Novagold Resources (TSX:NG) Interest Expense : C$-18.59 Mil (TTM As of Feb. 2024)

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What is Novagold Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novagold Resources's interest expense for the three months ended in Feb. 2024 was C$ -4.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was C$-18.59 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Novagold Resources's Operating Income for the three months ended in Feb. 2024 was C$ -8.45 Mil. Novagold Resources's Interest Expense for the three months ended in Feb. 2024 was C$ -4.86 Mil. Novagold Resources did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Novagold Resources Interest Expense Historical Data

The historical data trend for Novagold Resources's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Novagold Resources Interest Expense Chart

Novagold Resources Annual Data

Trend

Nov14

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Nov18

Nov19

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Nov23

Interest Expense

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-9.64

-7.86

-7.44

-10.71

-17.91

Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-3.96	-4.34	-4.63	-4.76	-4.86

Novagold Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-18.59 Mil.

Novagold Resources (TSX:NG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Novagold Resources's Interest Expense for the three months ended in Feb. 2024 was C$-4.86 Mil. Its Operating Income for the three months ended in Feb. 2024 was C$-8.45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was C$190.24 Mil.

Novagold Resources's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Novagold Resources did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Novagold Resources (TSX:NG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (TSX:NG) » Definitions » Interest Expense

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Traded in Other Exchanges

NG:USA NGR:Germany NG:Argentina

Address

201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website

https://www.novagold.com

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.