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
DateValue
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