NovaGold Historical Balance Sheet

NG Stock

USD 3.08 0.02 0.65%

Trend analysis of NovaGold Resources balance sheet accounts such as Total Current Liabilities of 3.8 M, Property Plant And Equipment Net of 867.8 K or Net Debt of 133.1 M provides information on NovaGold Resources' total assets, liabilities, and equity, which is the actual value of NovaGold Resources to its prevalent stockholders. By breaking down trends over time using NovaGold Resources 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.

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.

NovaGold Resources Inventory

710.51

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.

About NovaGold Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of NovaGold Resources at a specified time, usually calculated after every quarter, six months, or one year. NovaGold Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NovaGold Resources 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 NovaGold currently owns. An asset can also be divided into two categories, current and non-current.

NovaGold Resources Balance Sheet Chart

At this time, NovaGold Resources' Cash is most likely to decrease significantly in the upcoming years. The NovaGold Resources' current Other Assets is estimated to increase to about 73.1 M, while Other Current Liabilities is projected to decrease to roughly 3 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Total Assets

Total assets refers to the total amount of NovaGold Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NovaGold Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on NovaGold Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NovaGold Resources 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.

Most accounts from NovaGold Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 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 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' Cash is most likely to decrease significantly in the upcoming years. The NovaGold Resources' current Other Assets is estimated to increase to about 73.1 M, while Other Current Liabilities is projected to decrease to roughly 3 M.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	137.5M	152.5M	175.3M	184.1M
Total Assets	133.3M	109.8M	126.2M	119.9M

