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| Date | Value |
|---|---|
| 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 |