NovaGold Resources Inc Total Assets
NovaGold Resources Inc total assets. Based on the latest financial reports, NovaGold Resources Inc (NG) holds total assets worth CA$345.38 Million CAD (≈ $249.85 Million USD) as of August 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see NovaGold Resources Inc market cap and net worth for the company's overall valuation and market capitalisation.
Total Assets of NovaGold Resources Inc (1996–2024)
Total assets of NovaGold Resources Inc from 1996 to 2024. This chart illustrates how NovaGold Resources Inc's total assets have evolved over time, based on quarterly financial data. See NG live share price for real-time trading data and today's change.
NovaGold Resources Inc - Asset Composition Analysis
NovaGold Resources Inc Total Assets Breakdown (November 2024)
NovaGold Resources Inc total assets breakdown as of November 2024. NovaGold Resources Inc's total assets of CA$345.38 Million consist of 93.6% current assets and 6.4% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$42.22 Million | 38.5% |
| Accounts Receivable | CA$323.00K | 0.3% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$1.01 Million | 0.9% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (1996–2024)
This chart illustrates how NovaGold Resources Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. Explore working capital position of NovaGold Resources Inc to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: NovaGold Resources Inc's current assets represent 93.6% of total assets in 2024, an increase from 4.7% in 1996.
- Cash Position: Cash and equivalents constituted 38.5% of total assets in 2024, up from 2.4% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1996.
- Asset Diversification: The largest asset category is cash and equivalents at 38.5% of total assets.
NovaGold Resources Inc Competitors by Total Assets
Key competitors of NovaGold Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Westgold Resources Ltd
AU:WGX
|
Australia | AU$3.82 Billion |
|
Gold Fields Limited
F:EDG
|
Germany | €15.23 Billion |
|
Barrick Mining Corporation
NYSE:B
|
USA | $52.62 Billion |
|
Yintai Resources Co Ltd
SHE:000975
|
China | CN¥24.68 Billion |
|
Alamos Gold Inc
TO:AGI
|
Canada | CA$5.98 Billion |
|
New Gold Inc
TO:NGD
|
Canada | CA$3.17 Billion |
|
Perseus Mining Ltd
TO:PRU
|
Canada | CA$2.92 Billion |
|
Ramelius Resources Ltd
AU:RMS
|
Australia | AU$2.39 Billion |
NovaGold Resources Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.85 | 29.83 | 55.97 |
| Quick Ratio | 1.85 | 29.83 | 55.97 |
| Cash Ratio | 12.41 | 0.00 | 0.00 |
| Working Capital | CA$3.98 Million | CA$103.52 Million | CA$192.88 Million |
NovaGold Resources Inc - Advanced Valuation Insights
This section examines the relationship between NovaGold Resources Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 22.29 |
| Latest Market Cap to Assets Ratio | 22.07 |
| Asset Growth Rate (YoY) | -17.7% |
| Total Assets | CA$109.75 Million |
| Market Capitalization | $2.42 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values NovaGold Resources Inc's assets at a significant premium (22.07x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: NovaGold Resources Inc's assets decreased by 17.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for NovaGold Resources Inc (1996–2024)
The table below shows the annual total assets of NovaGold Resources Inc from 1996 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-11-30 | CA$109.75 Million ≈ $79.39 Million |
-17.66% |
| 2023-11-30 | CA$133.29 Million ≈ $96.42 Million |
-16.27% |
| 2022-11-30 | CA$159.19 Million ≈ $115.15 Million |
-19.95% |
| 2021-11-30 | CA$198.85 Million ≈ $143.85 Million |
-11.40% |
| 2020-11-30 | CA$224.44 Million ≈ $162.36 Million |
-8.70% |
| 2019-11-30 | CA$245.84 Million ≈ $177.83 Million |
-5.78% |
| 2018-11-30 | CA$260.93 Million ≈ $188.75 Million |
-34.58% |
| 2017-11-30 | CA$398.87 Million ≈ $288.54 Million |
-2.30% |
| 2016-11-30 | CA$408.26 Million ≈ $295.33 Million |
-5.84% |
| 2015-11-30 | CA$433.58 Million ≈ $313.65 Million |
-17.34% |
| 2014-11-30 | CA$524.55 Million ≈ $379.45 Million |
-9.36% |
| 2013-11-30 | CA$578.69 Million ≈ $418.61 Million |
-12.32% |
| 2012-11-30 | CA$660.02 Million ≈ $477.44 Million |
-6.09% |
| 2011-11-30 | CA$702.78 Million ≈ $508.38 Million |
-10.63% |
| 2010-11-30 | CA$786.39 Million ≈ $568.86 Million |
+6.47% |
| 2009-11-30 | CA$738.63 Million ≈ $534.32 Million |
+18.28% |
| 2008-11-30 | CA$624.46 Million ≈ $451.73 Million |
-46.61% |
| 2007-11-30 | CA$1.17 Billion ≈ $846.11 Million |
+136.13% |
| 2006-11-30 | CA$495.33 Million ≈ $358.32 Million |
+113.97% |
| 2005-11-30 | CA$231.50 Million ≈ $167.46 Million |
+30.58% |
| 2004-11-30 | CA$177.28 Million ≈ $128.24 Million |
+130.21% |
| 2003-11-30 | CA$77.01 Million ≈ $55.71 Million |
+128.58% |
| 2002-11-30 | CA$33.69 Million ≈ $24.37 Million |
+195.06% |
| 2001-11-30 | CA$11.42 Million ≈ $8.26 Million |
+18.29% |
| 2000-11-30 | CA$9.65 Million ≈ $6.98 Million |
-29.63% |
| 1999-11-30 | CA$13.72 Million ≈ $9.92 Million |
+110.71% |
| 1998-11-30 | CA$6.51 Million ≈ $4.71 Million |
-28.18% |
| 1997-11-30 | CA$9.07 Million ≈ $6.56 Million |
-3.81% |
| 1996-11-30 | CA$9.42 Million ≈ $6.82 Million |
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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