New Gold Inc (NGD) - Net Assets
Based on the latest financial reports, New Gold Inc (NGD) has net assets worth CA$1.24 Billion CAD (≈ $895.83 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.37 Billion ≈ $1.71 Billion USD) and total liabilities (CA$1.13 Billion ≈ $816.19 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 New Gold Inc (NGD) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.24 Billion |
| % of Total Assets | 52.33% |
| Annual Growth Rate | 32.32% |
| 5-Year Change | 33.32% |
| 10-Year Change | -49.88% |
| Growth Volatility | 162.69 |
New Gold Inc - Net Assets Trend (1997–2024)
This chart illustrates how New Gold Inc's net assets have evolved over time, based on quarterly financial data. Also explore New Gold Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for New Gold Inc (1997–2024)
The table below shows the annual net assets of New Gold Inc from 1997 to 2024. For live valuation and market cap data, see New Gold Inc (NGD) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.05 Billion ≈ $761.22 Million |
+33.34% |
| 2023-12-31 | CA$789.20 Million ≈ $570.90 Million |
-17.75% |
| 2022-12-31 | CA$959.50 Million ≈ $694.09 Million |
+0.38% |
| 2021-12-31 | CA$955.90 Million ≈ $691.48 Million |
+21.11% |
| 2020-12-31 | CA$789.30 Million ≈ $570.97 Million |
-17.89% |
| 2019-12-31 | CA$961.30 Million ≈ $695.39 Million |
+0.21% |
| 2018-12-31 | CA$959.30 Million ≈ $693.94 Million |
-55.16% |
| 2017-12-31 | CA$2.14 Billion ≈ $1.55 Billion |
+2.72% |
| 2016-12-31 | CA$2.08 Billion ≈ $1.51 Billion |
-0.80% |
| 2015-12-31 | CA$2.10 Billion ≈ $1.52 Billion |
-7.56% |
| 2014-12-31 | CA$2.27 Billion ≈ $1.64 Billion |
-16.50% |
| 2013-12-31 | CA$2.72 Billion ≈ $1.97 Billion |
+1.62% |
| 2012-12-31 | CA$2.68 Billion ≈ $1.94 Billion |
+17.27% |
| 2011-12-31 | CA$2.28 Billion ≈ $1.65 Billion |
+20.56% |
| 2010-12-31 | CA$1.89 Billion ≈ $1.37 Billion |
+9.37% |
| 2009-12-31 | CA$1.73 Billion ≈ $1.25 Billion |
+20.06% |
| 2008-12-31 | CA$1.44 Billion ≈ $1.04 Billion |
+588.08% |
| 2007-12-31 | CA$209.54 Million ≈ $151.58 Million |
+105.47% |
| 2006-12-31 | CA$101.98 Million ≈ $73.77 Million |
+252.82% |
| 2005-12-31 | CA$28.90 Million ≈ $20.91 Million |
+17.17% |
| 2004-12-31 | CA$24.67 Million ≈ $17.85 Million |
+16.64% |
| 2003-12-31 | CA$21.15 Million ≈ $15.30 Million |
+425.70% |
| 2002-12-31 | CA$4.02 Million ≈ $2.91 Million |
+15.06% |
| 2001-12-31 | CA$3.50 Million ≈ $2.53 Million |
-19.38% |
| 2000-12-31 | CA$4.34 Million ≈ $3.14 Million |
+492.55% |
| 1999-12-31 | CA$731.99K ≈ $529.51K |
+34.84% |
| 1998-12-31 | CA$542.84K ≈ $392.68K |
-0.88% |
| 1997-12-31 | CA$547.64K ≈ $396.15K |
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Equity Component Analysis
This analysis shows how different components contribute to New Gold 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 235646343885.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$3.33 Billion | 316.88% |
| Other Comprehensive Income | CA$-31.20 Million | -2.96% |
| Other Components | CA$106.20 Million | 10.09% |
| Total Equity | CA$1.05 Billion | 100.00% |
New Gold Inc Competitors by Market Cap
The table below lists competitors of New Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abivax SA
PA:ABVX
|
$6.97 Billion |
|
Molina Healthcare Inc
NYSE:MOH
|
$6.97 Billion |
|
Schaeffler India Limited
NSE:SCHAEFFLER
|
$6.97 Billion |
|
Zhongtai Securities Co Ltd
SHG:600918
|
$6.98 Billion |
|
Cidara Therapeutics Inc
NASDAQ:CDTX
|
$6.96 Billion |
|
RATIONAL UN.ADR 1/ 1/20
F:RAA1
|
$6.96 Billion |
|
HealthEquity Inc
NASDAQ:HQY
|
$6.96 Billion |
|
Nippon Life India Asset Management Limited
NSE:NAM-INDIA
|
$6.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 789,200,000 to 1,052,300,000, a change of 263,100,000 (33.3%).
- Net income of 102,600,000 contributed positively to equity growth.
- Share repurchases of 166,800,000 reduced equity.
- New share issuances of 164,600,000 increased equity.
- Other comprehensive income increased equity by 104,700,000.
