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GuruFocus has detected 2 Warning Signs with Novagold Resources Inc \$NG.
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Novagold Resources Inc (AMEX:NG)
Total Equity
\$313.16 Mil (As of Aug. 2016)

Novagold Resources Inc's total equity for the quarter that ended in Aug. 2016 was \$313.16 Mil.

Total equity is used to calculate book value per share. Novagold Resources Inc's book value per share for the quarter that ended in Aug. 2016 was \$0.98. The ratio of a companys debt over equity can be used to measure how leveraged this company is. Novagold Resources Inc's debt to equity ratio for the quarter that ended in Aug. 2016 was 0.27.

Definition

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Novagold Resources Inc's Total Equity for the fiscal year that ended in Nov. 2015 is calculated as

 Total Equity = Total Assets(Q: Aug. 2016 ) - Total Liabilities(Q: Aug. 2016 ) = 433.584 - 104.288 = 329.30

Novagold Resources Inc's Total Equity for the quarter that ended in Aug. 2016 is calculated as

 Total Equity = Total Assets(Q: Aug. 2016 ) - Total Liabilities(Q: Aug. 2016 ) = 420.389 - 107.229 = 313.16

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

Novagold Resources Inc's Book Value Per Share for the quarter that ended in Aug. 2016 is

 Book Value per Share = (Total Shareholders Equity - Preferred Stock) / Total Shares Outstanding = (313.16 - 0) / 320.02 = 0.98

2. The ratio of a companys debt over equity can be used to measure how leveraged this company is.

Novagold Resources Inc's Debt to Equity Ratio for the quarter that ended in Aug. 2016 is

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 83.66) / 313.16 = 0.27

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Novagold Resources Inc Annual Data

 Nov06 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Total Equity 386.72 642.15 204.92 304.98 -353.20 213.20 476.81 465.65 405.12 329.30

Novagold Resources Inc Quarterly Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Total Equity 441.61 430.34 405.12 368.47 361.86 339.28 329.30 315.77 318.76 313.16
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