| 2006-12-31 | CA$96.72K ≈ $69.97K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Equinox Gold Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 81851475946.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$818.51 Million | 14.15% |
| Common Stock | CA$4.87 Billion | 84.11% |
| Other Comprehensive Income | CA$100.41 Million | 1.74% |
| Other Components | CA$1.00 | 0.00% |
| Total Equity | CA$5.78 Billion | 100.00% |
Equinox Gold Corp Competitors by Market Cap
The table below lists competitors of Equinox Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yintai Resources Co Ltd
SHE:000975
|
$8.56 Billion |
|
Oracle Financial Services Software Limited
NSE:OFSS
|
$8.85 Billion |
|
MISC Bhd
KLSE:3816
|
$9.08 Billion |
|
Poly Real Estate Group Co Ltd
SHG:600048
|
$8.62 Billion |
|
Securitas AB
ST:SECU-B
|
$8.92 Billion |
|
Agree Realty Corporation
NYSE:ADC
|
$8.80 Billion |
|
Enel Américas S.A
SN:ENELAM
|
$8.67 Billion |
|
Sofina Société Anonyme
BR:SOF
|
$8.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Equinox Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,397,552,000 to 5,784,760,410, a change of 2,387,208,410 (70.3%).
- Net income of 225,347,967 contributed positively to equity growth.
- Other comprehensive income increased equity by 115,340,928.
- Other factors increased equity by 2,046,519,515.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$225.35 Million | +3.9% |
| Other Comprehensive Income | CA$115.34 Million | +1.99% |
| Other Changes | CA$2.05 Billion | +35.38% |
| Total Change | CA$- | 70.26% |
Book Value vs Market Value Analysis
This analysis compares Equinox Gold Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.79x to 1.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CA$2.56 | CA$14.80 | x |
| 2007-12-31 | CA$3.65 | CA$14.80 | x |
| 2008-12-31 | CA$1.78 | CA$14.80 | x |
| 2009-12-31 | CA$3.18 | CA$14.80 | x |
| 2010-12-31 | CA$2.16 | CA$14.80 | x |
| 2011-12-31 | CA$0.00 | CA$14.80 | x |
| 2012-12-31 | CA$0.00 | CA$14.80 | x |
| 2013-12-31 | CA$0.10 | CA$14.80 | x |
| 2014-12-31 | CA$0.08 | CA$14.80 | x |
| 2015-12-31 | CA$0.02 | CA$14.80 | x |
| 2016-12-31 | CA$0.75 | CA$14.80 | x |
| 2017-12-31 | CA$4.01 | CA$14.80 | x |
| 2018-12-31 | CA$4.45 | CA$14.80 | x |
| 2019-12-31 | CA$3.60 | CA$14.80 | x |
| 2020-12-31 | CA$6.62 | CA$14.80 | x |
| 2021-12-31 | CA$7.75 | CA$14.80 | x |
| 2022-12-31 | CA$7.66 | CA$14.80 | x |
| 2023-12-31 | CA$7.72 | CA$14.80 | x |
| 2024-12-31 | CA$7.17 | CA$14.80 | x |
| 2025-12-31 | CA$9.18 | CA$14.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equinox Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.19%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.82x
- Recent ROE (3.90%) is above the historical average (-41.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -9.34% | 0.00% | 0.00x | 1.09x | CA$-18.71K |
| 2007 | -20.49% | 0.00% | 0.00x | 1.05x | CA$-65.15K |
| 2008 | -41.88% | 0.00% | 0.00x | 1.18x | CA$-63.68K |
| 2009 | -71.03% | 0.00% | 0.00x | 1.05x | CA$-297.83K |
| 2010 | -28.32% | 0.00% | 0.00x | 1.11x | CA$-129.27K |
| 2011 | -81.39% | 0.00% | 0.00x | 1.06x | CA$-252.81K |
| 2012 | -143.70% | 0.00% | 0.00x | 1.06x | CA$-425.15K |
| 2013 | -61.98% | 0.00% | 0.00x | 1.02x | CA$-6.65 Million |
| 2014 | -55.66% | 0.00% | 0.00x | 1.02x | CA$-4.53 Million |
| 2015 | -317.10% | 0.00% | 0.00x | 1.11x | CA$-5.49 Million |
| 2016 | -3.63% | -224.88% | 0.01x | 1.36x | CA$-9.03 Million |
| 2017 | -4.68% | -108.15% | 0.03x | 1.36x | CA$-52.48 Million |
| 2018 | -12.14% | -165.28% | 0.04x | 1.84x | CA$-90.89 Million |
| 2019 | -5.04% | -7.21% | 0.34x | 2.08x | CA$-60.63 Million |
| 2020 | 1.54% | 2.65% | 0.32x | 1.85x | CA$-122.41 Million |
| 2021 | 21.46% | 51.27% | 0.27x | 1.53x | CA$296.35 Million |
| 2022 | -4.51% | -11.13% | 0.25x | 1.64x | CA$-341.34 Million |
| 2023 | 1.18% | 2.65% | 0.25x | 1.78x | CA$-215.36 Million |
| 2024 | 9.99% | 22.41% | 0.23x | 1.98x | CA$-468.20K |
| 2025 | 3.90% | 12.19% | 0.18x | 1.82x | CA$-353.13 Million |
Industry Comparison
This section compares Equinox Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $5,286,704,820
- Average return on equity (ROE) among peers: -8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equinox Gold Corp (EQX) | CA$6.13 Billion | -9.34% | 0.58x | $8.45 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.28 Billion |
| Abcourt Mines Inc. (ABI) | $9.01 Million | -0.50% | 0.05x | $60.24 Million |
| Barrick Gold Corp (ABX) | $33.26 Billion | 6.45% | 0.43x | $69.18 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $132.56 Million |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 9.99% | 0.48x | $85.39 Billion |
| Alamos Gold Inc (AGI) | $4.13 Million | -10.66% | 0.46x | $15.61 Billion |
| AIS Resources Ltd (AIS) | $536.01K | -17.56% | 0.04x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.90 Million |
| Altamira Gold Corp (ALTA) | $18.80 Million | -9.47% | 0.04x | $37.53 Million |
| Almaden Minerals Ltd (AMM) | $9.76 Million | -31.42% | 0.05x | $24.82 Million |
About Equinox Gold Corp
Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas. It primarily explores gold and silver deposits. The company was formerly known as Trek Mining Inc. and changed its name to Equinox Gold Corp. in December 2017. Equinox Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.