NovaGold Operating Cash Flow Per Share vs Capex To Revenue Analysis

NG Stock

USD 3.66 0.08 2.23%

NovaGold Resources financial indicator trend analysis is infinitely more than just investigating NovaGold Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NovaGold Resources is a good investment. Please check the relationship between NovaGold Resources Operating Cash Flow Per Share and its Capex To Revenue accounts. 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 price.

For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.

Operating Cash Flow Per Share vs Capex To Revenue

Operating Cash Flow Per Share vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NovaGold Resources Operating Cash Flow Per Share account and Capex To Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between NovaGold Resources' Operating Cash Flow Per Share and Capex To Revenue is -0.57. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of NovaGold Resources, assuming nothing else is changed. The correlation between historical values of NovaGold Resources' Operating Cash Flow Per Share and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Cash Flow Per Share of NovaGold Resources are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Operating Cash Flow Per Share i.e., NovaGold Resources' Operating Cash Flow Per Share and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from NovaGold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 price.

For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.At this time, NovaGold Resources' Sales General And Administrative To Revenue is most likely to increase significantly in the upcoming years. The NovaGold Resources' current Enterprise Value is estimated to increase to about 1.9 B, while Discontinued Operations is forecasted to increase to (69.5 M).

NovaGold Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Inventory	Other Liab	Net Tangible Assets
Total Assets		0.01	0.58	0.57	0.98	0.64	-0.61	-0.14	-0.86	0.58	0.96	-0.26	-0.13	0.66	0.32	0.02	0.51	0.53	0.42	0.34	0.59	0.45	-0.14	-0.43	0.46	0.66
Short Long Term Debt Total	0.01		0.3	0.24	-0.2	-0.41	0.28	-0.75	-0.21	0.43	-0.2	0.19	0.2	0.51	0.57	0.67	0.02	0.27	0.83	-0.22	0.52	-0.08	0.07	-0.73	-0.31	-0.34
Other Current Liab	0.58	0.3		0.99	0.5	-0.15	-0.77	0.02	-0.41	0.94	0.46	-0.11	-0.21	0.65	0.01	-0.2	0.02	1.0	0.55	-0.05	0.6	0.27	-0.09	-0.16	-0.14	-0.23
Total Current Liabilities	0.57	0.24	0.99		0.5	-0.14	-0.8	0.09	-0.39	0.92	0.46	-0.13	-0.23	0.62	-0.05	-0.26	0.03	0.99	0.5	-0.08	0.56	0.25	-0.09	-0.09	-0.1	-0.22
Total Stockholder Equity	0.98	-0.2	0.5	0.5		0.72	-0.65	0.01	-0.8	0.47	0.98	-0.28	-0.17	0.55	0.2	-0.12	0.5	0.45	0.24	0.39	0.48	0.46	-0.15	-0.28	0.51	0.72
Property Plant And Equipment Net	0.64	-0.41	-0.15	-0.14	0.72		-0.11	0.09	-0.63	-0.17	0.79	-0.52	0.02	-0.01	0.12	0.01	0.53	-0.2	-0.11	0.43	-0.09	0.13	-0.22	-0.12	0.79	0.93
Net Debt	-0.61	0.28	-0.77	-0.8	-0.65	-0.11		-0.39	0.32	-0.75	-0.57	0.21	0.39	-0.46	0.25	0.53	-0.15	-0.77	-0.08	-0.21	-0.42	-0.31	0.05	-0.2	0.01	-0.05
