Novagold ResourcesFRA:NGR +1.08%33 Days Payable is 45,955.78 as of May. 2026, which is 103% above its 10-year median of 22,624.14. GuruFocus rates FRA:NGR with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 1,064 Metals & Mining companies, Novagold Resources ranks better than 94.92% on this metric.
The historical rank and industry rank for Novagold Resources's Days Payable or its related term are showing as below:
FRA:NGR'
s Days Payable Range Over the Past 10 Years
Min: 6922.27 Med: 22624.14 Max: 47490.56
Current: 38198.47
During the past 13 years, Novagold Resources's highest Days Payable was 47490.56. The lowest was 6922.27. And the median was 22624.14.
FRA:NGR's Days Payable is ranked better than 94.92% of 1064
companies
in the Metals & Mining industry
Industry Median: 126.885
vs FRA:NGR: 38198.47
Novagold Resources's Days Payable
increased
from May. 2025 (34,720.63) to May. 2026 (45,955.78).
It may suggest that Novagold Resourcesdelayed paying its suppliers.
Novagold Resources Days Payable Related Terms
Novagold Resources Days Payable Historical Data
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The historical data trend for Novagold Resources's Days Payable 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 Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Days Payable distribution charts can be found below:
* The bar in red indicates where Novagold Resources's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Novagold Resources's Days Payable for the fiscal year that ended in Nov. 2025 is calculated as
* 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 Days Payable of 45,955.78 as of May. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novagold Resources and its competitors. This is 103% above median its historical median of 22,624.14. Over the past decade, Novagold Resources' Days Payable has ranged from 6,922.27 to 47,490.56. According to the industry distribution chart, Novagold Resources ranks #54 out of 1064 companies in the Metals & Mining industry, placing it in the top 5.1%.
Is Novagold Resources' Days Payable too high?
Novagold Resources' current Days Payable of 45,955.78 is 103% above median its 10-year median of 22,624.14. Over the past 10 years, this metric has ranged from a low of 6,922.27 to a high of 47,490.56. The Metals & Mining industry median Days Payable is 126.89. Novagold Resources' value of 45,955.78 is 36118.4% above this industry median. Based on the distribution chart, Novagold Resources ranks #54 out of 1064 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' Days Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Novagold Resources ranks #54 out of 1064 companies for Days Payable. This places Novagold Resources in the top 5% of its industry — outperforming the majority of peers. The industry median Days Payable is 126.89. Novagold Resources' value of 45,955.78 is 36118.4% above this benchmark. Historically, Novagold Resources' own Days Payable has ranged from 6,922.27 to 47,490.56 over the past decade. While the company's 10-year median is 22,624.14 vs. the industry median of 126.89, 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 Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 126.89, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novagold Resources's current Days Payable of 45,955.78 is 36118.4% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novagold Resources and its competitors. For the Metals & Mining industry, the median Days Payable is 126.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagold Resources's current Days Payable is 45,955.78, which is 103% above median its own 10-year median of 22,624.14. 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 Days Payable of 45,955.78. The current Days Payable is 45,955.78, which is 103% above median its 10-year median of 22,624.14 and 36118.4% above the Metals & Mining industry median of 126.89. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Novagold Resources (FRA:NGR), the current Days Payable is 45,955.78 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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