Novagold Resources (TSX:NG) Scaled Net Operating Assets : 0.06 (As of Feb. 2024)

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What is Novagold Resources Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Novagold Resources's operating assets for the quarter that ended in Feb. 2024 was C$12.66 Mil. Novagold Resources's operating liabilities for the quarter that ended in Feb. 2024 was C$2.57 Mil. Novagold Resources's Total Assets for the quarter that ended in Nov. 2023 was C$182.70 Mil. Therefore, Novagold Resources's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2024 was 0.06.

Novagold Resources Scaled Net Operating Assets Historical Data

The historical data trend for Novagold Resources's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Novagold Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Scaled Net Operating Assets

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0.36

0.40

0.11

0.15

0.02

Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.21	0.20	0.03	0.03	0.06

Competitive Comparison of Novagold Resources's Scaled Net Operating Assets

For the Gold subindustry, Novagold Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Novagold Resources's Scaled Net Operating Assets falls into.

Novagold Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Novagold Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Nov. 2023 )
=	(Operating Assets (A: Nov. 2023 )	-	Operating Liabilities (A: Nov. 2023 ))	/	Total Assets (A: Nov. 2022 )
=	(10.337	-	5.434)	/	214.221
=	0.02

where

	Operating Assets		(A: Nov. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	182.701	-	172.364
=	10.337

	Operating Liabilities		(A: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	193.972	-	188.275	-	0.263
=	5.434

Novagold Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Feb. 2024 )
=	(Operating Assets (Q: Feb. 2024 )	-	Operating Liabilities (Q: Feb. 2024 ))	/	Total Assets (Q: Nov. 2023 )
=	(12.664	-	2.566)	/	182.701
=	0.06

where

	Operating Assets		(Q: Feb. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	171.293	-	158.629
=	12.664

	Operating Liabilities		(Q: Feb. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	193.051	-	190.239	-	0.246
=	2.566

Novagold Resources Scaled Net Operating Assets Related Terms

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Novagold Resources (TSX:NG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (TSX:NG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany 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.