Short Long Term Debt Total Total Assets

NovaGold Resources balance sheet 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		-0.13	0.57	0.57	0.98	0.66	-0.65	-0.06	-0.9	0.58	0.96	0.05	-0.09	0.7	0.27	-0.11	0.49	-0.15	0.27	0.35	0.63	0.48	-0.1	-0.39	0.48	0.68
Short Long Term Debt Total	-0.13		0.22	0.18	-0.34	-0.43	0.43	-0.73	0.2	0.33	-0.28	-0.18	0.12	0.34	0.54	0.69	0.02	0.74	0.82	-0.22	0.34	-0.16	0.01	-0.67	-0.34	-0.39
Other Current Liab	0.57	0.22		0.99	0.49	-0.14	-0.73	0.04	-0.4	0.94	0.46	-0.02	-0.2	0.66	0.0	-0.21	0.02	0.37	0.47	-0.04	0.61	0.28	-0.08	-0.15	-0.13	-0.21
Total Current Liabilities	0.57	0.18	0.99		0.49	-0.12	-0.75	0.1	-0.39	0.92	0.47	-0.03	-0.22	0.63	-0.06	-0.27	0.03	0.36	0.43	-0.08	0.57	0.26	-0.08	-0.09	-0.08	-0.2
Total Stockholder Equity	0.98	-0.34	0.49	0.49		0.72	-0.71	0.09	-0.9	0.47	0.97	0.11	-0.11	0.59	0.14	-0.26	0.46	-0.31	0.07	0.38	0.53	0.49	-0.09	-0.23	0.53	0.73
Property Plant And Equipment Net	0.66	-0.43	-0.14	-0.12	0.72		-0.18	0.13	-0.68	-0.15	0.79	-0.24	0.05	0.04	0.1	-0.07	0.52	-0.39	-0.17	0.43	-0.03	0.16	-0.2	-0.11	0.8	0.93
Net Debt	-0.65	0.43	-0.73	-0.75	-0.71	-0.18		-0.43	0.56	-0.71	-0.61	-0.14	0.3	-0.51	0.26	0.58	-0.14	0.24	0.08	-0.22	-0.47	-0.35	-0.01	-0.21	-0.06	-0.14
Retained Earnings	-0.06	-0.73	0.04	0.1	0.09	0.13	-0.43		0.11	-0.12	0.1	-0.1	-0.25	-0.45	-0.91	-0.85	-0.06	-0.16	-0.74	0.17	-0.49	-0.03	-0.17	0.93	0.05	-0.04
Accounts Payable	-0.9	0.2	-0.4	-0.39	-0.9	-0.68	0.56	0.11		-0.43	-0.86	-0.01	0.25	-0.63	-0.3	0.08	-0.41	0.36	-0.16	-0.28	-0.57	-0.24	0.09	0.39	-0.55	-0.71
Cash	0.58	0.33	0.94	0.92	0.47	-0.15	-0.71	-0.12	-0.43		0.41	0.01	-0.23	0.79	0.14	-0.08	0.16	0.34	0.55	0.06	0.76	0.25	0.01	-0.3	-0.21	-0.16
Non Current Assets Total	0.96	-0.28	0.46	0.47	0.97	0.79	-0.61	0.1	-0.86	0.41		-0.04	-0.03	0.49	0.13	-0.2	0.44	-0.19	0.11	0.34	0.39	0.44	-0.22	-0.23	0.63	0.75
Non Currrent Assets Other	0.05	-0.18	-0.02	-0.03	0.11	-0.24	-0.14	-0.1	-0.01	0.01	-0.04		0.13	0.31	0.12	-0.15	-0.16	-0.32	-0.17	-0.07	0.3	0.67	0.03	-0.1	-0.21	0.06
Other Assets	-0.09	0.12	-0.2	-0.22	-0.11	0.05	0.3	-0.25	0.25	-0.23	-0.03	0.13		-0.17	0.22	0.24	-0.26	-0.04	0.08	-0.19	-0.22	0.41	-0.2	-0.21	0.18	0.04
Cash And Short Term Investments	0.7	0.34	0.66	0.63	0.59	0.04	-0.51	-0.45	-0.63	0.79	0.49	0.31	-0.17		0.53	0.21	0.37	0.07	0.61	0.21	0.95	0.44	-0.02	-0.63	-0.11	0.21
Common Stock Shares Outstanding	0.27	0.54	0.0	-0.06	0.14	0.1	0.26	-0.91	-0.3	0.14	0.13	0.12	0.22	0.53		0.87	0.17	0.01	0.76	-0.06	0.55	0.12	0.14	-0.91	0.13	0.26
Non Current Liabilities Total	-0.11	0.69	-0.21	-0.27	-0.26	-0.07	0.58	-0.85	0.08	-0.08	-0.2	-0.15	0.24	0.21	0.87		0.14	0.26	0.75	-0.07	0.22	-0.15	0.06	-0.74	-0.05	0.01
Other Current Assets	0.49	0.02	0.02	0.03	0.46	0.52	-0.14	-0.06	-0.41	0.16	0.44	-0.16	-0.26	0.37	0.17	0.14		-0.03	0.15	0.78	0.37	0.2	0.02	-0.21	0.05	0.59
Other Stockholder Equity	-0.15	0.74	0.37	0.36	-0.31	-0.39	0.24	-0.16	0.36	0.34	-0.19	-0.32	-0.04	0.07	0.01	0.26	-0.03		0.55	-0.15	0.02	-0.18	-0.21	-0.16	-0.34	-0.48
Total Liab	0.27	0.82	0.47	0.43	0.07	-0.17	0.08	-0.74	-0.16	0.55	0.11	-0.17	0.08	0.61	0.76	0.75	0.15	0.55		-0.12	0.58	0.02	-0.01	-0.76	-0.12	-0.15
Property Plant And Equipment Gross	0.35	-0.22	-0.04	-0.08	0.38	0.43	-0.22	0.17	-0.28	0.06	0.34	-0.07	-0.19	0.21	-0.06	-0.07	0.78	-0.15	-0.12		0.19	0.32	-0.08	0.05	-0.19	0.49
Total Current Assets	0.63	0.34	0.61	0.57	0.53	-0.03	-0.47	-0.49	-0.57	0.76	0.39	0.3	-0.22	0.95	0.55	0.22	0.37	0.02	0.58	0.19		0.34	0.3	-0.64	-0.17	0.16
Short Term Debt	0.48	-0.16	0.28	0.26	0.49	0.16	-0.35	-0.03	-0.24	0.25	0.44	0.67	0.41	0.44	0.12	-0.15	0.2	-0.18	0.02	0.32	0.34		-0.22	-0.18	-0.04	0.31
Net Receivables	-0.1	0.01	-0.08	-0.08	-0.09	-0.2	-0.01	-0.17	0.09	0.01	-0.22	0.03	-0.2	-0.02	0.14	0.06	0.02	-0.21	-0.01	-0.08	0.3	-0.22		-0.1	-0.16	-0.1
Inventory	-0.39	-0.67	-0.15	-0.09	-0.23	-0.11	-0.21	0.93	0.39	-0.3	-0.23	-0.1	-0.21	-0.63	-0.91	-0.74	-0.21	-0.16	-0.76	0.05	-0.64	-0.18	-0.1		-0.13	-0.26
Other Liab	0.48	-0.34	-0.13	-0.08	0.53	0.8	-0.06	0.05	-0.55	-0.21	0.63	-0.21	0.18	-0.11	0.13	-0.05	0.05	-0.34	-0.12	-0.19	-0.17	-0.04	-0.16	-0.13		0.69
Net Tangible Assets	0.68	-0.39	-0.21	-0.2	0.73	0.93	-0.14	-0.04	-0.71	-0.16	0.75	0.06	0.04	0.21	0.26	0.01	0.59	-0.48	-0.15	0.49	0.16	0.31	-0.1	-0.26	0.69

