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Novagold Resources (Novagold Resources) Total Current Liabilities : $1.83 Mil (As of Feb. 2024)


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What is Novagold Resources Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Novagold Resources's total current liabilities for the quarter that ended in Feb. 2024 was $1.83

Novagold Resources Total Current Liabilities Historical Data

The historical data trend for Novagold Resources's Total Current Liabilities 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.

* Premium members only.

Novagold Resources Total Current Liabilities Chart

Novagold Resources Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 3.51 4.38 4.60 3.91

Novagold Resources Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.47 3.32 3.96 3.91 1.83

Novagold Resources Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Novagold Resources's Total Current Liabilities for the fiscal year that ended in Nov. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.502+0.192
+Other Current Liabilities+Current Deferred Liabilities
=0.212+0
=3.91

Novagold Resources's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=1.488+0.182
+Other Current Liabilities+Current Deferred Liabilities
=0.163+0
=1.83

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Novagold Resources Total Current Liabilities Related Terms

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Novagold Resources (Novagold Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (AMEX:NG) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
NGR:Germany NGR:Germany NG:Canada 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.
Executives
Gregory A. Lang director, officer: President & CEO C/O TRILOGY METALS INC., 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
Kalidas V Madhavpeddi director 511 ARROYO SQ, SOUTH PASADENA CA 91030
Diane R Garrett director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN, SUITE 400, SALT LAKE CITY UT 84111
Ethan Schutt director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Anthony P. Walsh director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Dawn Patricia Whittaker director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Hume D. Kyle director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Quintanilla Daniel Muniz director C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Sharon Dowdall director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
David A. Ottewell officer: Vice President & CFO C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Clynton R. Nauman director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
C. Kevin Mcarthur director 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Igor Levental director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Elaine J Dorward-king director 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
David Deisley officer: Exec. VP & General Counsel C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111