Novagold Resources (NG) Debt Ratio (2014 - 2026)

Novagold Resources (NG) posted Debt Ratio of 0.29 for Q2 2026, up 5.74% quarter-over-quarter from 0.27 in Q1 2026, and down 39.86% year-on-year from 0.48 in Q2 2025.

Novagold Resources (NG) Debt Ratio (2014 - 2026) Analysis & Trends

Novagold Resources (NG) has reported Debt Ratio for 13 consecutive years, with 0.29 the latest figure, recorded in Q2 2026.

  • Debt Ratio for Q2 2026 came in at 0.29, down 39.86% year-over-year; the trailing twelve-month figure through May 2026 was 0.29 (down 39.86% YoY), and the FY2025 annual result was 0.5, down 64.14% from the prior year.
  • Debt Ratio was 0.29 for Q2 2026 at Novagold Resources, up from 0.27 in the prior quarter.
  • Over five years, Debt Ratio peaked at 1.52 in Q1 2025 and troughed at 0.27 in Q1 2026.
  • Average Debt Ratio over 5 years is 0.83, with a median of 0.81 recorded in 2022.
  • Year-over-year, Debt Ratio jumped 37.43% in 2025 and slumped 81.96% in 2026.
  • Over 5 years, Debt Ratio stood at 0.78 in 2022, then surged by 32.04% to 1.03 in 2023, then soared by 34.57% to 1.38 in 2024, then slumped by 64.14% to 0.5 in 2025, then plunged by 41.42% to 0.29 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.29 in Q2 2026, 0.27 in Q1 2026, and 0.5 in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 0.09
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 0.01
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 0.09
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 0.00
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn -
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 0.06
10 Novagold Resources 2.67 Bn 2.67 Bn - 0.29

Historic Data

Download Data
DateValue
May 31, 2026 0.29
Feb 28, 2026 0.27
Nov 30, 2025 0.50
Aug 31, 2025 0.47
May 31, 2025 0.48
Feb 28, 2025 1.52
Nov 30, 2024 1.38
Aug 31, 2024 1.29
May 31, 2024 1.18
Feb 29, 2024 1.11
Nov 30, 2023 1.03
Aug 31, 2023 0.96
May 31, 2023 0.91
Feb 28, 2023 0.84
Nov 30, 2022 0.78
Aug 31, 2022 0.73
May 31, 2022 0.67
Feb 28, 2022 0.62
Nov 30, 2021 0.58
Aug 31, 2021 0.56