Novagold Resources (NG) Debt Ratio (2014 - 2026)
Novagold Resources' (NG) quarterly Debt Ratio came in at 0.29 in Q2 2026, down 39.86% YoY from 0.48 in Q2 2025, and up 5.74% on a QoQ basis from 0.27 in Q1 2026.
Novagold Resources (NG) Debt Ratio (2014 - 2026) Analysis & Trends
Novagold Resources (NG) has 13 years of Debt Ratio data on file, last reported at 0.29 in Q2 2026.
- Quarterly Debt Ratio fell 39.86% year-over-year to 0.29 in Q2 2026, while the trailing twelve-month figure through May 2026 was 0.29 (down 39.86% YoY) and the FY2025 annual result came in at 0.5, down 64.14% from the prior year.
- Debt Ratio rose to 0.29 in Q2 2026, from 0.27 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 1.52 in Q1 2025 to a low of 0.27 in Q1 2026.
- A 5-year average of 0.83 and a median of 0.81 in 2022 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2025 — Debt Ratio surged 37.43% — and 2026, when it plunged 81.96%.
- Tracing NG's Debt Ratio over 5 years: 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 tumbled by 64.14% to 0.5 in 2025, then sank by 41.42% to 0.29 in 2026.
- The last three Debt Ratio figures came in at 0.29 (Q2 2026), 0.27 (Q1 2026), and 0.5 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 0.09 |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 0.01 |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 0.09 |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | - |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 0.10 |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | 0.18 |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | 0.07 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 0.05 |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 0.04 |
| 10 | Novagold Resources | 3.80 Bn | 3.80 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 |