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GuruFocus has detected 2 Warning Signs with Novagold Resources Inc \$NG.
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Novagold Resources Inc (AMEX:NG)
Equity-to-Asset
0.00 (As of Feb. 2017)

Equity to Asset ratio is calculated as shareholders tangible equity divided by its total asset. Novagold Resources Inc's total equity for the quarter that ended in Feb. 2017 was \$297.39 Mil. Novagold Resources Inc's total assets for the quarter that ended in Feb. 2017 was \$405.28 Mil.

During the past 13 years, the highest Equity to Asset Ratio of Novagold Resources Inc was 0.93. The lowest was -0.61. And the median was 0.54.

Definition

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholders tangible equity divided by its total asset.

Novagold Resources Inc's Equity to Asset Ratio for the fiscal year that ended in Nov. 2016 is calculated as

 Equity to Asset (A: Nov. 2016 ) = Total Equity / Total Assets = 300.263 / 408.261 =

Novagold Resources Inc's Equity to Asset Ratio for the quarter that ended in Feb. 2017 is calculated as

 Equity to Asset (Q: Feb. 2017 ) = Total Equity / Total Assets = 297.388 / 405.279 =

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

Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher Return on Equity because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

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

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 equity2asset 0.55 0.33 0.41 -0.61 0.00 0.00 0.00 0.00 0.00 0.00

Novagold Resources Inc Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 equity2asset 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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