Novagold Resources (NG) Debt to Equity (2014 - 2026)
Novagold Resources (NG) posted Debt to Equity of $0.41 for Q2 2026, up 7.84% quarter-over-quarter from $0.38 in Q1 2026, and down 57.07% year-on-year from $0.96 in Q2 2025.
Novagold Resources (NG) Debt to Equity (2014 - 2026) Analysis & Trends
Novagold Resources (NG) has reported Debt to Equity for 13 consecutive years, with $0.41 the latest figure, recorded in Q2 2026.
- Debt to Equity for Q2 2026 came in at $0.41, down 57.07% year-over-year; the trailing twelve-month figure through May 2026 was $0.41 (down 57.07% YoY), and the FY2025 annual result was $1.02, up 131.77% from the prior year.
- Debt to Equity was $0.41 for Q2 2026 at Novagold Resources, up from $0.38 in the prior quarter.
- Over five years, Debt to Equity peaked at $3250.6 in Q3 2023 and troughed at -$16.63 in Q4 2023.
- Average Debt to Equity over 5 years is $180.3, with a median of $0.94 recorded in 2025.
- The widest YoY moves for Debt to Equity: up 109604.61% in 2023, down 502.06% in 2023.
- Over 5 years, Debt to Equity stood at $4.14 in 2022, then slumped by 502.06% to -$16.63 in 2023, then surged by 80.78% to -$3.2 in 2024, then surged by 131.77% to $1.02 in 2025, then slumped by 59.38% to $0.41 in 2026.
- Per Business Quant data, the three most recent Debt to Equity figures were $0.41 in Q2 2026, $0.38 in Q1 2026, and $1.02 in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 0.13 |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | - |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 0.14 |
| 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 | - | 0.32 |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 0.08 |
| 10 | Novagold Resources | 2.67 Bn | 2.67 Bn | - | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 0.41 |
| Feb 28, 2026 | 0.38 |
| Nov 30, 2025 | 1.02 |
| Aug 31, 2025 | 0.92 |
| May 31, 2025 | 0.96 |
| Feb 28, 2025 | -2.76 |
| Nov 30, 2024 | -3.20 |
| Aug 31, 2024 | -3.91 |
| May 31, 2024 | -5.24 |
| Feb 29, 2024 | -8.71 |
| Nov 30, 2023 | -16.63 |
| Aug 31, 2023 | 3,250.59 |
| May 31, 2023 | 14.75 |
| Feb 28, 2023 | 5.94 |
| Nov 30, 2022 | 4.14 |
| Aug 31, 2022 | 2.96 |
| May 31, 2022 | 2.14 |
| Feb 28, 2022 | 1.71 |
| Nov 30, 2021 | 1.48 |
| Aug 31, 2021 | 1.31 |