New Historical Balance Sheet
| NFG Stock | CAD 2.59 0.08 3.19% |
Trend analysis of New Found Gold balance sheet accounts such as Accounts Payable of 6.4 M provides information on New Found's total assets, liabilities, and equity, which is the actual value of New Found Gold to its prevalent stockholders. By breaking down trends over time using New Found balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About New Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of New Found Gold at a specified time, usually calculated after every quarter, six months, or one year. New Found Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Found and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which New currently owns. An asset can also be divided into two categories, current and non-current.
New Found Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on New Found balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Found Gold are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Accounts Payable
An accounting item on the balance sheet that represents New Found obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of New Found Gold are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most accounts from New Found's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into New Found Gold current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 New Found Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, New Found's Other Current Assets are fairly stable compared to the past year. Net Invested Capital is likely to climb to about 77.8 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 9.6 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 12.8M | 27.1M | 19.0M | 9.6M | Other Current Liabilities | 10.1M | 21.5M | 12.4M | 7.0M |
New Found balance sheet Correlations
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New Found Account Relationship Matchups
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New Found balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 21.7K | 185.4K | 10.1M | 21.5M | 12.4M | 7.0M | |
| Total Current Liabilities | 392.8K | 635.1K | 12.8M | 27.1M | 19.0M | 9.6M | |
| Net Tangible Assets | 955.2K | 9.0M | 72.9M | 122.7M | 141.1M | 148.1M | |
| Retained Earnings | (6.4M) | (39.0M) | (89.6M) | (179.6M) | (259.5M) | (246.5M) | |
| Accounts Payable | 371.2K | 396.5K | 2.5M | 5.3M | 6.1M | 6.4M | |
| Net Receivables | 274.3K | 337.2K | 2.8K | 1.8M | 2.1M | 2.2M | |
| Other Stockholder Equity | 530.6K | 4.7M | 24.2M | 30.5M | 35.0M | 36.8M | |
| Total Current Assets | 8.2M | 71.2M | 136.5M | 94.3M | 62.4M | 59.0M | |
| Common Stock | 2.8M | 10.7M | 87.7M | 181.8M | 209.1M | 219.5M | |
| Property Plant Equipment | 719.3K | 1.1M | 2.4M | 11.5M | 13.3M | 13.9M |
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When running New Found's price analysis, check to measure New Found's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.