Novagold Resources Stock Debt To Equity
| NG Stock | USD 3.57 0.01 0.28% |
NovaGold Resources fundamentals help investors to digest information that contributes to NovaGold Resources' financial success or failures. It also enables traders to predict the movement of NovaGold Stock. The fundamental analysis module provides a way to measure NovaGold Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NovaGold Resources stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | (19.12) | (18.17) |
NovaGold | Debt To Equity |
NovaGold Resources Company Debt To Equity Analysis
NovaGold Resources' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current NovaGold Resources Debt To Equity | 2.99 % |
Most of NovaGold Resources' fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NovaGold Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NovaGold Debt To Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for NovaGold Resources is extremely important. It helps to project a fair market value of NovaGold Stock properly, considering its historical fundamentals such as Debt To Equity. Since NovaGold Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NovaGold Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NovaGold Resources' interrelated accounts and indicators.
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High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
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NovaGold Total Stockholder Equity
Total Stockholder Equity |
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According to the company disclosure, NovaGold Resources has a Debt To Equity of 2.987%. This is 95.36% lower than that of the Metals & Mining sector and 88.85% lower than that of the Materials industry. The debt to equity for all United States stocks is 93.87% higher than that of the company.
NovaGold Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NovaGold Resources' direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NovaGold Resources could also be used in its relative valuation, which is a method of valuing NovaGold Resources by comparing valuation metrics of similar companies.NovaGold Resources is currently under evaluation in debt to equity category among its peers.
NovaGold Resources ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NovaGold Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NovaGold Resources' managers, analysts, and investors.Environmental | Governance | Social |
NovaGold Fundamentals
| Return On Equity | -17.91 | ||||
| Return On Asset | -0.12 | ||||
| Current Valuation | 1.23 B | ||||
| Shares Outstanding | 334.57 M | ||||
| Shares Owned By Insiders | 26.46 % | ||||
| Shares Owned By Institutions | 58.27 % | ||||
| Number Of Shares Shorted | 8.78 M | ||||
| Price To Earning | (37.59) X | ||||
| Price To Book | 25,838 X | ||||
| EBITDA | (40.31 M) | ||||
| Net Income | (46.8 M) | ||||
| Cash And Equivalents | 63.88 M | ||||
| Cash Per Share | 0.40 X | ||||
| Total Debt | 137.55 M | ||||
| Debt To Equity | 2.99 % | ||||
| Current Ratio | 45.44 X | ||||
| Book Value Per Share | (0.11) X | ||||
| Cash Flow From Operations | (7.79 M) | ||||
| Short Ratio | 8.80 X | ||||
| Earnings Per Share | (0.14) X | ||||
| Target Price | 7.5 | ||||
| Number Of Employees | 13 | ||||
| Beta | 1.1 | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 133.29 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 123.31 M | ||||
| Current Asset | 107.34 M | ||||
| Current Liabilities | 3.05 M | ||||
| Net Asset | 133.29 M |
About NovaGold Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NovaGold Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NovaGold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NovaGold Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Check out NovaGold Resources Piotroski F Score and NovaGold Resources Altman Z Score analysis. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NovaGold Resources. If investors know NovaGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.12) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.