Novagold ResourcesFRA:NGR +3.06%33 Quick 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 2,636 Metals & Mining companies, Novagold Resources ranks better than 98.75% on this metric.
Novagold Resources has a quick ratio of 112.82. It generally indicates good short-term financial strength.
The historical rank and industry rank for Novagold Resources's Quick Ratio or its related term are showing as below:
FRA:NGR'
s Quick 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 Quick Ratio was 119.00. The lowest was 22.91. And the median was 49.65.
FRA:NGR's Quick Ratio is ranked better than 98.75% of 2636
companies
in the Metals & Mining industry
Industry Median: 2.325
vs FRA:NGR: 112.82
Novagold Resources (FRA:NGR) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Novagold Resources Quick Ratio Related Terms
Novagold Resources Quick Ratio Historical Data
* Premium members only.
The historical data trend for Novagold Resources's Quick 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 Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Novagold Resources's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Novagold Resources's Quick Ratio 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 Quick Ratio of 112.82 as of May. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Novagold Resources and its competitors. This is 127% above median its historical median of 49.65. Over the past decade, Novagold Resources' Quick Ratio has ranged from 22.91 to 119.00. According to the industry distribution chart, Novagold Resources ranks #33 out of 2636 companies in the Metals & Mining industry, placing it in the top 1.3%.
Is Novagold Resources' Quick Ratio too high?
Novagold Resources' current Quick 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 Quick Ratio is 2.33. Novagold Resources' value of 112.82 is 4752.5% above this industry median. Based on the distribution chart, Novagold Resources ranks #33 out of 2636 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' Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Novagold Resources ranks #33 out of 2636 companies for Quick Ratio. This places Novagold Resources in the top 1% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 2.33. Novagold Resources' value of 112.82 is 4752.5% above this benchmark. Historically, Novagold Resources' own Quick 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 2.33, 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 Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.33, based on 2,636 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novagold Resources's current Quick Ratio of 112.82 is 4752.5% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Novagold Resources and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagold Resources's current Quick 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 Quick Ratio of 112.82. The current Quick Ratio is 112.82, which is 127% above median its 10-year median of 49.65 and 4752.5% above the Metals & Mining industry median of 2.33. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Novagold Resources (FRA:NGR), the current Quick 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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