Novagold ResourcesFRA:NGR -1.08%33 Current Ratio is 112.82 as of May. 2026, which is 127% above its 10-year median of 49.65. GuruFocus rates FRA:NGR with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 2,637 Metals & Mining companies, Novagold Resources ranks better than 98.75% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Novagold Resources's current ratio for the quarter that ended in May. 2026 was 112.82.
Novagold Resources has a current ratio of 112.82. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Novagold Resources's Current Ratio or its related term are showing as below:
FRA:NGR'
s Current Ratio Range Over the Past 10 Years
Min: 22.91 Med: 49.65 Max: 119
Current: 112.82
During the past 13 years, Novagold Resources's highest Current Ratio was 119.00. The lowest was 22.91. And the median was 49.65.
FRA:NGR's Current Ratio is ranked better than 98.75% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.62
vs FRA:NGR: 112.82
Novagold Resources (FRA:NGR) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Novagold Resources Current Ratio Related Terms
Novagold Resources Current Ratio Historical Data
* Premium members only.
The historical data trend for Novagold Resources's Current 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 Current Ratio, along with its competitors' market caps and Current 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 Current Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Current Ratio distribution charts can be found below:
* The bar in red indicates where Novagold Resources's Current 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 (FRA:NGR) has a Current Ratio of 112.82 as of May. 2026. This is 127% above median its historical median of 49.65. Over the past decade, Novagold Resources' Current Ratio has ranged from 22.91 to 119.00. According to the industry distribution chart, Novagold Resources ranks #33 out of 2637 companies in the Metals & Mining industry, placing it in the top 1.3%.
Is Novagold Resources' Current Ratio too high?
Novagold Resources' current Current Ratio of 112.82 is 127% above median its 10-year median of 49.65. Over the past 10 years, this metric has ranged from a low of 22.91 to a high of 119.00. The Metals & Mining industry median Current Ratio is 2.62. Novagold Resources' value of 112.82 is 4206.1% above this industry median. Based on the distribution chart, Novagold Resources ranks #33 out of 2637 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 33/100, reflecting its overall financial health beyond just this single metric.
How does Novagold Resources' Current Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Novagold Resources ranks #33 out of 2637 companies for Current Ratio. This places Novagold Resources in the top 1% of its industry — outperforming the majority of peers. The industry median Current Ratio is 2.62. Novagold Resources' value of 112.82 is 4206.1% above this benchmark. Historically, Novagold Resources' own Current Ratio has ranged from 22.91 to 119.00 over the past decade. While the company's 10-year median is 49.65 vs. the industry median of 2.62, 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 Current Ratio for a Metals & Mining company?
The median Current Ratio among Metals & Mining companies is 2.62, based on 2,637 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novagold Resources's current Current Ratio of 112.82 is 4206.1% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Current Ratio is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagold Resources's current Current Ratio is 112.82, which is 127% above median its own 10-year median of 49.65. 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 (FRA:NGR) has a current Current Ratio of 112.82. The current Current Ratio is 112.82, which is 127% above median its 10-year median of 49.65 and 4206.1% above the Metals & Mining industry median of 2.62. Novagold Resources' overall GF Score™ is 33/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Novagold Resources (FRA:NGR), the current Current Ratio is 112.82 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.
33GF Score
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