Novagold Resources (MEX:NGN) LT-Debt-to-Total-Asset: 0.29 (As of May. 2026)


MEX:NGN Novagold Resources Inc MEX:NGN
33 GF Score
Price MXN180.90
! 1 Warning Sign
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What is Novagold Resources LT-Debt-to-Total-Asset?

Novagold Resources MEX:NGN 33 LT-Debt-to-Total-Asset is 0.29 as of May. 2026. GuruFocus rates MEX:NGN with a GF Score™ of 33/100. The stock has 1 warning sign investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Novagold Resources's long-term debt to total assests ratio for the quarter that ended in May. 2026 was 0.29.

Novagold Resources's long-term debt to total assets ratio declined from May. 2025 (0.48) to May. 2026 (0.29). It may suggest that Novagold Resources is progressively becoming less dependent on debt to grow their business.

Novagold Resources  (MEX:NGN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Novagold Resources LT-Debt-to-Total-Asset Related Terms

Novagold Resources LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Novagold Resources's LT-Debt-to-Total-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.

Novagold Resources LT-Debt-to-Total-Asset Chart

Novagold Resources Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.78 1.03 1.39 0.50

Novagold Resources Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
LT-Debt-to-Total-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 0.48 0.47 0.50 0.28 0.29
MEX:NGN
33GF Score
Novagold Resources Inc MEX:NGN
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Novagold Resources LT-Debt-to-Total-Asset Calculation

Novagold Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2025 is calculated as

LT Debt to Total Assets (A: Nov. 2025 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2025 )/Total Assets (A: Nov. 2025 )
=3057.296/6154
=

Novagold Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2026 is calculated as

LT Debt to Total Assets (Q: May. 2026 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2026 )/Total Assets (Q: May. 2026 )
=3021.364/10388.089
=

* 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 LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.29 mean?
Novagold Resources (MEX:NGN) has a LT-Debt-to-Total-Asset of 0.29 as of May. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novagold Resources and its competitors.
Is Novagold Resources' LT-Debt-to-Total-Asset too high?
Novagold Resources' current LT-Debt-to-Total-Asset is 0.29. Overall, Novagold Resources has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Novagold Resources' LT-Debt-to-Total-Asset compare to NEM and AU?
Novagold Resources' LT-Debt-to-Total-Asset of 0.29 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 LT-Debt-to-Total-Asset for a Metals & Mining company?
A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novagold Resources and its competitors. Novagold Resources's current LT-Debt-to-Total-Asset is 0.29. 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 (MEX:NGN) has a current LT-Debt-to-Total-Asset of 0.29. The current LT-Debt-to-Total-Asset is 0.29. 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 LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Novagold Resources (MEX:NGN), the current LT-Debt-to-Total-Asset is 0.29 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 Business Description

Address 201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111
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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MXN180.90
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