SupposeA is a non-singular matrix with entries 0 and 1, the zero and identity elements of a Euclidean domain. We obtain a “best-possible” lower bound for the number of equivalence invariants ofA (over the domain) which equal 1. From this it is proven that the sequence of invariants under integral equivalence of an Hadamard matrix must obey certain conditions. Finally, lower bounds are found for the number of inequivalent Hadamard matrices of order a power of 2, and consequently for the number of Hadamard-inequivalent Hadamard matrices of those orders.