New Found Gold Corp (NFG) — Defensive Interval Ratio
New Found Gold Corp (NFG) has a Defensive Interval Ratio of 11 days as of September 2025. Defensive assets of CA$540.10K (cash CA$-, short-term investments CA$540.10K, receivables CA$-) cover 11 days of daily cash needs of CA$50.81K/day. Check NFG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
New Found Gold Corp Defensive Interval Ratio (2017–2024)
This chart shows how New Found Gold Corp's Defensive Interval Ratio has evolved across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 11 days, meaning defensive assets of CA$540.10K can fund 11 days of operations without new revenue. Also explore NFG net asset momentum to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for New Found Gold Corp (2017–2024)
The table below presents the year-by-year Defensive Interval Ratio for New Found Gold Corp from 2017 to 2024, covering 8 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see New Found Gold Corp (NFG) market capitalisation.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 39 days | CA$779.02K | CA$20.22K/day | CA$- | CA$779.02K | ▼ -27 days |
| 2023 | 65 days | CA$3.41 Million | CA$52.08K/day | CA$- | CA$3.41 Million | ▼ -35 days |
| 2022 | 101 days | CA$7.47 Million | CA$74.37K/day | CA$- | CA$7.47 Million | ▼ -865 days |
| 2021 | 966 days | CA$33.75 Million | CA$34.95K/day | CA$- | CA$31.94 Million | ▼ -11157 days |
| 2020 | 12123 days | CA$21.09 Million | CA$1.74K/day | CA$- | CA$21.09 Million | ▲ +11703 days |
| 2019 | 420 days | CA$452.10K | CA$1.08K/day | CA$- | CA$114.94K | ▲ +299 days |
| 2018 | 121 days | CA$274.26K | CA$2.27K/day | CA$- | CA$- | ▼ -160 days |
| 2017 | 281 days | CA$270.15K | CA$960.25/day | CA$- | CA$- | — |