Novagold Resources (NG) Interest Coverage Ratio (2013 - 2026)
Novagold Resources' (NG) quarterly Interest Coverage Ratio came in at 4.13 in Q1 2026, down 107.6% on a YoY basis from 54.42 in Q1 2025, and down 7.12% quarter-over-quarter from 3.86 in Q4 2025.
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Analysis
Novagold Resources (NG) Interest Coverage Ratio (2013 - 2026) Analysis & Trends
Novagold Resources (NG) has reported Interest Coverage Ratio for 13 consecutive years, with 4.13 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio fell 107.6% year-over-year to 4.13; the trailing twelve-month figure through Feb 2026 stood at 3.72 (down 53.43% YoY), and the FY2025 full-year result was 3.2, down 24.92% from the prior year.
- Interest Coverage Ratio declined to 4.13 in Q1 2026 per NG's latest filing, from 3.86 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 1.99 in Q1 2025 and bottomed at 8.2 in Q2 2022.
- Historically, Interest Coverage Ratio has averaged 3.8 across 5 years, with a median of 3.42 in 2023.
- The sharpest annual moves came in 2023 and 2026: Interest Coverage Ratio soared 58.67% in 2023, then tumbled 107.6% in 2026.
- Over 5 years, Interest Coverage Ratio stood at 4.27 in 2022, then jumped by 46.5% to 2.28 in 2023, then decreased by 9.57% to 2.5 in 2024, then sank by 54.28% to 3.86 in 2025, then retreated by 7.12% to 4.13 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 4.13, 3.86, and 3.59 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn | - |
| 2 | Barrick Mining | 74.96 Bn | 78.57 Bn | 2.90 Bn | 105.08 |
| 3 | AngloGold Ashanti | 55.10 Bn | 53.93 Bn | 1.70 Bn | - |
| 4 | Alamos Gold | 15.53 Bn | 14.85 Bn | 587.30 Mn | 61.60 |
| 5 | Iamgold | 12.11 Bn | 11.65 Bn | 415.10 Mn | 32.63 |
| 6 | Buenaventura Mining | 8.61 Bn | 7.86 Bn | - | - |
| 7 | Eldorado Gold | 8.54 Bn | 7.99 Bn | 302.67 Mn | 21.00 |
| 8 | Equinox Gold | 8.07 Bn | 8.23 Bn | 428.20 Mn | 10.19 |
| 9 | B2Gold | 7.49 Bn | 7.53 Bn | 308.29 Mn | 33.89 |
| 10 | Novagold Resources | 3.53 Bn | 3.53 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Feb 28, 2026 | -4.13 |
| Nov 30, 2025 | -3.86 |
| Aug 31, 2025 | -3.59 |
| May 31, 2025 | -3.31 |
| Feb 28, 2025 | -1.99 |
| Nov 30, 2024 | -2.50 |
| Aug 31, 2024 | -2.07 |
| May 31, 2024 | -3.13 |
| Feb 29, 2024 | -2.56 |
| Nov 30, 2023 | -2.28 |
| Aug 31, 2023 | -2.69 |
| May 31, 2023 | -4.07 |
| Feb 28, 2023 | -3.42 |
| Nov 30, 2022 | -4.27 |
| Aug 31, 2022 | -6.50 |
| May 31, 2022 | -8.20 |
| Feb 28, 2022 | -6.10 |
| Nov 30, 2021 | -5.80 |
| Aug 31, 2021 | -7.72 |
| May 31, 2021 | -6.21 |