NovaGold Resources Inc (NG) - Net Assets
Based on the latest financial reports, NovaGold Resources Inc (NG) has net assets worth CA$177.11 Million CAD (≈ $128.12 Million USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$345.38 Million ≈ $249.85 Million USD) and total liabilities (CA$168.27 Million ≈ $121.73 Million USD). 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. Check NovaGold Resources Inc (NG) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$177.11 Million |
| % of Total Assets | 51.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | -142.82% |
| 10-Year Change | -114.4% |
| Growth Volatility | 85.74 |
NovaGold Resources Inc - Net Assets Trend (1996–2024)
This chart illustrates how NovaGold Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore NG asset base for the complete picture of this company's asset base.
Annual Net Assets for NovaGold Resources Inc (1996–2024)
The table below shows the annual net assets of NovaGold Resources Inc from 1996 to 2024. For live valuation and market cap data, see market cap of NovaGold Resources Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$-47.42 Million ≈ $-34.30 Million |
-476.63% |
| 2023-11-30 | CA$-8.22 Million ≈ $-5.95 Million |
-127.50% |
| 2022-11-30 | CA$29.90 Million ≈ $21.63 Million |
-61.80% |
| 2021-11-30 | CA$78.28 Million ≈ $56.63 Million |
-29.30% |
| 2020-11-30 | CA$110.73 Million ≈ $80.10 Million |
-19.74% |
| 2019-11-30 | CA$137.95 Million ≈ $99.79 Million |
-14.15% |
| 2018-11-30 | CA$160.69 Million ≈ $116.24 Million |
-43.43% |
| 2017-11-30 | CA$284.03 Million ≈ $205.46 Million |
-5.41% |
| 2016-11-30 | CA$300.26 Million ≈ $217.21 Million |
-8.82% |
| 2015-11-30 | CA$329.30 Million ≈ $238.21 Million |
-18.72% |
| 2014-11-30 | CA$405.12 Million ≈ $293.05 Million |
-13.00% |
| 2013-11-30 | CA$465.65 Million ≈ $336.84 Million |
-2.83% |
| 2012-11-30 | CA$479.23 Million ≈ $346.67 Million |
-3.12% |
| 2011-11-30 | CA$494.65 Million ≈ $357.83 Million |
-17.49% |
| 2010-11-30 | CA$599.51 Million ≈ $433.68 Million |
+2.97% |
| 2009-11-30 | CA$582.22 Million ≈ $421.17 Million |
+32.78% |
| 2008-11-30 | CA$438.48 Million ≈ $317.19 Million |
-49.00% |
| 2007-11-30 | CA$859.80 Million ≈ $621.97 Million |
+122.33% |
| 2006-11-30 | CA$386.72 Million ≈ $279.75 Million |
+100.53% |
| 2005-11-30 | CA$192.85 Million ≈ $139.50 Million |
+33.51% |
| 2004-11-30 | CA$144.45 Million ≈ $104.49 Million |
+101.19% |
| 2003-11-30 | CA$71.80 Million ≈ $51.94 Million |
+150.12% |
| 2002-11-30 | CA$28.71 Million ≈ $20.77 Million |
+299.63% |
| 2001-11-30 | CA$7.18 Million ≈ $5.20 Million |
+65.90% |
| 2000-11-30 | CA$4.33 Million ≈ $3.13 Million |
+87.52% |
| 1999-11-30 | CA$2.31 Million ≈ $1.67 Million |
+986.63% |
| 1998-11-30 | CA$-260.42K ≈ $-188.38K |
-106.39% |
| 1997-11-30 | CA$4.08 Million ≈ $2.95 Million |
+1.71% |
| 1996-11-30 | CA$4.01 Million ≈ $2.90 Million |
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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 206619359555.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.99 Billion | % |
| Other Comprehensive Income | CA$-25.11 Million | % |
| Other Components | CA$93.38 Million | % |
| Total Equity | CA$-47.42 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 |
|---|---|
|
Hiab B
HE:HIAB
|
$3.22 Billion |
|
SKC Co. Ltd
KO:011790
|
$3.22 Billion |
|
NewAmsterdam Pharma Company N.V. Ordinary Shares
NASDAQ:NAMS
|
$3.22 Billion |
|
Shaanxi Aerospace Power Hi-Tech Co Ltd
SHG:600343
|
$3.22 Billion |
|
ACERINOX ADR 1/2/EO-25
F:ACE
|
$3.22 Billion |
|
Zhejiang Jiemei Electronic and Technology Co Ltd
SHE:002859
|
$3.22 Billion |
|
Schneider Electric Infrastructure Limited
NSE:SCHNEIDER
|
$3.22 Billion |
|
Dialog Group Bhd
KLSE:7277
|
$3.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NovaGold Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -8,223,000 to -47,416,000, a change of -39,193,000.
- Net loss of 45,621,000 reduced equity.
- Share repurchases of 174,000 reduced equity.
- Other comprehensive income decreased equity by 635,000.
