NovaGold Resources Balance Sheet Health
Financial Health criteria checks 1/6
NovaGold Resources has a total shareholder equity of $-37.8M and total debt of $147.9M, which brings its debt-to-equity ratio to -391.1%. Its total assets and total liabilities are $114.7M and $152.5M respectively.
Key information
-391.1%
Debt to equity ratio
US$147.88m
Debt
| Interest coverage ratio | n/a |
| Cash | US$105.57m |
| Equity | -US$37.81m |
| Total liabilities | US$152.54m |
| Total assets | US$114.73m |
Recent financial health updates
Is NovaGold Resources (TSE:NG) A Risky Investment?
Nov 11
Does NovaGold Resources (TSE:NG) Have A Healthy Balance Sheet?
Jul 18Is NovaGold Resources (TSE:NG) Using Too Much Debt?
Mar 24Is NovaGold Resources (TSE:NG) Using Debt Sensibly?
Aug 13Is NovaGold Resources (TSE:NG) Using Too Much Debt?
Apr 29Does NovaGold Resources (TSE:NG) Have A Healthy Balance Sheet?
Oct 03Recent updates
Is NovaGold Resources (TSE:NG) A Risky Investment?
Nov 11Does NovaGold Resources (TSE:NG) Have A Healthy Balance Sheet?
Jul 18Is NovaGold Resources (TSE:NG) Using Too Much Debt?
Mar 24Is NovaGold Resources (TSE:NG) Using Debt Sensibly?
Aug 13Is NovaGold Resources (TSE:NG) Using Too Much Debt?
Apr 29Estimating The Intrinsic Value Of NovaGold Resources Inc. (TSE:NG)
Dec 30Does NovaGold Resources (TSE:NG) Have A Healthy Balance Sheet?
Oct 03How Much Of NovaGold Resources Inc. (TSE:NG) Do Institutions Own?
Jan 29Have Insiders Been Selling NovaGold Resources Inc. (TSE:NG) Shares?
Dec 07Financial Position Analysis
Short Term Liabilities: NG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.1% each year