New Historical Balance Sheet

NGD Stock

CAD 3.72 0.25 6.30%

Trend analysis of New Gold balance sheet accounts such as Total Current Liabilities of 240.4 M provides information on New Gold's total assets, liabilities, and equity, which is the actual value of New Gold to its prevalent stockholders. By breaking down trends over time using New Gold 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

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining New Gold 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 New Gold is a good buy for the upcoming year.

New Gold Inventory

95.51 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New 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.

To learn how to invest in New Stock, please use our How to Invest in New Gold guide.

About New Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of New Gold at a specified time, usually calculated after every quarter, six months, or one year. New Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Gold 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 Gold Balance Sheet Chart

At this time, New Gold's Net Receivables is very stable compared to the past year. As of the 26th of November 2024, Common Stock Shares Outstanding is likely to grow to about 718.2 M, while Total Assets are likely to drop about 2 B.

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

Add Fundamental

Total Assets

Total assets refers to the total amount of New Gold 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 New Gold 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 New Gold 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 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.

Most accounts from New Gold's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into New 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 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.

To learn how to invest in New Stock, please use our How to Invest in New Gold guide.At this time, New Gold's Net Receivables is very stable compared to the past year. As of the 26th of November 2024, Common Stock Shares Outstanding is likely to grow to about 718.2 M, while Total Assets are likely to drop about 2 B.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	501.7M	396.2M	398.6M	489.6M
Total Assets	2.5B	2.2B	2.3B	2.0B

