NovaGold Resources Inc
NovaGold Resources Inc. operates in the gold mining industry, focusing on the exploration and development of gold mineral properties in the United States. The company's principal asset owns 60% interest in the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim and Mt. McKinley Recording Districts. The company was formerly… Read more
NovaGold Resources Inc (NG) - Net Assets
Latest net assets as of November 2025: $163.79 Million USD
Based on the latest financial reports, NovaGold Resources Inc (NG) has net assets worth $163.79 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($335.91 Million) and total liabilities ($172.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $163.79 Million |
| % of Total Assets | 48.76% |
| Annual Growth Rate | 13.65% |
| 5-Year Change | 109.24% |
| 10-Year Change | -45.45% |
| Growth Volatility | 85.74 |
NovaGold Resources Inc - Net Assets Trend (1996–2025)
This chart illustrates how NovaGold Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NovaGold Resources Inc (1996–2025)
The table below shows the annual net assets of NovaGold Resources Inc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $163.79 Million | +445.44% |
| 2024-11-30 | $-47.42 Million | -476.63% |
| 2023-11-30 | $-8.22 Million | -127.50% |
| 2022-11-30 | $29.90 Million | -61.80% |
| 2021-11-30 | $78.28 Million | -29.30% |
| 2020-11-30 | $110.73 Million | -19.74% |
| 2019-11-30 | $137.95 Million | -14.15% |
| 2018-11-30 | $160.69 Million | -43.43% |
| 2017-11-30 | $284.03 Million | -5.41% |
| 2016-11-30 | $300.26 Million | -8.82% |
| 2015-11-30 | $329.30 Million | -18.72% |
| 2014-11-30 | $405.12 Million | -13.00% |
| 2013-11-30 | $465.65 Million | -2.83% |
| 2012-11-30 | $479.23 Million | -3.12% |
| 2011-11-30 | $494.65 Million | -17.49% |
| 2010-11-30 | $599.51 Million | +2.97% |
| 2009-11-30 | $582.22 Million | +32.78% |
| 2008-11-30 | $438.48 Million | -49.00% |
| 2007-11-30 | $859.80 Million | +122.33% |
| 2006-11-30 | $386.72 Million | +100.53% |
| 2005-11-30 | $192.85 Million | +33.51% |
| 2004-11-30 | $144.45 Million | +101.19% |
| 2003-11-30 | $71.80 Million | +150.12% |
| 2002-11-30 | $28.71 Million | +299.63% |
| 2001-11-30 | $7.18 Million | +65.90% |
| 2000-11-30 | $4.33 Million | +87.52% |
| 1999-11-30 | $2.31 Million | +986.63% |
| 1998-11-30 | $-260.42K | -106.39% |
| 1997-11-30 | $4.08 Million | +1.71% |
| 1996-11-30 | $4.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NovaGold Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 216085259555.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.25 Billion | 1374.74% |
| Other Comprehensive Income | $-25.05 Million | -15.29% |
| Other Components | $136.69 Million | 83.45% |
| Total Equity | $163.79 Million | 100.00% |
NovaGold Resources Inc Competitors by Market Cap
The table below lists competitors of NovaGold Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PEPCO GROUP N.V. EO-01
F:8UX
|
$3.64 Billion |
|
TIS Inc
F:4HO
|
$3.65 Billion |
|
Veren Inc
NYSE:VRN
|
$3.65 Billion |
|
WPG Holdings Ltd
TW:3702
|
$3.65 Billion |
|
Bolloré SE
PINK:BOIVF
|
$3.64 Billion |
|
AZZ Incorporated
NYSE:AZZ
|
$3.63 Billion |
|
Post Holdings Inc
NYSE:POST
|
$3.63 Billion |
|
freenet AG
PINK:FRTAF
|
$3.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NovaGold Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -47,416,000 to 163,794,000, a change of 211,210,000.
- Net loss of 94,659,000 reduced equity.
- Share repurchases of 270,754,000 reduced equity.
- New share issuances of 270,754,000 increased equity.
- Other comprehensive income increased equity by 60,000.