- Other factors increased equity by 58,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$102.60 Million | +9.75% |
| Share Repurchases | CA$166.80 Million | -15.85% |
| Share Issuances | CA$164.60 Million | +15.64% |
| Other Comprehensive Income | CA$104.70 Million | +9.95% |
| Other Changes | CA$58.00 Million | +5.51% |
| Total Change | CA$- | 33.34% |
Book Value vs Market Value Analysis
This analysis compares New Gold 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: 9.20x
- 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 decreased from 63.62x to 9.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$0.19 | CA$12.16 | x |
| 1998-12-31 | CA$0.18 | CA$12.16 | x |
| 1999-12-31 | CA$0.20 | CA$12.16 | x |
| 2000-12-31 | CA$0.65 | CA$12.16 | x |
| 2001-12-31 | CA$0.42 | CA$12.16 | x |
| 2002-12-31 | CA$0.46 | CA$12.16 | x |
| 2003-12-31 | CA$2.07 | CA$12.16 | x |
| 2004-12-31 | CA$1.84 | CA$12.16 | x |
| 2005-12-31 | CA$2.00 | CA$12.16 | x |
| 2006-12-31 | CA$4.49 | CA$12.16 | x |
| 2007-12-31 | CA$6.82 | CA$12.16 | x |
| 2008-12-31 | CA$9.70 | CA$12.16 | x |
| 2009-12-31 | CA$5.65 | CA$12.16 | x |
| 2010-12-31 | CA$4.79 | CA$12.16 | x |
| 2011-12-31 | CA$5.18 | CA$12.16 | x |
| 2012-12-31 | CA$5.71 | CA$12.16 | x |
| 2013-12-31 | CA$5.57 | CA$12.16 | x |
| 2014-12-31 | CA$4.51 | CA$12.16 | x |
| 2015-12-31 | CA$4.12 | CA$12.16 | x |
| 2016-12-31 | CA$4.05 | CA$12.16 | x |
| 2017-12-31 | CA$3.79 | CA$12.16 | x |
| 2018-12-31 | CA$1.66 | CA$12.16 | x |
| 2019-12-31 | CA$1.57 | CA$12.16 | x |
| 2020-12-31 | CA$1.17 | CA$12.16 | x |
| 2021-12-31 | CA$1.40 | CA$12.16 | x |
| 2022-12-31 | CA$1.41 | CA$12.16 | x |
| 2023-12-31 | CA$1.15 | CA$12.16 | x |
| 2024-12-31 | CA$1.32 | CA$12.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.10%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.90x
- Recent ROE (9.75%) is above the historical average (-9.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -7.31% | -5720674.29% | 0.00x | 1.09x | CA$-94.81K |
| 1998 | -7.29% | -6089555.38% | 0.00x | 1.03x | CA$-93.87K |
| 1999 | -10.39% | -11017986.96% | 0.00x | 1.02x | CA$-149.22K |
| 2000 | -0.16% | -510496.24% | 0.00x | 1.01x | CA$-440.53K |
| 2001 | -2.06% | 0.00% | 0.00x | 1.06x | CA$-421.78K |
| 2002 | -2.94% | -162.71% | 0.02x | 1.03x | CA$-520.42K |
| 2003 | -4.44% | -1123.12% | 0.00x | 1.04x | CA$-3.05 Million |
| 2004 | -4.21% | -221.15% | 0.02x | 1.07x | CA$-3.51 Million |
| 2005 | -10.13% | -696.74% | 0.01x | 1.24x | CA$-5.82 Million |
| 2006 | -2.95% | 0.00% | 0.00x | 1.12x | CA$-13.20 Million |
| 2007 | -29.61% | 0.00% | 0.00x | 2.26x | CA$-83.00 Million |
| 2008 | -7.12% | -47.07% | 0.11x | 1.36x | CA$-246.86 Million |
| 2009 | -11.23% | -60.01% | 0.13x | 1.44x | CA$-367.42 Million |
| 2010 | 9.35% | 33.36% | 0.19x | 1.45x | CA$-12.37 Million |
| 2011 | 7.84% | 25.72% | 0.22x | 1.41x | CA$-49.21 Million |
| 2012 | 7.44% | 25.15% | 0.18x | 1.60x | CA$-68.65 Million |
| 2013 | -7.03% | -24.52% | 0.19x | 1.54x | CA$-463.19 Million |
| 2014 | -21.01% | -65.72% | 0.19x | 1.71x | CA$-704.22 Million |
| 2015 | -9.59% | -28.25% | 0.19x | 1.75x | CA$-411.36 Million |
| 2016 | 0.13% | 0.39% | 0.17x | 1.90x | CA$-205.59 Million |
| 2017 | -5.05% | -17.87% | 0.15x | 1.88x | CA$-321.95 Million |
| 2018 | -127.77% | -202.76% | 0.28x | 2.26x | CA$-1.32 Billion |
| 2019 | -7.65% | -11.66% | 0.29x | 2.25x | CA$-169.63 Million |
| 2020 | -10.05% | -12.33% | 0.29x | 2.85x | CA$-158.23 Million |
| 2021 | 14.71% | 18.86% | 0.30x | 2.59x | CA$45.01 Million |
| 2022 | -6.96% | -11.05% | 0.27x | 2.34x | CA$-162.75 Million |
| 2023 | -8.17% | -8.20% | 0.34x | 2.90x | CA$-143.42 Million |
| 2024 | 9.75% | 11.10% | 0.46x | 1.90x | CA$-2.63 Million |
Industry Comparison
This section compares New Gold Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,534,498,549
- Average return on equity (ROE) among peers: -16.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Gold Inc (NGD) | CA$1.24 Billion | -7.31% | 0.91x | $6.96 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $25.14 Million | 6.90% | 0.34x | $86.06 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $152.14 Million | 0.14% | 0.98x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $2.74 Billion | -2.44% | 0.32x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-1.62 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About New Gold Inc
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. … Read more