NFGC (New Found Gold) Debt-to-Asset : 0.00 (As of Mar. 2026)

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NFGC New Found Gold Corp NFGC
29 GF Score
Price $1.52
! 3 Warning Signs
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What is New Found Gold Debt-to-Asset?

New Found Gold NFGC +5.56% 29 Debt-to-Asset is 0.00 as of Mar. 2026. GuruFocus rates NFGC with a GF Score™ of 29/100. The stock has 3 warning signs investors should review.

New Found Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.24 Mil. New Found Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.99 Mil. New Found Gold's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2026 was $379.89 Mil. New Found Gold's debt to asset for the quarter that ended in Mar. 2026 was 0.00.

New Found Gold  (AMEX:NFGC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

New Found Gold Debt-to-Asset Related Terms

New Found Gold Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for New Found Gold's Debt-to-Asset 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.

New Found Gold Debt-to-Asset Chart

New Found Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

New Found Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Asset 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 0.00 0.00 0.00 0.00 0.00

NFGC vs NEM, AU: Debt-to-Asset Comparison

For the Gold subindustry, New Found Gold's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

New Found Gold Debt-to-Asset vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, New Found Gold's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where New Found Gold's Debt-to-Asset falls into.


NFGC
29GF Score
New Found Gold Corp NFGC
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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New Found Gold Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

New Found Gold's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.216 + 0.612) / 388.641
=0.00

New Found Gold's Debt-to-Asset for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.237 + 0.993) / 379.888
=0.00

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.00 mean?
New Found Gold (NFGC) has a Debt-to-Asset of 0.00 as of Mar. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on New Found Gold and its competitors.
Is New Found Gold's Debt-to-Asset too high?
New Found Gold's current Debt-to-Asset is 0.00. Overall, New Found Gold has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does New Found Gold's Debt-to-Asset compare to NEM and AU?
New Found Gold's Debt-to-Asset of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Metals & Mining company?
A good Debt-to-Asset depends on the Metals & Mining industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on New Found Gold and its competitors. New Found Gold's current Debt-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Found Gold stock overvalued right now?
New Found Gold (NFGC) has a current Debt-to-Asset of 0.00. The current Debt-to-Asset is 0.00. New Found Gold's overall GF Score™ is 29/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For New Found Gold (NFGC), the current Debt-to-Asset is 0.00 as of Mar. 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.

New Found Gold Business Description

Other Exchanges 5QG:GermanyNFG:Canada
Address 1133 Melville Street, Suite 3500, Vancouver, BC, CAN, V6E 4E5
New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Companies exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).
29GF Score

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Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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