New Gold Inc (NGD) - Total Assets
Based on the latest financial reports, New Gold Inc (NGD) holds total assets worth CA$2.37 Billion CAD (≈ $1.71 Billion USD) as of September 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. See New Gold Inc (NGD) shareholders funds for net asset value and shareholders' equity analysis.
New Gold Inc - Total Assets Trend (1997–2024)
This chart illustrates how New Gold Inc's total assets have evolved over time, based on quarterly financial data.
New Gold Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
New Gold Inc's total assets of CA$2.37 Billion consist of 13.7% current assets and 86.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$19.90 Million | 5.3% |
| Accounts Receivable | CA$25.00 Million | 1.3% |
| Inventory | CA$118.70 Million | 5.9% |
| Property, Plant & Equipment | CA$1.69 Billion | 84.2% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (1997–2024)
This chart illustrates how New Gold 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. For live market cap, price, and company overview, see how much is New Gold Inc worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: New Gold Inc's current assets represent 13.7% of total assets in 2024, a decrease from 58.9% in 1997.
- Cash Position: Cash and equivalents constituted 5.3% of total assets in 2024, down from 56.8% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1997.
- Asset Diversification: The largest asset category is property, plant & equipment at 84.2% of total assets.
New Gold Inc Competitors by Total Assets
Key competitors of New Gold Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Wheaton Precious Metals Corp
TO:WPM
|
Canada | CA$8.42 Billion |
|
Gold Fields Ltd
JSE:GFI
|
South Africa | ZAC10.86 Billion |
|
Pan American Silver Corp
TO:PAAS
|
Canada | CA$9.72 Billion |
|
Agnico Eagle Mines Limited
TO:AEM
|
Canada | CA$34.41 Billion |
|
Zhongjin Gold Corp Ltd
SHG:600489
|
China | CN¥63.46 Billion |
|
Evolution Mining Ltd
AU:EVN
|
Australia | AU$10.02 Billion |
|
Gold Fields Limited
F:EDG
|
Germany | €15.23 Billion |
|
Dundee Precious Metals Inc
TO:DPM
|
Canada | CA$3.08 Billion |
New Gold Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.88 | 1.42 | 2.64 |
| Quick Ratio | 0.48 | 0.84 | 2.05 |
| Cash Ratio | 0.00 | 0.05 | 0.00 |
| Working Capital | CA$-41.56 Million | CA$82.60 Million | CA$260.10 Million |
New Gold Inc - Advanced Valuation Insights
This section examines the relationship between New Gold 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 | 6.62 |
| Latest Market Cap to Assets Ratio | 3.48 |
| Asset Growth Rate (YoY) | -12.3% |
| Total Assets | CA$2.00 Billion |
| Market Capitalization | $6.96 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values New Gold Inc's assets at a significant premium (3.48x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: New Gold Inc's assets decreased by 12.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for New Gold Inc (1997–2024)
The table below shows the annual total assets of New Gold Inc from 1997 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.00 Billion ≈ $1.45 Billion |
-12.34% |
| 2023-12-31 | CA$2.29 Billion ≈ $1.65 Billion |
+1.89% |
| 2022-12-31 | CA$2.24 Billion ≈ $1.62 Billion |
-9.42% |
| 2021-12-31 | CA$2.48 Billion ≈ $1.79 Billion |
+10.08% |
| 2020-12-31 | CA$2.25 Billion ≈ $1.63 Billion |
+4.24% |
| 2019-12-31 | CA$2.16 Billion ≈ $1.56 Billion |
-0.51% |
| 2018-12-31 | CA$2.17 Billion ≈ $1.57 Billion |
-45.99% |
| 2017-12-31 | CA$4.02 Billion ≈ $2.91 Billion |
+1.76% |
| 2016-12-31 | CA$3.95 Billion ≈ $2.86 Billion |
+7.41% |
| 2015-12-31 | CA$3.68 Billion ≈ $2.66 Billion |
-5.31% |
| 2014-12-31 | CA$3.88 Billion ≈ $2.81 Billion |
-7.55% |
| 2013-12-31 | CA$4.20 Billion ≈ $3.04 Billion |
-1.98% |
| 2012-12-31 | CA$4.28 Billion ≈ $3.10 Billion |
+32.98% |
| 2011-12-31 | CA$3.22 Billion ≈ $2.33 Billion |
+17.62% |
| 2010-12-31 | CA$2.74 Billion ≈ $1.98 Billion |
+10.07% |
| 2009-12-31 | CA$2.49 Billion ≈ $1.80 Billion |
+27.10% |
| 2008-12-31 | CA$1.96 Billion ≈ $1.42 Billion |
+313.52% |
| 2007-12-31 | CA$473.43 Million ≈ $342.47 Million |
+315.98% |
| 2006-12-31 | CA$113.81 Million ≈ $82.33 Million |
+216.58% |
| 2005-12-31 | CA$35.95 Million ≈ $26.01 Million |
+35.92% |
| 2004-12-31 | CA$26.45 Million ≈ $19.13 Million |
+20.47% |
| 2003-12-31 | CA$21.95 Million ≈ $15.88 Million |
+432.34% |
| 2002-12-31 | CA$4.12 Million ≈ $2.98 Million |
+11.30% |
| 2001-12-31 | CA$3.71 Million ≈ $2.68 Million |
-15.71% |
| 2000-12-31 | CA$4.40 Million ≈ $3.18 Million |
+491.19% |
| 1999-12-31 | CA$743.58K ≈ $537.89K |
+33.15% |
| 1998-12-31 | CA$558.43K ≈ $403.96K |
-6.68% |
| 1997-12-31 | CA$598.42K ≈ $432.89K |
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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