New Found Gold Corp (NFG) - Total Assets
Based on the latest financial reports, New Found Gold Corp (NFG) holds total assets worth CA$119.95 Million CAD (≈ $86.77 Million 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 NFG net assets for net asset value and shareholders' equity analysis.
New Found Gold Corp - Total Assets Trend (2019–2024)
This chart illustrates how New Found Gold Corp's total assets have evolved over time, based on quarterly financial data.
New Found Gold Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
New Found Gold Corp's total assets of CA$119.95 Million consist of 40.2% current assets and 59.8% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 30.2% |
| Accounts Receivable | CA$0.00 | 0.0% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how New Found Gold Corp'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 NFG stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: New Found Gold Corp's current assets represent 40.2% of total assets in 2024, a decrease from 87.9% in 2019.
- Cash Position: Cash and equivalents constituted 30.2% of total assets in 2024, down from 78.4% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
New Found Gold Corp Competitors by Total Assets
Key competitors of New Found Gold Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Barrick Gold Corp
TO:ABX
|
Canada | CA$51.48 Billion |
|
New Gold Inc
TO:NGD
|
Canada | CA$2.37 Billion |
|
Franco-Nevada Corporation
TO:FNV
|
Canada | CA$8.23 Billion |
|
Kinross Gold Corp
TO:K
|
Canada | CA$12.12 Billion |
|
Pan American Silver Corp
TO:PAAS
|
Canada | CA$9.72 Billion |
|
Alamos Gold Inc
TO:AGI
|
Canada | CA$5.98 Billion |
|
Harmony Gold Mining Company Limited
F:HAM
|
Germany | €68.90 Billion |
|
OceanaGold Corporation
TO:OGC
|
Canada | CA$2.88 Billion |
New Found Gold Corp - 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 | 4.04 | 4.36 | 112.05 |
| Quick Ratio | 4.04 | 4.36 | 112.05 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$56.34 Million | CA$35.88 Million | CA$70.53 Million |
New Found Gold Corp - Advanced Valuation Insights
This section examines the relationship between New Found Gold Corp'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 | 12.39 |
| Latest Market Cap to Assets Ratio | 9.58 |
| Asset Growth Rate (YoY) | -12.5% |
| Total Assets | CA$74.02 Million |
| Market Capitalization | $709.21 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values New Found Gold Corp's assets at a significant premium (9.58x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: New Found Gold Corp's assets decreased by 12.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for New Found Gold Corp (2019–2024)
The table below shows the annual total assets of New Found Gold Corp from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$74.02 Million ≈ $53.54 Million |
-12.49% |
| 2023-12-31 | CA$84.58 Million ≈ $61.18 Million |
-23.59% |
| 2022-12-31 | CA$110.69 Million ≈ $80.07 Million |
-25.24% |
| 2021-12-31 | CA$148.06 Million ≈ $107.10 Million |
+101.34% |
| 2020-12-31 | CA$73.54 Million ≈ $53.20 Million |
+686.07% |
| 2019-12-31 | CA$9.36 Million ≈ $6.77 Million |
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About New Found Gold Corp
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located ne… Read more