Novagold Resources (NG) Debt Ratio (2014 - 2026)
Novagold Resources' (NG) Debt Ratio came in at 0.31 for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 34.2% from 0.47 a year earlier but up 6.8% from the prior quarter.
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Analysis
Novagold Resources (NG) Debt Ratio (2014 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Novagold Resources' Debt Ratio stood at 0.50, down 64.1% from FY2024.
- In prior fiscal years, Novagold Resources' Debt Ratio was 1.38 in FY2024 (+34.6%), 1.03 in FY2023 (+32.0%), 0.78 in FY2022 (+33.5%) and 0.58 in FY2021 (+19.0%).
- Quarterly Debt Ratio has run from a low of 0.27 in fiscal Q1 2026 to a high of 1.52 in fiscal Q1 2025 over five years.
- On a year-over-year basis, Debt Ratio has declined in each of the last six quarters, with an average decline of 33.9% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was fiscal Q1 2025, with growth of 37.4%; the weakest was fiscal Q1 2026, with a decline of 82.0%.
- According to Business Quant data, Debt Ratio for the three prior fiscal quarters was 0.29 (Q2 2026), 0.27 (Q1 2026) and 0.50 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | 0.16 |
| 2 | Southern Copper | 163.25 Bn | 142.03 Bn | 2.90 Bn | 0.33 |
| 3 | Rio Tinto | 141.48 Bn | 101.98 Bn | - | - |
| 4 | Newmont | 124.09 Bn | 92.10 Bn | 4.03 Bn | 0.09 |
| 5 | Freeport-Mcmoran | 98.83 Bn | 82.87 Bn | 2.19 Bn | 0.16 |
| 6 | Agnico Eagle Mines | 93.70 Bn | 83.33 Bn | 2.43 Bn | 0.01 |
| 7 | Barrick Mining | 69.37 Bn | 44.57 Bn | 2.90 Bn | 0.09 |
| 8 | Nucor | 60.48 Bn | 49.87 Bn | 2.03 Bn | 0.19 |
| 9 | ArcelorMittal | 48.64 Bn | 27.66 Bn | - | 0.16 |
| 10 | Novagold Resources | 2.83 Bn | 2.38 Bn | - | 0.31 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 0.31 |
| 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 |
API Access
Novagold Resources Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();