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NovaGold Resources Account Relationship Matchups

NovaGold Resources balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	198.9M	159.2M	133.3M	109.8M	126.2M	119.9M
Short Long Term Debt Total	116.1M	124.6M	137.5M	152.5M	175.3M	184.1M
Other Current Liab	3.5M	3.7M	3.0M	2.7M	3.1M	3.0M
Total Current Liabilities	4.4M	4.6M	3.9M	4.5M	4.0M	3.8M
Total Stockholder Equity	78.3M	29.9M	(8.2M)	(47.4M)	(54.5M)	(51.8M)
Property Plant And Equipment Net	423K	958K	898K	1.0M	913.5K	867.8K
Net Debt	25.0M	60.7M	91.8M	110.2M	126.8M	133.1M
Retained Earnings	(2.0B)	(2.0B)	(2.1B)	(2.1B)	(1.9B)	(1.8B)
Accounts Payable	682K	769K	703K	1.4M	1.2M	1.2M
Cash	91.1M	63.9M	45.7M	42.2M	48.6M	56.3M
Non Current Assets Total	29.4M	6.7M	6.1M	7.0M	8.0M	7.6M
Non Currrent Assets Other	92.7M	23.4M	23.6M	(7.0M)	(8.0M)	(7.6M)
Cash And Short Term Investments	169.1M	125.9M	125.7M	101.2M	116.4M	94.7M
Common Stock Shares Outstanding	331.5M	333.2M	334.1M	334.5M	384.6M	206.6M
Liabilities And Stockholders Equity	198.9M	159.2M	133.3M	109.8M	126.2M	119.9M
Non Current Liabilities Total	116.2M	124.7M	137.6M	152.7M	175.6M	90.9M
Other Current Assets	25K	1.3M	1.1M	1.2M	1.4M	1.3M
Other Stockholder Equity	82.2M	82.9M	88.6M	2.1B	2.4B	2.5B
Total Liab	120.6M	129.3M	141.5M	157.2M	180.7M	109.5M
Property Plant And Equipment Gross	423K	958K	898K	1.0M	913.5K	867.8K
Total Current Assets	169.5M	152.5M	127.2M	102.8M	118.2M	102.6M
Accumulated Other Comprehensive Income	(23.3M)	(24.4M)	(24.5M)	(25.1M)	(22.6M)	(21.5M)
Short Term Debt	224K	142K	192K	169K	194.4K	184.6K
Net Receivables	302K	25.4M	344.7K	22K	25.3K	24.0K
Net Tangible Assets	138.0M	110.7M	78.3M	29.9M	34.4M	32.7M
Long Term Debt	115.7M	123.7M	136.7M	151.5M	174.3M	183.0M
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	78M	62M	80M	59M	67.9M	44.6M
Long Term Investments	5.4M	5.7M	5.2M	6.0M	6.9M	6.5M
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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For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.

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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.

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 Balance Sheet

NovaGold Resources Inventory

710.51

About NovaGold Balance Sheet Analysis

NovaGold Resources Balance Sheet Chart

Total Assets

Total Current Liabilities

NovaGold Resources balance sheet Correlations

NovaGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NovaGold Resources balance sheet Accounts

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Total Current Liabilities	+ 0.99	Other Current Liab
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Assets
Total Current Assets	+ 0.95	Cash And Short Term Investments
Cash	+ 0.94	Other Current Liab

Inventory	- 0.91	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.91	Retained Earnings
Accounts Payable	- 0.9	Total Stockholder Equity
Accounts Payable	- 0.9	Total Assets
Non Current Assets Total	- 0.86	Accounts Payable
Non Current Liabilities Total	- 0.85	Retained Earnings