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Friday 6 November 2026
Export NG’s income statement to Excel — free account
Novagold Resources Inc.
- EPS
- −100.0%
- Free cash flow
- −261.1%
- Total debt
- +9.15%
Quarter to August 2026, against a year earlier
6.14
0.04
+0.66%
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Novagold Resources Inc. (NG) Debt to equity
Novagold Resources Inc.'s debt to equity at the end of the quarter to 31 August 2026 was 0.5×, down 0.6× from fiscal 2025 (1.0×). Over the past ten years it has ranged from −16.6× (fiscal 2023) to 4.1× (fiscal 2022); the current reading is higher than 82% of that period. That is above the Gold industry median of 0.0× and above the Basic Materials sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.0× | — |
| FY2024 | −3.2× | — |
| FY2023 | −16.6× | — |
| FY2022 | 4.1× | 179.79% |
| FY2021 | 1.5× | 49.08% |
| FY2020 | 1.0× | 31.81% |
| FY2019 | 0.8× | 25.28% |
| FY2018 | 0.6× | 89.43% |
| FY2017 | 0.3× | 12.21% |
| FY2016 | 0.3× | 15.92% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Aug 2026 | 0.5× | 11.13% |
| May 2026 | 0.4× | 7.84% |
| Feb 2026 | 0.4× | (62.33%) |
| Nov 2025 | 1.0× | 10.58% |
| 43 more quarters | Free account |
Against its own ten years
Low −16.6×
High 4.1×
Ten-year median
0.6×
Current reading's percentile
82
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| SSRM Silver Standard Resources Inc. compare | 0.0× |
| HYMC Hycroft Mining Holding Corporation compare | 0.0× |
| DRD DRDGOLD Limited compare | 0.0× |
| OGC Oceanagold Corp. compare | 0.0× |
| FSM Fortuna Mining Corp. compare | 0.1× |
| AAUC Allied Gold Corporation compare | 0.3× |
| ARIS Aris Mining Corporation compare | 0.3× |
| NG Novagold Resources Inc. | 0.5× |
| SA Seabridge Gold Inc. compare | 0.5× |
| Gold industry median | 0.0× |
| Basic Materials sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)