Equinox Gold Corp (EQX) - Net Assets
Based on the latest financial reports, Equinox Gold Corp (EQX) has net assets worth CA$5.57 Billion CAD (≈ $4.03 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$10.30 Billion ≈ $7.45 Billion USD) and total liabilities (CA$4.73 Billion ≈ $3.42 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 liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.57 Billion |
| % of Total Assets | 54.09% |
| Annual Growth Rate | 78.86% |
| 5-Year Change | 134.81% |
| 10-Year Change | 202376.28% |
| Growth Volatility | 1118.16 |
Equinox Gold Corp - Net Assets Trend (2006–2024)
This chart illustrates how Equinox Gold Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Equinox Gold Corp for the complete picture of this company's asset base.
Annual Net Assets for Equinox Gold Corp (2006–2024)
The table below shows the annual net assets of Equinox Gold Corp from 2006 to 2024. For live valuation and market cap data, see how much is Equinox Gold Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 61366803346.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$613.66 Million | 18.06% |
| Common Stock | CA$2.80 Billion | 82.38% |
| Other Comprehensive Income | CA$-14.93 Million | -0.44% |
| Total Equity | CA$3.40 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 |
|---|---|
|
Belimo Holding
SW:BEAN
|
$10.81 Billion |
|
Ruijie Networks Co. Ltd. A
SHE:301165
|
$10.82 Billion |
|
ACM Research Shanghai Inc
SHG:688082
|
$10.83 Billion |
|
Societatea Nationala de Gaze Naturale Romgaz SA
RO:SNG
|
$10.83 Billion |
|
Applied Industrial Technologies
NYSE:AIT
|
$10.80 Billion |
|
Camden Property Trust
NYSE:CPT
|
$10.80 Billion |
|
Sejahteraraya Anugrahjaya Tbk
JK:SRAJ
|
$10.79 Billion |
|
Israel Discount Bank Ltd
TA:DSCT
|
$10.78 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 2023 to 2024, total equity changed from 2,442,461,000 to 3,397,552,000, a change of 955,091,000 (39.1%).
- Net income of 339,287,000 contributed positively to equity growth.
- Share repurchases of 338,018,000 reduced equity.
- New share issuances of 335,562,000 increased equity.
- Other comprehensive income decreased equity by 23,274,000.
- Other factors increased equity by 641,534,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$339.29 Million | +9.99% |
| Share Repurchases | CA$338.02 Million | -9.95% |
| Share Issuances | CA$335.56 Million | +9.88% |
| Other Comprehensive Income | CA$-23.27 Million | -0.69% |
| Other Changes | CA$641.53 Million | +18.88% |
| Total Change | CA$- | 39.10% |
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: 2.65x
- 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 7.44x to 2.65x 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$19.03 | x |
| 2007-12-31 | CA$3.65 | CA$19.03 | x |
| 2008-12-31 | CA$1.78 | CA$19.03 | x |
| 2009-12-31 | CA$3.18 | CA$19.03 | x |
| 2010-12-31 | CA$2.16 | CA$19.03 | x |
| 2011-12-31 | CA$0.00 | CA$19.03 | x |
| 2012-12-31 | CA$0.00 | CA$19.03 | x |
| 2013-12-31 | CA$0.10 | CA$19.03 | x |
| 2014-12-31 | CA$0.08 | CA$19.03 | x |
| 2015-12-31 | CA$0.02 | CA$19.03 | x |
| 2016-12-31 | CA$0.75 | CA$19.03 | x |
| 2017-12-31 | CA$4.01 | CA$19.03 | x |
| 2018-12-31 | CA$4.45 | CA$19.03 | x |
| 2019-12-31 | CA$3.60 | CA$19.03 | x |
| 2020-12-31 | CA$6.62 | CA$19.03 | x |
| 2021-12-31 | CA$7.75 | CA$19.03 | x |
| 2022-12-31 | CA$7.66 | CA$19.03 | x |
| 2023-12-31 | CA$7.72 | CA$19.03 | x |
| 2024-12-31 | CA$7.17 | CA$19.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equinox Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.41%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.98x
- Recent ROE (9.99%) is above the historical average (-43.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -9.34% | 0.00% | 0.00x | 1.09x | CA$-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 |
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: $3,534,498,549
- Average return on equity (ROE) among peers: -16.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equinox Gold Corp (EQX) | CA$5.57 Billion | -9.34% | 0.85x | $10.80 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $25.14 Million | 6.90% | 0.34x | $86.06 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $152.14 Million | 0.14% | 0.98x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $2.74 Billion | -2.44% | 0.32x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-1.62 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 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. The company primarily explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada. The company was formerly kn… Read more