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) Using Too Much Debt?
Mar 12
Is 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
New 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.