The historical rank and industry rank for Novagold Resources's Equity-to-Asset or its related term are showing as below:
NG'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.13 Med: 0.61 Max: 0.8
Current: -0.13
During the past 13 years, the highest Equity to Asset Ratio of Novagold Resources was 0.80. The lowest was -0.13. And the median was 0.61.
NG's Equity-to-Asset is ranked worse than 90.3% of 2702
companies
in the Metals & Mining industry
Industry Median: 0.8
vs NG: -0.13
Novagold Resources Equity-to-Asset Historical Data
The historical data trend for Novagold Resources's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Novagold Resources's Equity-to-Asset
For the Gold subindustry, Novagold Resources's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novagold Resources's Equity-to-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Novagold Resources's Equity-to-Asset falls into.
Novagold Resources Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Novagold Resources's Equity to Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Novagold Resources Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Novagold Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Novagold Resources (Novagold Resources) Business Description
Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.
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