New Found Gold Corp (NFG) — Net Asset Quality Index
New Found Gold Corp (NFG) has a Net Asset Quality Index of 84.5% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$119.95 Million minus total liabilities of CA$18.61 Million yields net assets of CA$101.33 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read NFG liabilities breakdown for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
New Found Gold Corp Net Asset Quality Index Over Time (2019–2024)
This chart shows how New Found Gold Corp's Net Asset Quality Index has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the index stands at 84.5%, representing net assets of CA$101.33 Million against total assets of CA$119.95 Million CAD. For live market cap and overall valuation, see NFG market cap.
Annual Net Asset Quality Index for New Found Gold Corp (2019–2024)
The table below presents the year-by-year Net Asset Quality Index for New Found Gold Corp from 2019 to 2024, covering 6 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check New Found Gold Corp strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 89.9% | CA$66.57 Million | CA$74.02 Million | CA$7.45 Million | ▲ +12.5 pp |
| 2023 | 77.4% | CA$65.50 Million | CA$84.58 Million | CA$19.08 Million | ▲ +2.0 pp |
| 2022 | 75.4% | CA$83.47 Million | CA$110.69 Million | CA$27.21 Million | ▼ -7.4 pp |
| 2021 | 82.8% | CA$122.65 Million | CA$148.06 Million | CA$25.40 Million | ▼ -16.3 pp |
| 2020 | 99.1% | CA$72.90 Million | CA$73.54 Million | CA$635.08K | ▲ +3.3 pp |
| 2019 | 95.8% | CA$8.96 Million | CA$9.36 Million | CA$392.85K | — |