NovaGold Resources Inc (NG) — Working Capital to Net Assets Ratio
NovaGold Resources Inc (NG) has a Working Capital to Net Assets ratio of 2.2% as of August 2025. Working capital of CA$3.98 Million (current assets of CA$8.67 Million minus current liabilities of CA$4.69 Million) is measured against net assets of CA$177.11 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of NovaGold Resources Inc to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NovaGold Resources Inc Working Capital to Net Assets (1996–2024)
This chart shows how NovaGold Resources Inc's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1996 to 2024. As of August 2025, the ratio stands at 2.2%, reflecting working capital of CA$3.98 Million against net assets of CA$177.11 Million CAD. For the complete balance sheet picture, see NovaGold Resources Inc (NG) total assets.
Annual Working Capital to Net Assets for NovaGold Resources Inc (1996–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for NovaGold Resources Inc from 1996 to 2024, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check NG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -207.2% | CA$98.27 Million | CA$-47.42 Million | CA$102.75 Million | CA$4.49 Million | ▲ +1292.4 pp |
| 2023 | -1499.6% | CA$123.31 Million | CA$-8.22 Million | CA$127.22 Million | CA$3.91 Million | ▼ -1994.3 pp |
| 2022 | 494.7% | CA$147.94 Million | CA$29.90 Million | CA$152.54 Million | CA$4.60 Million | ▲ +283.9 pp |
| 2021 | 210.9% | CA$165.07 Million | CA$78.28 Million | CA$169.45 Million | CA$4.38 Million | ▲ +36.7 pp |
| 2020 | 174.2% | CA$192.88 Million | CA$110.73 Million | CA$196.39 Million | CA$3.51 Million | ▲ +67.6 pp |
| 2019 | 106.6% | CA$147.00 Million | CA$137.95 Million | CA$150.34 Million | CA$3.34 Million | ▲ +3.4 pp |
| 2018 | 103.1% | CA$165.72 Million | CA$160.69 Million | CA$169.38 Million | CA$3.66 Million | ▲ +74.5 pp |
| 2017 | 28.7% | CA$81.42 Million | CA$284.03 Million | CA$84.84 Million | CA$3.42 Million | ▼ -6.1 pp |
| 2016 | 34.7% | CA$104.29 Million | CA$300.26 Million | CA$107.34 Million | CA$3.05 Million | ▼ -3.7 pp |
| 2015 | 38.4% | CA$126.52 Million | CA$329.30 Million | CA$130.04 Million | CA$3.52 Million | ▲ +1.4 pp |
| 2014 | 37.0% | CA$149.83 Million | CA$405.12 Million | CA$169.06 Million | CA$19.23 Million | ▼ -4.3 pp |
| 2013 | 41.3% | CA$192.46 Million | CA$465.65 Million | CA$196.81 Million | CA$4.35 Million | ▲ +11.0 pp |
| 2012 | 30.4% | CA$145.46 Million | CA$479.23 Million | CA$257.87 Million | CA$112.41 Million | ▲ +23.0 pp |
| 2011 | 7.3% | CA$36.13 Million | CA$494.65 Million | CA$81.37 Million | CA$45.24 Million | ▼ -14.3 pp |
| 2010 | 21.7% | CA$129.80 Million | CA$599.51 Million | CA$159.70 Million | CA$29.90 Million | ▲ +17.3 pp |
| 2009 | 4.3% | CA$25.13 Million | CA$582.22 Million | CA$39.02 Million | CA$13.90 Million | ▲ +7.8 pp |
| 2008 | -3.5% | CA$-15.44 Million | CA$438.48 Million | CA$13.82 Million | CA$29.26 Million | ▼ -6.1 pp |
| 2007 | 2.6% | CA$22.01 Million | CA$859.80 Million | CA$148.50 Million | CA$126.50 Million | ▼ -14.3 pp |
| 2006 | 16.9% | CA$65.34 Million | CA$386.72 Million | CA$100.37 Million | CA$35.02 Million | ▲ +3.3 pp |
| 2005 | 13.6% | CA$26.20 Million | CA$192.85 Million | CA$34.85 Million | CA$8.65 Million | ▼ -15.6 pp |
| 2004 | 29.2% | CA$42.16 Million | CA$144.45 Million | CA$48.87 Million | CA$6.71 Million | ▼ -29.5 pp |
| 2003 | 58.7% | CA$42.16 Million | CA$71.80 Million | CA$46.87 Million | CA$4.71 Million | ▲ +21.8 pp |
| 2002 | 36.9% | CA$10.60 Million | CA$28.71 Million | CA$14.63 Million | CA$4.03 Million | ▲ +60.5 pp |
| 2001 | -23.6% | CA$-1.70 Million | CA$7.18 Million | CA$814.69K | CA$2.51 Million | ▲ +14.0 pp |
| 2000 | -37.6% | CA$-1.63 Million | CA$4.33 Million | CA$614.01K | CA$2.24 Million | ▲ +30.0 pp |
| 1999 | -67.6% | CA$-1.56 Million | CA$2.31 Million | CA$950.74K | CA$2.51 Million | ▼ -767.6 pp |
| 1998 | 700.0% | CA$-1.82 Million | CA$-260.42K | CA$130.21K | CA$1.95 Million | ▲ +736.2 pp |
| 1997 | -36.2% | CA$-1.48 Million | CA$4.08 Million | CA$140.55K | CA$1.62 Million | ▲ +15.6 pp |
| 1996 | -51.9% | CA$-2.08 Million | CA$4.01 Million | CA$445.27K | CA$2.52 Million | — |