Short Long Term Debt Total Total Assets

New Gold balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Inventory	Other Current Assets	Other Assets	Short Term Investments	Non Currrent Assets Other	Other Liab
Total Assets		0.8	0.08	0.28	0.95	0.99	0.64	0.41	0.39	0.39	0.68	0.99	0.64	0.57	0.25	0.82	0.11	0.82	0.52	0.8	0.88	0.28	0.83	-0.25	0.6	0.51
Short Long Term Debt Total	0.8		-0.1	0.11	0.67	0.8	0.56	0.81	0.1	0.4	0.37	0.81	0.33	0.53	0.32	0.84	-0.34	0.8	0.32	0.54	0.87	0.12	0.62	-0.29	0.61	0.28
Other Current Liab	0.08	-0.1		0.86	0.03	0.12	0.49	-0.19	-0.34	-0.38	0.08	0.09	0.1	-0.34	0.53	0.08	0.43	0.15	0.48	0.02	-0.07	0.54	-0.16	0.15	-0.13	0.33
Total Current Liabilities	0.28	0.11	0.86		0.16	0.31	0.75	-0.04	-0.45	0.14	0.19	0.28	0.2	0.01	0.76	0.35	0.33	0.41	0.72	0.21	0.19	0.57	-0.01	0.15	0.07	0.57
Total Stockholder Equity	0.95	0.67	0.03	0.16		0.93	0.46	0.27	0.61	0.27	0.69	0.94	0.63	0.51	0.03	0.6	0.26	0.59	0.4	0.76	0.79	0.15	0.87	-0.41	0.54	0.28
Property Plant And Equipment Net	0.99	0.8	0.12	0.31	0.93		0.68	0.47	0.35	0.37	0.59	1.0	0.55	0.54	0.28	0.82	0.15	0.82	0.52	0.73	0.89	0.27	0.83	-0.28	0.6	0.5
Current Deferred Revenue	0.64	0.56	0.49	0.75	0.46	0.68		0.33	-0.4	0.44	0.39	0.63	0.4	0.36	0.86	0.76	0.1	0.79	0.75	0.54	0.67	0.54	0.22	0.14	0.17	0.7
Net Debt	0.41	0.81	-0.19	-0.04	0.27	0.47	0.33		-0.11	0.29	-0.24	0.49	-0.28	0.33	0.21	0.58	-0.39	0.55	0.01	-0.04	0.6	-0.12	0.4	-0.37	0.59	0.06
Retained Earnings	0.39	0.1	-0.34	-0.45	0.61	0.35	-0.4	-0.11		-0.13	0.37	0.39	0.3	0.18	-0.76	-0.08	0.29	-0.11	-0.25	0.31	0.18	-0.3	0.69	-0.56	0.36	-0.31
Accounts Payable	0.39	0.4	-0.38	0.14	0.27	0.37	0.44	0.29	-0.13		0.22	0.37	0.21	0.68	0.33	0.51	-0.18	0.5	0.33	0.38	0.51	-0.05	0.3	0.0	0.39	0.42
Cash	0.68	0.37	0.08	0.19	0.69	0.59	0.39	-0.24	0.37	0.22		0.58	0.99	0.36	0.15	0.48	0.08	0.48	0.46	0.96	0.49	0.34	0.41	0.13	0.08	0.39
Non Current Assets Total	0.99	0.81	0.09	0.28	0.94	1.0	0.63	0.49	0.39	0.37	0.58		0.53	0.55	0.24	0.82	0.12	0.81	0.5	0.72	0.89	0.25	0.86	-0.31	0.65	0.48
Cash And Short Term Investments	0.64	0.33	0.1	0.2	0.63	0.55	0.4	-0.28	0.3	0.21	0.99	0.53		0.34	0.2	0.48	0.07	0.48	0.47	0.96	0.45	0.37	0.35	0.24	0.03	0.44
Net Receivables	0.57	0.53	-0.34	0.01	0.51	0.54	0.36	0.33	0.18	0.68	0.36	0.55	0.34		0.14	0.54	-0.05	0.52	0.05	0.52	0.46	0.0	0.55	-0.06	0.45	0.33
Common Stock Shares Outstanding	0.25	0.32	0.53	0.76	0.03	0.28	0.86	0.21	-0.76	0.33	0.15	0.24	0.2	0.14		0.56	-0.12	0.59	0.72	0.27	0.35	0.58	-0.21	0.45	-0.06	0.68
Non Current Liabilities Total	0.82	0.84	0.08	0.35	0.6	0.82	0.76	0.58	-0.08	0.51	0.48	0.82	0.48	0.54	0.56		-0.27	0.99	0.58	0.67	0.84	0.44	0.55	0.09	0.55	0.75
Other Stockholder Equity	0.11	-0.34	0.43	0.33	0.26	0.15	0.1	-0.39	0.29	-0.18	0.08	0.12	0.07	-0.05	-0.12	-0.27		-0.2	-0.01	0.02	-0.1	-0.09	0.2	-0.13	-0.01	-0.03
Total Liab	0.82	0.8	0.15	0.41	0.59	0.82	0.79	0.55	-0.11	0.5	0.48	0.81	0.48	0.52	0.59	0.99	-0.2		0.59	0.66	0.82	0.44	0.54	0.11	0.53	0.78
Property Plant And Equipment Gross	0.52	0.32	0.48	0.72	0.4	0.52	0.75	0.01	-0.25	0.33	0.46	0.5	0.47	0.05	0.72	0.58	-0.01	0.59		0.51	0.52	0.7	0.19	0.15	0.13	0.71
Total Current Assets	0.8	0.54	0.02	0.21	0.76	0.73	0.54	-0.04	0.31	0.38	0.96	0.72	0.96	0.52	0.27	0.67	0.02	0.66	0.51		0.66	0.35	0.52	0.13	0.21	0.51
Inventory	0.88	0.87	-0.07	0.19	0.79	0.89	0.67	0.6	0.18	0.51	0.49	0.89	0.45	0.46	0.35	0.84	-0.1	0.82	0.52	0.66		0.18	0.66	-0.28	0.52	0.44
Other Current Assets	0.28	0.12	0.54	0.57	0.15	0.27	0.54	-0.12	-0.3	-0.05	0.34	0.25	0.37	0.0	0.58	0.44	-0.09	0.44	0.7	0.35	0.18		0.04	0.34	-0.21	0.68
Other Assets	0.83	0.62	-0.16	-0.01	0.87	0.83	0.22	0.4	0.69	0.3	0.41	0.86	0.35	0.55	-0.21	0.55	0.2	0.54	0.19	0.52	0.66	0.04		-0.5	0.76	0.24
Short Term Investments	-0.25	-0.29	0.15	0.15	-0.41	-0.28	0.14	-0.37	-0.56	0.0	0.13	-0.31	0.24	-0.06	0.45	0.09	-0.13	0.11	0.15	0.13	-0.28	0.34	-0.5		-0.37	0.51
Non Currrent Assets Other	0.6	0.61	-0.13	0.07	0.54	0.6	0.17	0.59	0.36	0.39	0.08	0.65	0.03	0.45	-0.06	0.55	-0.01	0.53	0.13	0.21	0.52	-0.21	0.76	-0.37		0.25
Other Liab	0.51	0.28	0.33	0.57	0.28	0.5	0.7	0.06	-0.31	0.42	0.39	0.48	0.44	0.33	0.68	0.75	-0.03	0.78	0.71	0.51	0.44	0.68	0.24	0.51	0.25

