New Gold Balance Sheet Health
Financial Health criteria checks 5/6
New Gold has a total shareholder equity of $997.2M and total debt of $446.7M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are $2.0B and $985.8M respectively. New Gold's EBIT is $100.7M making its interest coverage ratio -9.1. It has cash and short-term investments of $140.5M.
Key information
44.8%
Debt to equity ratio
US$446.70m
Debt
| Interest coverage ratio | -9.1x |
| Cash | US$140.50m |
| Equity | US$997.20m |
| Total liabilities | US$985.80m |
| Total assets | US$1.98b |
Recent financial health updates
Is New Gold (TSE:NGD) A Risky Investment?
Nov 26
Is New Gold (TSE:NGD) Using Too Much Debt?
Mar 12Is New Gold (TSE:NGD) A Risky Investment?
Jul 12Is New Gold (TSE:NGD) A Risky Investment?
Mar 02New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt
Aug 20These 4 Measures Indicate That New Gold (TSE:NGD) Is Using Debt Reasonably Well
Apr 25Recent updates
Is New Gold (TSE:NGD) A Risky Investment?
Nov 26New Gold's (TSE:NGD) Shareholders Should Assess Earnings With Caution
Nov 05Potential Upside For New Gold Inc. (TSE:NGD) Not Without Risk
Jul 04Investors Still Aren't Entirely Convinced By New Gold Inc.'s (TSE:NGD) Revenues Despite 43% Price Jump
Mar 30Is New Gold (TSE:NGD) Using Too Much Debt?
Mar 12Not Many Are Piling Into New Gold Inc. (TSE:NGD) Just Yet
Jan 19Is New Gold (TSE:NGD) A Risky Investment?
Jul 12Is New Gold (TSE:NGD) A Risky Investment?
Mar 02New Gold (TSE:NGD) Seems To Be Using A Lot Of Debt
Aug 20These 4 Measures Indicate That New Gold (TSE:NGD) Is Using Debt Reasonably Well
Apr 25New Gold's (TSE:NGD) Earnings Are Of Questionable Quality
Mar 02Analysts Are More Bearish On New Gold Inc. (TSE:NGD) Than They Used To Be
Feb 28Financial Position Analysis
Short Term Liabilities: NGD's short term assets ($279.5M) exceed its short term liabilities ($196.9M).
Long Term Liabilities: NGD's short term assets ($279.5M) do not cover its long term liabilities ($788.9M).
Debt to Equity History and Analysis
Debt Level: NGD's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: NGD's debt to equity ratio has reduced from 76% to 44.8% over the past 5 years.
Debt Coverage: NGD's debt is well covered by operating cash flow (79.2%).
Interest Coverage: NGD earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 16:36 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
New Gold Inc. is covered by 29 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Farooq Hamed | Barclays |
| Brian Quast | BMO Capital Markets Equity Research |
| Harmen Puri | BofA Global Research |