New Found Gold Corp Asset Resilience Ratio
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. See operational self-sufficiency of New Found Gold Corp to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of New Found Gold Corp (2019–2024)
Asset resilience ratio of New Found Gold Corp from 2019 to 2024. This chart shows how New Found Gold Corp's Asset Resilience Ratio has changed over time. Read New Found Gold Corp debt and liabilities for a breakdown of total debt and financial obligations.
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 the complete balance sheet picture, see total assets of New Found Gold Corp.
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 |
|---|---|---|
|
Northern Star Resources Limited
F:NS7 |
Gold | 0.51% |
|
Barrick Mining Corporation
NYSE:B |
Gold | 13.03% |
|
Kinross Gold Corp
TO:K |
Gold | 9.89% |
|
OceanaGold Corporation
TO:OGC |
Gold | 13.91% |
|
Perseus Mining Ltd
AU:PRU |
Gold | 14.98% |
|
Dpm Metals Inc.
AU:DPM |
Gold | 16.16% |
|
Ramelius Resources Ltd
AU:RMS |
Gold | 32.89% |
|
Torex Gold Resources Inc
TO:TXG |
Gold | 3.96% |
New Found Gold Corp Asset Resilience Ratio by Year (2019–2024)
New Found Gold Corp asset resilience ratio by year from 2019 to 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