NovaGold Quick Ratio from 2010 to 2026
| NG Stock | USD 10.75 0.00 0.00% |
Quick Ratio | First Reported 2010-12-31 | Previous Quarter 21.41 | Current Value 13.11 | Quarterly Volatility 16.02862772 |
Check NovaGold Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NovaGold Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 18.3 K, Interest Expense of 8.7 M or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 5 K, Dividend Yield of 0.0 or PTB Ratio of 22.01. NovaGold financial statements analysis is a perfect complement when working with NovaGold Resources Valuation or Volatility modules.
NovaGold | Quick Ratio | Build AI portfolio with NovaGold Stock |
The Quick Ratio trend for NovaGold Resources offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether NovaGold Resources is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.
Latest NovaGold Resources' Quick Ratio Growth Pattern
Below is the plot of the Quick Ratio of NovaGold Resources over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. NovaGold Resources' Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NovaGold Resources' overall financial position and show how it may be relating to other accounts over time.
| Quick Ratio | 10 Years Trend |
|
Quick Ratio |
| Timeline |
NovaGold Quick Ratio Regression Statistics
| Arithmetic Mean | 28.60 | |
| Geometric Mean | 18.61 | |
| Coefficient Of Variation | 56.04 | |
| Mean Deviation | 13.12 | |
| Median | 32.57 | |
| Standard Deviation | 16.03 | |
| Sample Variance | 256.92 | |
| Range | 55.7899 | |
| R-Value | 0.15 | |
| Mean Square Error | 267.95 | |
| R-Squared | 0.02 | |
| Significance | 0.57 | |
| Slope | 0.47 | |
| Total Sum of Squares | 4,111 |
NovaGold Quick Ratio History
About NovaGold Resources Financial Statements
NovaGold Resources stakeholders use historical fundamental indicators, such as NovaGold Resources' Quick Ratio, to determine how well the company is positioned to perform in the future. Although NovaGold Resources investors may analyze each financial statement separately, they are all interrelated. For example, changes in NovaGold Resources' assets and liabilities are reflected in the revenues and expenses on NovaGold Resources' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in NovaGold Resources. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Quick Ratio | 21.41 | 13.11 |
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Check out the analysis of NovaGold Resources Correlation against competitors. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Can Metals & Mining industry sustain growth momentum? Does NovaGold have expansion opportunities? Factors like these will boost the valuation of NovaGold Resources. Anticipated expansion of NovaGold directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating NovaGold Resources demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Investors evaluate NovaGold Resources using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating NovaGold Resources' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause NovaGold Resources' market price to deviate significantly from intrinsic value.
It's important to distinguish between NovaGold Resources' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding NovaGold Resources should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, NovaGold Resources' market price signifies the transaction level at which participants voluntarily complete trades.