Equinox Historical Income Statement

EQX Stock  USD 5.11  0.05  0.97%   
Historical analysis of Equinox Gold income statement accounts such as Operating Income of 20.8 M or Ebit of 21.7 M can show how well Equinox Gold Corp performed in making a profits. Evaluating Equinox Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Equinox Gold's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Equinox Gold Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Equinox Gold Corp is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

About Equinox Income Statement Analysis

Equinox Gold Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Equinox Gold shareholders. The income statement also shows Equinox investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Equinox Gold Income Statement Chart

At this time, Equinox Gold's Interest Expense is fairly stable compared to the past year. Other Operating Expenses is likely to rise to about 1.1 B in 2024, whereas Operating Income is likely to drop slightly above 20.8 M in 2024.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Equinox Gold Corp. It is also known as Equinox Gold overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Cost Of Revenue

Cost of Revenue is found on Equinox Gold Corp income statement and represents the costs associated with goods and services Equinox Gold provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most accounts from Equinox Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Equinox Gold Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinox Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
At this time, Equinox Gold's Interest Expense is fairly stable compared to the past year. Other Operating Expenses is likely to rise to about 1.1 B in 2024, whereas Operating Income is likely to drop slightly above 20.8 M in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation198.1M188.8M216.1M126.6M
Interest Income2.8M100.4M11.7M11.1M

Equinox Gold income statement Correlations

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0.940.960.590.60.920.40.190.38-0.310.951.00.780.950.78-0.880.41-0.950.440.94
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0.70.720.960.970.910.780.620.280.6-0.050.720.810.720.54-0.750.6-0.780.140.81
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0.310.37-0.02-0.020.240.44-0.28-0.33-0.280.230.360.410.140.370.39-0.49-0.28-0.330.39
0.920.960.650.650.940.940.430.20.42-0.310.960.950.810.960.64-0.770.43-0.960.39
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Equinox Gold Account Relationship Matchups

Equinox Gold income statement Accounts

201920202021202220232024 (projected)
Interest Expense17.5M39.8M41.6M40.4M61.3M64.4M
Other Operating Expenses226.6M671.1M935.8M941.8M1.1B1.1B
Operating Income55.1M171.4M146.5M10.4M36.5M20.8M
Ebit55.1M171.4M146.5M10.4M36.5M21.7M
Ebitda95.5M311.9M338.0M202.5M256.5M269.3M
Total Operating Expenses28.7M52.2M68.8M65.1M61.5M64.6M
Income Before Tax(13.2M)41.5M535.0M(98.4M)32.8M26.9M
Total Other Income Expense Net(68.3M)(129.9M)388.6M(108.8M)(3.7M)(3.5M)
Net Income(20.3M)22.3M554.9M(106.0M)28.9M24.1M
Income Tax Expense7.1M20.8M(19.9M)7.6M(14.4M)(13.7M)
Depreciation And Amortization40.4M140.5M191.5M192.1M220.0M231.0M
Selling General Administrative19.5M39.7M51.3M45.7M45.2M47.4M
Gross Profit83.9M223.6M215.3M75.5M98.0M63.3M
Cost Of Revenue197.8M618.9M867.0M876.7M1.0B1.1B
Total Revenue281.7M842.5M1.1B952.2M1.1B1.2B
Net Income From Continuing Ops(20.3M)22.3M556.8M(106M)28.9M52.9M
Net Income Applicable To Common Shares(18.4M)20.7M556.8M(106.0M)(121.9M)(115.8M)
Tax Provision7.1M18.3M(23.3M)7.6M(14.1M)(13.4M)
Net Interest Income(15.6M)(37.9M)(38.7M)(34.8M)(48.5M)(46.1M)
Interest Income54.4M1.8M2.8M100.4M11.7M11.1M
Reconciled Depreciation39.1M151.9M198.1M188.8M216.1M126.6M

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When running Equinox Gold's price analysis, check to measure Equinox Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equinox Gold is operating at the current time. Most of Equinox Gold's value examination focuses on studying past and present price action to predict the probability of Equinox Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinox Gold's price. Additionally, you may evaluate how the addition of Equinox Gold to your portfolios can decrease your overall portfolio volatility.