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| Date | Value |
|---|---|
| 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 |