Novagold Resources (TSX:NG) Tax Rate % : -0.98% (As of Feb. 2024)

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What is Novagold Resources Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Novagold Resources's Tax Expense for the three months ended in Feb. 2024 was C$0.14 Mil. Novagold Resources's Pre-Tax Income for the three months ended in Feb. 2024 was C$-13.79 Mil. Therefore, Novagold Resources's Tax Rate % for the quarter that ended in Feb. 2024 was -0.98%.

Novagold Resources Tax Rate % Historical Data

The historical data trend for Novagold Resources's Tax Rate % 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 Tax Rate % Chart

Novagold Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Tax Rate %

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-4.83

2.27

-0.34

0.06

-0.08

Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Tax Rate %	Get a 7-Day Free Trial															-0.71	-	-	0.34	-0.98

Novagold Resources Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Novagold Resources's Tax Rate % for the fiscal year that ended in Nov. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Nov. 2023 )	/	Pre-Tax Income (A: Nov. 2023 )
	=	0.053	/	-64.099
	=	-0.08 %

Novagold Resources's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Feb. 2024 )	/	Pre-Tax Income (Q: Feb. 2024 )
	=	0.135	/	-13.794
	=	-0.98 %

Novagold Resources Tax Rate % Related Terms

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Novagold Resources (TSX:NG) Business Description

Industry

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

Comparable Companies

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.