- Other factors increased equity by 305,809,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-94.66 Million | -57.79% |
| Share Repurchases | $270.75 Million | -165.3% |
| Share Issuances | $270.75 Million | +165.3% |
| Other Comprehensive Income | $60.00K | +0.04% |
| Other Changes | $305.81 Million | +186.7% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares NovaGold Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 22.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 16.41x to 22.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-11-30 | $0.59 | $9.74 | x |
| 1997-11-30 | $0.34 | $9.74 | x |
| 1998-11-30 | $-0.02 | $9.74 | x |
| 1999-11-30 | $0.13 | $9.74 | x |
| 2000-11-30 | $0.19 | $9.74 | x |
| 2001-11-30 | $0.29 | $9.74 | x |
| 2002-11-30 | $0.80 | $9.74 | x |
| 2003-11-30 | $1.33 | $9.74 | x |
| 2004-11-30 | $2.44 | $9.74 | x |
| 2005-11-30 | $2.88 | $9.74 | x |
| 2006-11-30 | $4.23 | $9.74 | x |
| 2007-11-30 | $6.45 | $9.74 | x |
| 2008-11-30 | $1.93 | $9.74 | x |
| 2009-11-30 | $1.77 | $9.74 | x |
| 2010-11-30 | $1.44 | $9.74 | x |
| 2011-11-30 | $0.78 | $9.74 | x |
| 2012-11-30 | $1.76 | $9.74 | x |
| 2013-11-30 | $1.49 | $9.74 | x |
| 2014-11-30 | $1.28 | $9.74 | x |
| 2015-11-30 | $1.04 | $9.74 | x |
| 2016-11-30 | $0.94 | $9.74 | x |
| 2017-11-30 | $0.88 | $9.74 | x |
| 2018-11-30 | $0.50 | $9.74 | x |
| 2019-11-30 | $0.42 | $9.74 | x |
| 2020-11-30 | $0.34 | $9.74 | x |
| 2021-11-30 | $0.24 | $9.74 | x |
| 2022-11-30 | $0.09 | $9.74 | x |
| 2023-11-30 | $-0.02 | $9.74 | x |
| 2024-11-30 | $-0.14 | $9.74 | x |
| 2025-11-30 | $0.44 | $9.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NovaGold Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -57.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.05x
- Recent ROE (-57.79%) is below the historical average (-25.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -25.00% | -1100.00% | 0.01x | 2.89x | $-1.14 Million |
| 1997 | -61.22% | -2999.69% | 0.01x | 2.63x | $-2.45 Million |
| 1998 | 0.00% | -8500.25% | 0.01x | 0.00x | $-5.51 Million |
| 1999 | -67.65% | -74.19% | 0.15x | 5.94x | $-1.79 Million |
| 2000 | 40.72% | 97.08% | 0.19x | 2.23x | $1.33 Million |
| 2001 | -4.37% | -17.49% | 0.16x | 1.59x | $-1.03 Million |
| 2002 | -7.70% | -148.95% | 0.04x | 1.17x | $-5.08 Million |
| 2003 | -8.27% | -436.95% | 0.02x | 1.19x | $-11.83 Million |
| 2004 | -4.88% | -340.21% | 0.01x | 1.23x | $-21.49 Million |
| 2005 | -2.58% | -267.40% | 0.01x | 1.20x | $-24.25 Million |
| 2006 | -6.90% | -1799.70% | 0.00x | 1.28x | $-65.34 Million |
| 2007 | -16.99% | -10238.78% | 0.00x | 1.82x | $-173.30 Million |
| 2008 | -76.82% | -8997.32% | 0.00x | 3.05x | $-177.53 Million |
| 2009 | -22.82% | -6139.25% | 0.00x | 2.42x | $-100.09 Million |
| 2010 | -64.36% | -33981.49% | 0.00x | 2.55x | $-228.97 Million |
| 2011 | -26.12% | -14550.53% | 0.00x | 3.25x | $-78.14 Million |
| 2012 | -2.49% | 0.00% | 0.00x | 1.38x | $-59.86 Million |
| 2013 | -13.04% | 0.00% | 0.00x | 1.24x | $-107.30 Million |
| 2014 | -9.61% | 0.00% | 0.00x | 1.29x | $-79.46 Million |
| 2015 | -9.19% | 0.00% | 0.00x | 1.32x | $-63.18 Million |
| 2016 | -11.13% | 0.00% | 0.00x | 1.36x | $-63.46 Million |
| 2017 | -13.89% | 0.00% | 0.00x | 1.40x | $-67.85 Million |
| 2018 | -19.75% | 0.00% | 0.00x | 1.62x | $-47.80 Million |
| 2019 | -20.13% | 0.00% | 0.00x | 1.78x | $-41.57 Million |
| 2020 | -31.45% | 0.00% | 0.00x | 2.03x | $-45.89 Million |
| 2021 | -50.78% | 0.00% | 0.00x | 2.54x | $-47.58 Million |
| 2022 | -172.11% | 0.00% | 0.00x | 5.32x | $-54.46 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-45.98 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-39.63 Million |
| 2025 | -57.79% | 0.00% | 0.00x | 2.05x | $-111.04 Million |
Industry Comparison
This section compares NovaGold Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NovaGold Resources Inc (NG) | $163.79 Million | -25.00% | 1.05x | $3.64 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |