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Novagold ResourcesNG -3.95%30 Cash Ratio is 111.44 as of May. 2026, which is 143% above its 10-year median of 45.83. GuruFocus rates NG with a GF Score™ of 30/100. The stock has 1 warning sign investors should review. Among 2,571 Metals & Mining companies, Novagold Resources ranks better than 98.87% on this metric.
Novagold Resources has a Cash Ratio of 111.44. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Novagold Resources's Cash Ratio or its related term are showing as below:
NG'
s Cash Ratio Range Over the Past 10 Years
Min: 22.57 Med: 45.83 Max: 111.44
Current: 111.44
During the past 13 years, Novagold Resources's highest Cash Ratio was 111.44. The lowest was 22.57. And the median was 45.83.
NG's Cash Ratio is ranked better than 98.87% of 2571
companies
in the Metals & Mining industry
Industry Median: 1.84
vs NG: 111.44
Novagold Resources (AMEX:NG) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Novagold Resources Cash Ratio Related Terms
Novagold Resources Cash Ratio Historical Data
* Premium members only.
The historical data trend for Novagold Resources's Cash Ratio 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.
For the Gold subindustry, Novagold Resources's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novagold Resources Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Novagold Resources's Cash Ratio falls into.
* 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.
Novagold Resources (NG) has a Cash Ratio of 111.44 as of May. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Novagold Resources and its competitors. This is 143% above median its historical median of 45.83. Over the past decade, Novagold Resources' Cash Ratio has ranged from 22.57 to 111.44. According to the industry distribution chart, Novagold Resources ranks #29 out of 2571 companies in the Metals & Mining industry, placing it in the top 1.1%.
Is Novagold Resources' Cash Ratio too high?
Novagold Resources' current Cash Ratio of 111.44 is 143% above median its 10-year median of 45.83. Over the past 10 years, this metric has ranged from a low of 22.57 to a high of 111.44. The Metals & Mining industry median Cash Ratio is 1.84. Novagold Resources' value of 111.44 is 5956.5% above this industry median. Based on the distribution chart, Novagold Resources ranks #29 out of 2571 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Novagold Resources has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Novagold Resources' Cash Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Novagold Resources ranks #29 out of 2571 companies for Cash Ratio. This places Novagold Resources in the top 1% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 1.84. Novagold Resources' value of 111.44 is 5956.5% above this benchmark. Historically, Novagold Resources' own Cash Ratio has ranged from 22.57 to 111.44 over the past decade. While the company's 10-year median is 45.83 vs. the industry median of 1.84, Novagold Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Metals & Mining company?
The median Cash Ratio among Metals & Mining companies is 1.84, based on 2,571 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novagold Resources's current Cash Ratio of 111.44 is 5956.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Novagold Resources and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagold Resources's current Cash Ratio is 111.44, which is 143% above median its own 10-year median of 45.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novagold Resources stock overvalued right now?
Novagold Resources (NG) has a current Cash Ratio of 111.44. The current Cash Ratio is 111.44, which is 143% above median its 10-year median of 45.83 and 5956.5% above the Metals & Mining industry median of 1.84. Novagold Resources' overall GF Score™ is 30/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Novagold Resources (NG), the current Cash Ratio is 111.44 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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 precious metals.
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