NovaGold Historical Income Statement

NG Stock

CAD 5.03 0.08 1.62%

Historical analysis of NovaGold Resources income statement accounts such as Other Operating Expenses of 30.5 M can show how well NovaGold Resources performed in making a profits. Evaluating NovaGold Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NovaGold Resources's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining NovaGold Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NovaGold Resources is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.

About NovaGold Income Statement Analysis

NovaGold Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to NovaGold Resources shareholders. The income statement also shows NovaGold investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

NovaGold Resources Income Statement Chart

At this time, NovaGold Resources' Interest Expense is very stable compared to the past year. As of the 27th of November 2024, Selling General Administrative is likely to grow to about 23.9 M, while Gross Profit is likely to drop (9.4 K).

Selling General Administrative Other Operating Expenses Total Operating Expenses Selling And Marketing Expenses Reconciled Depreciation

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NovaGold Resources. It is also known as NovaGold Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from NovaGold Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NovaGold Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.At this time, NovaGold Resources' Interest Expense is very stable compared to the past year. As of the 27th of November 2024, Selling General Administrative is likely to grow to about 23.9 M, while Gross Profit is likely to drop (9.4 K).

NovaGold Resources income statement Correlations

	Interest Expense	Selling General Administrative	Gross Profit	Other Operating Expenses	Operating Income	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Ebit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Selling And Marketing Expenses	Research Development	Net Income From Continuing Ops	Tax Provision	Interest Income	Discontinued Operations	Non Recurring	Net Interest Income
Interest Expense		0.6	-0.42	0.89	-0.4	-0.45	0.88	0.14	-0.31	-0.49	-0.44	0.09	0.24	0.33	-0.5	-0.61	-0.39	-0.1	0.23	-0.23	-0.56	-0.43
Selling General Administrative	0.6		-0.75	0.67	-0.91	-0.92	0.6	0.38	-0.59	-0.52	-0.92	0.43	0.68	0.65	-0.62	-0.57	-0.06	-0.06	-0.2	0.21	-0.05	0.03
Gross Profit	-0.42	-0.75		-0.6	0.71	0.8	-0.5	-0.77	0.88	-0.01	0.8	-0.89	-0.97	-0.98	0.08	0.05	0.06	0.01	0.32	-0.28	-0.1	-0.13
Other Operating Expenses	0.89	0.67	-0.6		-0.49	-0.57	0.99	0.32	-0.55	-0.48	-0.56	0.29	0.43	0.51	-0.52	-0.62	-0.31	-0.15	0.22	-0.08	-0.32	-0.39
Operating Income	-0.4	-0.91	0.71	-0.49		0.98	-0.44	-0.37	0.49	0.4	0.98	-0.39	-0.68	-0.62	0.51	0.4	0.14	0.08	0.28	-0.25	-0.28	-0.13
Ebitda	-0.45	-0.92	0.8	-0.57	0.98		-0.5	-0.47	0.59	0.33	1.0	-0.49	-0.75	-0.72	0.43	0.34	0.19	0.11	0.3	-0.31	-0.23	-0.07
Total Operating Expenses	0.88	0.6	-0.5	0.99	-0.44	-0.5		0.23	-0.46	-0.52	-0.49	0.19	0.32	0.4	-0.56	-0.65	-0.31	-0.16	0.28	-0.12	-0.3	-0.42
Net Income	0.14	0.38	-0.77	0.32	-0.37	-0.47	0.23		-0.73	0.33	-0.48	0.82	0.79	0.82	0.26	0.26	-0.06	-0.07	-0.45	0.42	0.08	0.24
Income Tax Expense	-0.31	-0.59	0.88	-0.55	0.49	0.59	-0.46	-0.73		0.01	0.59	-0.83	-0.88	-0.86	0.1	0.09	0.09	0.2	0.12	-0.07	0.0	0.08
Depreciation And Amortization	-0.49	-0.52	-0.01	-0.48	0.4	0.33	-0.52	0.33	0.01		0.31	0.33	0.1	0.17	0.94	0.92	-0.08	-0.02	-0.28	0.24	0.15	0.1
Ebit	-0.44	-0.92	0.8	-0.56	0.98	1.0	-0.49	-0.48	0.59	0.31		-0.51	-0.76	-0.73	0.42	0.33	0.19	0.11	0.31	-0.32	-0.24	-0.08
Income Before Tax	0.09	0.43	-0.89	0.29	-0.39	-0.49	0.19	0.82	-0.83	0.33	-0.51		0.93	0.94	0.26	0.29	0.17	0.1	-0.43	0.34	0.17	0.32
Total Other Income Expense Net	0.24	0.68	-0.97	0.43	-0.68	-0.75	0.32	0.79	-0.88	0.1	-0.76	0.93		0.97	0.0	0.06	0.04	0.02	-0.39	0.27	0.21	0.26
Cost Of Revenue	0.33	0.65	-0.98	0.51	-0.62	-0.72	0.4	0.82	-0.86	0.17	-0.73	0.94	0.97		0.09	0.12	-0.07	-0.01	-0.38	0.33	0.12	0.15
Selling And Marketing Expenses	-0.5	-0.62	0.08	-0.52	0.51	0.43	-0.56	0.26	0.1	0.94	0.42	0.26	0.0	0.09		0.96	-0.06	-0.01	-0.33	0.29	0.1	0.13
Research Development	-0.61	-0.57	0.05	-0.62	0.4	0.34	-0.65	0.26	0.09	0.92	0.33	0.29	0.06	0.12	0.96		0.0	0.02	-0.43	0.34	0.3	0.24
Net Income From Continuing Ops	-0.39	-0.06	0.06	-0.31	0.14	0.19	-0.31	-0.06	0.09	-0.08	0.19	0.17	0.04	-0.07	-0.06	0.0		0.41	-0.35	0.13	0.26	0.75
Tax Provision	-0.1	-0.06	0.01	-0.15	0.08	0.11	-0.16	-0.07	0.2	-0.02	0.11	0.1	0.02	-0.01	-0.01	0.02	0.41		0.05	0.04	0.13	0.59
Interest Income	0.23	-0.2	0.32	0.22	0.28	0.3	0.28	-0.45	0.12	-0.28	0.31	-0.43	-0.39	-0.38	-0.33	-0.43	-0.35	0.05		-0.7	-0.31	-0.59
Discontinued Operations	-0.23	0.21	-0.28	-0.08	-0.25	-0.31	-0.12	0.42	-0.07	0.24	-0.32	0.34	0.27	0.33	0.29	0.34	0.13	0.04	-0.7		0.27	0.38
Non Recurring	-0.56	-0.05	-0.1	-0.32	-0.28	-0.23	-0.3	0.08	0.0	0.15	-0.24	0.17	0.21	0.12	0.1	0.3	0.26	0.13	-0.31	0.27		0.47
Net Interest Income	-0.43	0.03	-0.13	-0.39	-0.13	-0.07	-0.42	0.24	0.08	0.1	-0.08	0.32	0.26	0.15	0.13	0.24	0.75	0.59	-0.59	0.38	0.47