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New Gold Account Relationship Matchups

New Gold balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Short Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	398.6M	489.6M
Other Current Liab	132.2M	117.1M	120.9M	109.4M	164.9M	173.1M
Total Current Liabilities	171.9M	158.7M	172.9M	171.2M	229M	240.5M
Total Stockholder Equity	961.3M	789.3M	955.9M	959.5M	789.2M	1.1B
Property Plant And Equipment Net	1.9B	1.8B	1.8B	1.9B	1.9B	1.6B
Net Debt	655M	322.4M	20.2M	195.4M	213.1M	194.2M
Retained Earnings	(2.3B)	(2.4B)	(2.2B)	(2.3B)	(2.3B)	(2.2B)
Accounts Payable	39.7M	41.6M	52M	61.8M	64.1M	36.4M
Cash	83.4M	186.3M	481.5M	200.8M	185.5M	204.3M
Non Current Assets Total	1.9B	1.8B	1.8B	1.9B	1.9B	1.7B
Cash And Short Term Investments	83.4M	231.7M	541M	236.4M	192.6M	210.3M
Net Receivables	28M	82M	30.1M	15.9M	17.1M	28.0M
Common Stock Shares Outstanding	611.1M	676.3M	682.4M	681.9M	684M	718.2M
Liabilities And Stockholders Equity	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Non Current Liabilities Total	1.0B	1.3B	1.3B	1.1B	1.3B	830.4M
Other Stockholder Equity	105.7M	106.7M	107.5M	107.8M	106.9M	101.6M
Total Liab	1.2B	1.5B	1.5B	1.3B	1.5B	877.1M
Property Plant And Equipment Gross	1.9B	1.8B	3.5B	3.8B	4.1B	4.3B
Total Current Assets	228.7M	418.8M	686.3M	377.5M	351.8M	331.0M
Accumulated Other Comprehensive Income	(13.6M)	(116.8M)	(93M)	(24.6M)	(135.9M)	(129.1M)
Inventory	110M	93.3M	101M	115.7M	126.7M	95.5M
Other Current Assets	7.1M	12.7M	14.8M	11.3M	15.7M	16.5M
Other Assets	1.3M	3M	2.6M	2.1M	2.4M	2.3M
Non Currrent Assets Other	1.8M	3M	2.6M	2.1M	2.4M	2.3M
Other Liab	286.9M	793.4M	846.3M	716.6M	824.1M	491.7M
Net Tangible Assets	961.3M	789.3M	955.9M	959.5M	1.1B	1.3B
Common Stock	3.1B	3.2B	3.2B	3.2B	3.2B	2.5B
Property Plant Equipment	1.9B	1.8B	1.8B	1.9B	2.1B	2.0B
Long Term Debt	714.5M	489.2M	491M	394.9M	396M	514.9M
Common Stock Total Equity	3.0B	3.0B	3.1B	3.2B	3.6B	3.2B
Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	356.6M	552.2M
Capital Surpluse	105.7M	106.7M	107.5M	107.8M	124.0M	115.7M
Non Current Liabilities Other	1M	9M	3.7M	4.8M	3.4M	4.7M
Cash And Equivalents	17.4M	60.9M	144M	33.1M	29.8M	28.3M

Pair Trading with New Gold

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 New Gold 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 New Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against New Stock

0.41

BRK

Berkshire Hathaway CDR

Pair Corr

The ability to find closely correlated positions to New Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Gold 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 New Gold - 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 New Gold to buy it.

The correlation of New Gold 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 New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold 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 New Gold 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 New Gold is a strong investment it is important to analyze New Gold's 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 New Gold's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:

How To Invest In New

Details

Is New Stock a good investment?

Details

What is New Gold's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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To learn how to invest in New Stock, please use our How to Invest in New Gold guide.

You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Please note, there is a significant difference between New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold's 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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New Historical Balance Sheet

New Gold Inventory

95.51 Million

About New Balance Sheet Analysis

New Gold Balance Sheet Chart

Total Assets

Total Current Liabilities

New Gold balance sheet Correlations

New Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Gold balance sheet Accounts

Pair Trading with New Gold

Moving against New Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Total Current Assets	+ 0.96	Cash

Common Stock Shares Outstanding	- 0.76	Retained Earnings
Short Term Investments	- 0.56	Retained Earnings
Short Term Investments	- 0.5	Other Assets
Retained Earnings	- 0.45	Total Current Liabilities
Short Term Investments	- 0.41	Total Stockholder Equity
Retained Earnings	- 0.4	Current Deferred Revenue