Retained Earnings	-0.14	-0.75	0.02	0.09	0.01	0.09	-0.39		0.3	-0.15	0.04	-0.33	-0.27	-0.52	-0.91	-0.88	-0.06	0.07	-0.74	0.16	-0.57	-0.08	-0.2	0.94	0.01	-0.1
Accounts Payable	-0.86	-0.21	-0.41	-0.39	-0.8	-0.63	0.32	0.3		-0.44	-0.81	0.34	0.29	-0.62	-0.43	-0.24	-0.49	-0.34	-0.5	-0.26	-0.52	-0.08	0.24	0.56	-0.5	-0.63
Cash	0.58	0.43	0.94	0.92	0.47	-0.17	-0.75	-0.15	-0.44		0.4	-0.07	-0.23	0.78	0.15	-0.04	0.16	0.91	0.65	0.05	0.75	0.23	0.0	-0.31	-0.23	-0.19
Non Current Assets Total	0.96	-0.2	0.46	0.46	0.98	0.79	-0.57	0.04	-0.81	0.4		-0.38	-0.08	0.44	0.16	-0.11	0.46	0.41	0.22	0.34	0.33	0.42	-0.26	-0.25	0.62	0.73
Non Currrent Assets Other	-0.26	0.19	-0.11	-0.13	-0.28	-0.52	0.21	-0.33	0.34	-0.07	-0.38		0.13	0.24	0.24	0.16	-0.2	-0.1	0.05	-0.17	0.22	0.51	-0.01	-0.21	-0.45	-0.23
Other Assets	-0.13	0.2	-0.21	-0.23	-0.17	0.02	0.39	-0.27	0.29	-0.23	-0.08	0.13		-0.18	0.21	0.29	-0.26	-0.2	0.11	-0.2	-0.24	0.37	-0.22	-0.22	0.15	-0.01
Cash And Short Term Investments	0.66	0.51	0.65	0.62	0.55	-0.01	-0.46	-0.52	-0.62	0.78	0.44	0.24	-0.18		0.59	0.36	0.37	0.6	0.77	0.2	0.94	0.4	-0.05	-0.66	-0.16	0.15
Common Stock Shares Outstanding	0.32	0.57	0.01	-0.05	0.2	0.12	0.25	-0.91	-0.43	0.15	0.16	0.24	0.21	0.59		0.91	0.17	-0.05	0.76	-0.05	0.62	0.15	0.15	-0.9	0.15	0.29
Non Current Liabilities Total	0.02	0.67	-0.2	-0.26	-0.12	0.01	0.53	-0.88	-0.24	-0.04	-0.11	0.16	0.29	0.36	0.91		0.15	-0.25	0.7	-0.04	0.39	-0.07	0.12	-0.8	0.02	0.13
Other Current Assets	0.51	0.02	0.02	0.03	0.5	0.53	-0.15	-0.06	-0.49	0.16	0.46	-0.2	-0.26	0.37	0.17	0.15		-0.05	0.16	0.78	0.38	0.2	0.02	-0.21	0.05	0.61
Other Stockholder Equity	0.53	0.27	1.0	0.99	0.45	-0.2	-0.77	0.07	-0.34	0.91	0.41	-0.1	-0.2	0.6	-0.05	-0.25	-0.05		0.5	-0.08	0.55	0.26	-0.08	-0.09	-0.16	-0.29
Total Liab	0.42	0.83	0.55	0.5	0.24	-0.11	-0.08	-0.74	-0.5	0.65	0.22	0.05	0.11	0.77	0.76	0.7	0.16	0.5		-0.1	0.75	0.1	0.03	-0.8	-0.07	-0.07
Property Plant And Equipment Gross	0.34	-0.22	-0.05	-0.08	0.39	0.43	-0.21	0.16	-0.26	0.05	0.34	-0.17	-0.2	0.2	-0.05	-0.04	0.78	-0.08	-0.1		0.17	0.32	-0.09	0.05	-0.21	0.49
Total Current Assets	0.59	0.52	0.6	0.56	0.48	-0.09	-0.42	-0.57	-0.52	0.75	0.33	0.22	-0.24	0.94	0.62	0.39	0.38	0.55	0.75	0.17		0.3	0.28	-0.68	-0.22	0.1
Short Term Debt	0.45	-0.08	0.27	0.25	0.46	0.13	-0.31	-0.08	-0.08	0.23	0.42	0.51	0.37	0.4	0.15	-0.07	0.2	0.26	0.1	0.32	0.3		-0.24	-0.19	-0.07	0.28
Net Receivables	-0.14	0.07	-0.09	-0.09	-0.15	-0.22	0.05	-0.2	0.24	0.0	-0.26	-0.01	-0.22	-0.05	0.15	0.12	0.02	-0.08	0.03	-0.09	0.28	-0.24		-0.11	-0.18	-0.13
Inventory	-0.43	-0.73	-0.16	-0.09	-0.28	-0.12	-0.2	0.94	0.56	-0.31	-0.25	-0.21	-0.22	-0.66	-0.9	-0.8	-0.21	-0.09	-0.8	0.05	-0.68	-0.19	-0.11		-0.14	-0.28
Other Liab	0.46	-0.31	-0.14	-0.1	0.51	0.79	0.01	0.01	-0.5	-0.23	0.62	-0.45	0.15	-0.16	0.15	0.02	0.05	-0.16	-0.07	-0.21	-0.22	-0.07	-0.18	-0.14		0.68
Net Tangible Assets	0.66	-0.34	-0.23	-0.22	0.72	0.93	-0.05	-0.1	-0.63	-0.19	0.73	-0.23	-0.01	0.15	0.29	0.13	0.61	-0.29	-0.07	0.49	0.1	0.28	-0.13	-0.28	0.68

