New Found Gold Corp - Asset Resilience Ratio
New Found Gold Corp (NFG) has an Asset Resilience Ratio of 0.45% as of September 2025. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Check asset allocation strategy of New Found Gold Corp to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2019–2024)
This chart shows how New Found Gold Corp's Asset Resilience Ratio has changed over time. See net asset quality index of New Found Gold Corp to measure how much of total assets are equity-financed.
Liquid Assets Composition Over Time
This chart breaks down New Found Gold Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see NFG market cap.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0% |
| Short-term Investments | CA$540.10K | 0.45% |
| Total Liquid Assets | CA$540.10K | 0.45% |
Asset Resilience Insights
- Limited Liquidity: New Found Gold Corp maintains only 0.45% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
New Found Gold Corp Industry Peers by Asset Resilience Ratio
Compare New Found Gold Corp's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
AngloGold Ashanti Ltd
JSE:ANG |
Gold | 13.83% |
|
Chifeng Jilong Gold Mining Co Ltd
SHG:600988 |
Gold | 0.27% |
|
G Mining Ventures Corp.
TO:GMIN |
Gold | 6.91% |
|
Perseus Mining Ltd
AU:PRU |
Gold | 14.98% |
|
Alamos Gold Inc
TO:AGI |
Gold | 8.52% |
|
Montage Gold Corp.
TO:MAU |
Gold | 0.67% |
|
De Grey Mining Ltd
AU:DEG |
Gold | 57.44% |
|
Torex Gold Resources Inc
TO:TXG |
Gold | 3.96% |
Annual Asset Resilience Ratio for New Found Gold Corp (2019–2024)
The table below shows the annual Asset Resilience Ratio data for New Found Gold Corp.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-12-31 | 1.05% | CA$779.02K ≈ $563.53K |
CA$74.02 Million ≈ $53.54 Million |
-2.98pp |
| 2023-12-31 | 4.03% | CA$3.41 Million ≈ $2.47 Million |
CA$84.58 Million ≈ $61.18 Million |
-2.72pp |
| 2022-12-31 | 6.75% | CA$7.47 Million ≈ $5.41 Million |
CA$110.69 Million ≈ $80.07 Million |
-14.82pp |
| 2021-12-31 | 21.57% | CA$31.94 Million ≈ $23.11 Million |
CA$148.06 Million ≈ $107.10 Million |
-7.11pp |
| 2020-12-31 | 28.68% | CA$21.09 Million ≈ $15.26 Million |
CA$73.54 Million ≈ $53.20 Million |
+27.45pp |
| 2019-12-31 | 1.23% | CA$114.94K ≈ $83.14K |
CA$9.36 Million ≈ $6.77 Million |
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About New Found Gold Corp
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located ne… Read more