- Other factors increased equity by 7,237,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-45.62 Million | -96.21% |
| Share Repurchases | CA$174.00K | -0.37% |
| Other Comprehensive Income | CA$-635.00K | -1.34% |
| Other Changes | CA$7.24 Million | +15.26% |
| Total Change | CA$- | % |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-11-30 | CA$0.59 | CA$10.93 | x |
| 1997-11-30 | CA$0.34 | CA$10.93 | x |
| 1998-11-30 | CA$-0.02 | CA$10.93 | x |
| 1999-11-30 | CA$0.13 | CA$10.93 | x |
| 2000-11-30 | CA$0.19 | CA$10.93 | x |
| 2001-11-30 | CA$0.29 | CA$10.93 | x |
| 2002-11-30 | CA$0.80 | CA$10.93 | x |
| 2003-11-30 | CA$1.33 | CA$10.93 | x |
| 2004-11-30 | CA$2.44 | CA$10.93 | x |
| 2005-11-30 | CA$2.88 | CA$10.93 | x |
| 2006-11-30 | CA$4.23 | CA$10.93 | x |
| 2007-11-30 | CA$6.45 | CA$10.93 | x |
| 2008-11-30 | CA$1.93 | CA$10.93 | x |
| 2009-11-30 | CA$1.77 | CA$10.93 | x |
| 2010-11-30 | CA$1.44 | CA$10.93 | x |
| 2011-11-30 | CA$0.78 | CA$10.93 | x |
| 2012-11-30 | CA$1.76 | CA$10.93 | x |
| 2013-11-30 | CA$1.49 | CA$10.93 | x |
| 2014-11-30 | CA$1.28 | CA$10.93 | x |
| 2015-11-30 | CA$1.04 | CA$10.93 | x |
| 2016-11-30 | CA$0.94 | CA$10.93 | x |
| 2017-11-30 | CA$0.88 | CA$10.93 | x |
| 2018-11-30 | CA$0.50 | CA$10.93 | x |
| 2019-11-30 | CA$0.42 | CA$10.93 | x |
| 2020-11-30 | CA$0.34 | CA$10.93 | x |
| 2021-11-30 | CA$0.24 | CA$10.93 | x |
| 2022-11-30 | CA$0.09 | CA$10.93 | x |
| 2023-11-30 | CA$-0.02 | CA$10.93 | x |
| 2024-11-30 | CA$-0.14 | CA$10.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NovaGold Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-26.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -24.99% | -1099.57% | 0.01x | 2.89x | CA$-1.14 Million |
| 1997 | -61.22% | -2999.69% | 0.01x | 2.63x | CA$-2.45 Million |
| 1998 | 0.00% | -8500.25% | 0.01x | 0.00x | CA$-5.51 Million |
| 1999 | -67.65% | -74.19% | 0.15x | 5.94x | CA$-1.79 Million |
| 2000 | 40.72% | 97.08% | 0.19x | 2.23x | CA$1.33 Million |
| 2001 | -4.37% | -17.49% | 0.16x | 1.59x | CA$-1.03 Million |
| 2002 | -7.70% | -148.95% | 0.04x | 1.17x | CA$-5.08 Million |
| 2003 | -8.27% | -436.95% | 0.02x | 1.19x | CA$-11.83 Million |
| 2004 | -4.88% | -223.30% | 0.02x | 1.23x | CA$-21.50 Million |
| 2005 | -2.58% | -157.69% | 0.01x | 1.20x | CA$-24.26 Million |
| 2006 | -6.90% | -366.73% | 0.01x | 1.28x | CA$-65.35 Million |
| 2007 | -6.97% | -632.60% | 0.01x | 1.82x | CA$-108.96 Million |
| 2008 | -76.78% | -4439.90% | 0.01x | 3.05x | CA$-177.44 Million |
| 2009 | -22.74% | -6138.23% | 0.00x | 2.42x | CA$-99.86 Million |
| 2010 | -64.84% | -33981.53% | 0.00x | 2.55x | CA$-230.44 Million |
| 2011 | -68.57% | -38192.82% | 0.00x | 3.25x | CA$-169.95 Million |
| 2012 | 14.21% | 0.00% | 0.00x | 1.38x | CA$20.17 Million |
| 2013 | -13.48% | 0.00% | 0.00x | 1.24x | CA$-109.32 Million |
| 2014 | -9.99% | 0.00% | 0.00x | 1.29x | CA$-81.00 Million |
| 2015 | -9.70% | 0.00% | 0.00x | 1.32x | CA$-64.88 Million |
| 2016 | -11.27% | 0.00% | 0.00x | 1.36x | CA$-63.87 Million |
| 2017 | -13.74% | 0.00% | 0.00x | 1.40x | CA$-67.42 Million |
| 2018 | -70.18% | 0.00% | 0.00x | 1.62x | CA$-128.83 Million |
| 2019 | -20.12% | 0.00% | 0.00x | 1.78x | CA$-41.56 Million |
| 2020 | -30.31% | 0.00% | 0.00x | 2.03x | CA$-44.64 Million |
| 2021 | -51.78% | 0.00% | 0.00x | 2.54x | CA$-48.36 Million |
| 2022 | -178.39% | 0.00% | 0.00x | 5.32x | CA$-56.33 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-45.98 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-40.88 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: $503,278,506
- Average return on equity (ROE) among peers: -30.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NovaGold Resources Inc (NG) | CA$177.11 Million | -24.99% | 0.95x | $3.22 Billion |
| Allied Gold Corporation (AAUC) | $381.03 Million | -54.71% | 1.51x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $31.66 Million | 1.13% | 0.45x | $86.06 Million |
| Barrick Gold Corp (ABX) | $3.56 Billion | 6.97% | 0.76x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $211.31 Million | -3.62% | 0.87x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $783.33 Million | -0.27% | 0.12x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $4.69 Million | -71.34% | 0.07x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-3.11 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $15.01 Million | -10.64% | 0.03x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $45.22 Million | -8.90% | 0.05x | $24.82 Million |
About NovaGold Resources Inc
NovaGold Resources Inc. explores and develops gold mineral properties in the United States. Its principal asset owns 50% 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 known as NovaCan Mining Resources (1985) Limited and changed its name to… Read more