Novagold Resources (TSX:NG) Cash And Cash Equivalents : C$48.57 Mil (As of Feb. 2025)

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What is Novagold Resources Cash And Cash Equivalents?

Novagold Resources's quarterly cash and cash equivalents declined from Aug. 2024 (C$62.23 Mil) to Nov. 2024 (C$59.00 Mil) but then stayed the same from Nov. 2024 (C$59.00 Mil) to Feb. 2025 (C$48.57 Mil).

Novagold Resources's annual cash and cash equivalents declined from Nov. 2022 (C$85.97 Mil) to Nov. 2023 (C$62.71 Mil) and declined from Nov. 2023 (C$62.71 Mil) to Nov. 2024 (C$59.00 Mil).

Novagold Resources Cash And Cash Equivalents Historical Data

The historical data trend for Novagold Resources's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

Novagold Resources Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Cash And Cash Equivalents

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79.62

114.52

85.97

62.71

59.00

Novagold Resources Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash And Cash Equivalents	Get a 7-Day Free Trial															50.63	71.85	62.23	59.00	48.57

Novagold Resources Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Novagold Resources (TSX:NG) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Novagold Resources Cash And Cash Equivalents Related Terms

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Novagold Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany 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 operates in the gold mining industry, focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (Donlin Gold), a limited liability company owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The company includes exploration and development activities of gold and other presious metals.

Executives

Gregory Anthony Lang	Senior Officer
Kalidas Madhavpeddi	Director
Ronald Rimelman	Senior Officer
Diane Renee Garrett	Director
Richard Williams	Senior Officer
Ethan Schutt	Director
Anthony P. Walsh	Director
Melanie Hennessey	Senior Officer
Sharon Elizabeth Dowdall	Director
David Ottewell	Senior Officer
Clynton R. Nauman	Director
Igor Levental	Director