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NovaGold Resources Account Relationship Matchups

NovaGold Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	224.4M	198.9M	159.2M	133.3M	153.3M	145.6M
Short Long Term Debt Total	110.4M	116.1M	124.6M	137.5M	158.2M	166.1M
Other Current Liab	2.4M	3.5M	3.7M	3.0M	3.5M	3.3M
Total Current Liabilities	3.5M	4.4M	4.6M	3.9M	4.5M	4.3M
Total Stockholder Equity	110.7M	78.3M	29.9M	(8.2M)	(9.5M)	(9.0M)
Property Plant And Equipment Net	634K	423K	958K	898K	808.2K	767.8K
Net Debt	49.5M	25.0M	60.7M	91.8M	105.6M	110.8M
Retained Earnings	(1.9B)	(2.0B)	(2.0B)	(2.1B)	(1.9B)	(1.8B)
Accounts Payable	900K	682K	769K	703K	632.7K	601.1K
Cash	60.9M	91.1M	63.9M	45.7M	52.6M	56.7M
Non Current Assets Total	28.1M	29.4M	6.7M	6.1M	7.0M	6.6M
Non Currrent Assets Other	89.5M	92.7M	23.4M	23.6M	27.1M	20.5M
Other Assets	92.7M	25.4M	104.2M	87.5M	100.7M	105.7M
Cash And Short Term Investments	121.9M	169.1M	125.9M	125.7M	144.6M	94.2M
Common Stock Shares Outstanding	329.3M	331.5M	333.2M	334.1M	384.2M	200.8M
Liabilities And Stockholders Equity	224.4M	198.9M	159.2M	133.3M	153.3M	145.6M
Non Current Liabilities Total	110.2M	116.2M	124.7M	137.6M	158.2M	88.1M
Other Current Assets	1.3M	25K	1.3M	1.1M	1.3M	1.3M
Other Stockholder Equity	81.2M	82.2M	82.9M	88.6M	101.9M	96.8M
Total Liab	113.7M	120.6M	129.3M	141.5M	162.7M	107.2M
Total Current Assets	196.4M	169.5M	152.5M	127.2M	146.3M	102.2M
Accumulated Other Comprehensive Income	(23.9M)	(23.3M)	(24.4M)	(24.5M)	(22.0M)	(20.9M)
Short Term Debt	207K	224K	142K	192K	220.8K	209.8K
Net Receivables	73.2M	302K	25.4M	344.7K	396.5K	376.6K
Other Liab	80K	751K	464K	200K	180K	171K
Net Tangible Assets	138.0M	110.7M	78.3M	29.9M	34.4M	32.7M
Long Term Debt	109.8M	115.7M	123.7M	136.7M	157.3M	165.1M
Common Stock Total Equity	2.0B	2.0B	2.0B	2.0B	2.3B	2.4B
Retained Earnings Total Equity	(1.9B)	(1.9B)	(2.0B)	(2.0B)	(1.8B)	(1.7B)
Short Term Investments	61M	78M	62M	80M	92M	96.6M
Long Term Investments	26.0M	5.4M	5.7M	5.2M	5.9M	5.7M
Common Stock	2.0B	2.0B	2.0B	2.0B	2.3B	1.2B
Property Plant Equipment	42K	634K	423K	958K	862.2K	819.1K
Long Term Debt Total	103.8M	109.8M	115.7M	123.7M	142.2M	106.3M
Capital Surpluse	82.3M	81.2M	82.2M	82.9M	95.3M	88.5M

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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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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 price.

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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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.

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NovaGold Operating Cash Flow Per Share vs Capex To Revenue Analysis

Operating Cash Flow Per Share vs Capex To Revenue

Operating Cash Flow Per Share vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Operating Cash Flow Per Share

Capex To Revenue

NovaGold Resources fundamental ratios Correlations

NovaGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NovaGold Resources fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Other Current Liab
Total Current Liabilities	+ 0.99	Other Current Liab
Other Stockholder Equity	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Assets

Common Stock Shares Outstanding	- 0.91	Retained Earnings
Inventory	- 0.9	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.88	Retained Earnings
Accounts Payable	- 0.86	Total Assets
Non Current Assets Total	- 0.81	Accounts Payable
Inventory	- 0.8	Total Liab