Novagold Resources (NG) Debt to Equity (2014 - 2026)

Novagold Resources (NG) reported Debt to Equity of $0.38 for Q1 2026, up 113.84% on a YoY basis from $0.18 in Q1 2025, and down 62.33% quarter-over-quarter from $1.02 in Q4 2025.

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

Novagold Resources has reported Debt to Equity for 13 years, with the latest figure at $0.38 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 113.84% year-over-year to $0.38; the trailing twelve-month figure through Feb 2026 stood at $0.38 (up 113.84% YoY), and the FY2025 full-year result was $1.02, up 131.77% from the prior year.
  • Debt to Equity for Q1 2026 stood at $0.38, down from $1.02 in the prior quarter.
  • The five-year high for Debt to Equity was $3250.6 in Q3 2023, with the low at -$16.63 in Q4 2023.
  • Historically, Debt to Equity has averaged $190.89 across 5 years, with a median of $0.96 in 2025.
  • The largest YoY upside for Debt to Equity was 109604.61% in 2023 against a maximum downside of 502.06% in 2023.
  • Novagold Resources' Debt to Equity stood at $4.14 in 2022, then tumbled 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 sank by 62.33% to $0.38 in 2026.
  • The last three Debt to Equity figures came in at $0.38 (Q1 2026), $1.02 (Q4 2025), and $0.92 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -
2 Barrick Mining 1,048.41 Bn 1,051.14 Bn 3.12 Bn 0.13
3 Wheaton Precious Metals 429.35 Bn 428.20 Bn 699.37 Mn -
4 Alamos Gold 144.86 Bn 144.19 Bn 442.20 Mn -
5 Gold Fields 136.49 Bn 134.71 Bn - 0.32
6 Kinross Gold 110.14 Bn 107.96 Bn 1.44 Bn 0.08
7 Newmont 106.92 Bn 98.31 Bn 7.29 Bn 0.14
8 Equinox Gold 51.34 Bn 50.84 Bn - -
9 AngloGold Ashanti 47.89 Bn 44.92 Bn 1.94 Bn -
10 Novagold Resources 2.99 Bn 2.87 Bn - 0.38

Historic Data

Download Data
DateValue
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
May 31, 2021 1.15