Novagold Resources (FRA:NGR) Short-Term Debt & Capital Lease Obligation : €0.17 Mil (As of Feb. 2024)

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What is Novagold Resources Short-Term Debt & Capital Lease Obligation?

Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Novagold Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0.17 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Novagold Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €130.63 Mil.

Novagold Resources Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Novagold Resources's Short-Term Debt & Capital Lease Obligation 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.

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Novagold Resources Short-Term Debt & Capital Lease Obligation Chart

Novagold Resources Annual Data

Trend

Nov14

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Nov23

Short-Term Debt & Capital Lease Obligation

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0.18

0.20

0.14

0.18

Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															0.16	0.17	0.17	0.18	0.17

Novagold Resources Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Novagold Resources Short-Term Debt & Capital Lease Obligation Related Terms

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Novagold Resources (FRA:NGR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (FRA:NGR) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

NG:USA NGR:Germany NG:Canada NG:Argentina

Address

201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website

https://www.novagold.com

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.

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