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NovaGold Resources Account Relationship Matchups

NovaGold Resources income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	6.0M	5.9M	8.0M	13.1M	15.0M	15.8M
Selling General Administrative	18.7M	20.2M	20.1M	14.4M	16.6M	23.9M
Gross Profit	(22K)	(15K)	(7K)	(10K)	(9K)	(9.5K)
Other Operating Expenses	18.7M	20.2M	19.3M	39.5M	45.4M	30.5M
Operating Income	(33.2M)	(36.8M)	(48.3M)	(21.8M)	(19.6M)	(20.6M)
Ebitda	(28.2M)	(33.6M)	(45.8M)	(21.8M)	(19.6M)	(20.6M)
Total Operating Expenses	18.7M	20.2M	19.3M	39.5M	45.4M	27.0M
Net Income	(33.6M)	(40.5M)	(53.3M)	(46.8M)	(42.1M)	(44.2M)
Income Tax Expense	(781K)	137K	(33K)	39K	44.9K	47.1K
Depreciation And Amortization	15K	7K	938K	10K	9K	8.6K
Ebit	(28.2M)	(34.6M)	(45.8M)	(21.8M)	(19.6M)	(20.6M)
Income Before Tax	(34.3M)	(40.4M)	(53.4M)	(46.8M)	(42.1M)	(44.2M)
Total Other Income Expense Net	(1.1M)	(3.6M)	(5.1M)	(25.0M)	(22.5M)	(21.4M)
Cost Of Revenue	22K	15K	7K	10K	9K	8.6K
Net Income From Continuing Ops	(33.6M)	(40.5M)	(53.3M)	(46.8M)	(42.1M)	(44.2M)
Net Income Applicable To Common Shares	(27.8M)	(33.6M)	(40.5M)	(53.3M)	(48.0M)	(50.4M)
Tax Provision	(781K)	137K	(33K)	39K	35.1K	33.3K
Interest Income	1.7M	5.4M	5.6M	5.8M	6.7M	4.2M
Net Interest Income	(4.3M)	(5.5M)	(6.4M)	(7.3M)	(6.5M)	(6.9M)

Pair Trading with NovaGold Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NovaGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NovaGold Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against NovaGold Stock

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0.51	WMT	Walmart Inc CDR	Pair Corr

The ability to find closely correlated positions to NovaGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NovaGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NovaGold Resources to buy it.

The correlation of NovaGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NovaGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NovaGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:

How To Invest In NovaGold

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Is NovaGold Stock a good investment?

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What is NovaGold Resources' Net Worth?

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Largest Metals & Mining Companies

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Largest Materials Companies

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To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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NovaGold Historical Income Statement

About NovaGold Income Statement Analysis

NovaGold Resources Income Statement Chart

Other Operating Expenses

Total Operating Expenses

NovaGold Resources income statement Correlations

NovaGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NovaGold Resources income statement Accounts

Pair Trading with NovaGold Resources

Moving against NovaGold Stock

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Interest Expense	Selling General Administrative
Total Revenue	Gross Profit
Other Operating Expenses	Operating Income
Ebitda	Total Operating Expenses
Net Income	Income Tax Expense
Depreciation And Amortization	Ebit
Income Before Tax	Total Other Income Expense Net
Cost Of Revenue	Selling And Marketing Expenses
Research Development	Net Income From Continuing Ops
Net Income Applicable To Common Shares	Tax Provision
Interest Income	Discontinued Operations
Non Recurring	Net Interest Income
Extraordinary Items	Reconciled Depreciation

Ebit	+ 1.0	Ebitda
Total Operating Expenses	+ 0.99	Other Operating Expenses
Ebitda	+ 0.98	Operating Income
Ebit	+ 0.98	Operating Income
Cost Of Revenue	+ 0.97	Total Other Income Expense Net
Research Development	+ 0.96	Selling And Marketing Expenses

Cost Of Revenue	- 0.98	Gross Profit
Total Other Income Expense Net	- 0.97	Gross Profit
Ebit	- 0.92	Selling General Administrative
Ebitda	- 0.92	Selling General Administrative
Operating Income	- 0.91	Selling General Administrative
Income Before Tax	- 0.89	Gross Profit