NFGC (New Found Gold) Total Assets: $379.89 Mil (As of Mar. 2026)


NFGC New Found Gold Corp NFGC
31 GF Score
Price $1.47
! 3 Warning Signs
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What is New Found Gold Total Assets?

New Found Gold NFGC -4.55% 31 Total Assets is $379.89 Mil as of Mar. 2026. GuruFocus rates NFGC with a GF Score™ of 31/100. The stock has 3 warning signs investors should review.

New Found Gold's Total Assets for the quarter that ended in Mar. 2026 was $379.89 Mil.

During the past 12 months, New Found Gold's average Total Assets Growth Rate was 879.50% per year. During the past 3 years, the average Total Assets Growth Rate was 181.30% per year. During the past 5 years, the average Total Assets Growth Rate was 111.50% per year.

During the past 7 years, New Found Gold's highest 3-Year average Total Assets Growth Rate was 181.30%. The lowest was 38.90%. And the median was 101.15%.

Total Assets is connected with ROA %. New Found Gold's annualized ROA % for the quarter that ended in Mar. 2026 was -14.50%. Total Assets is also linked to Revenue through Asset Turnover. New Found Gold's Asset Turnover for the quarter that ended in Mar. 2026 was 0.02.

New Found Gold  (AMEX:NFGC) Total Assets Explanation

Total Assets is connected with ROA %.

New Found Gold's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=-55.712/( (388.641+379.888)/ 2 )
=-55.712/384.2645
=-14.50 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

New Found Gold's Asset Turnover for the quarter that ended in Mar. 2026 is

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=7.207/( (388.641+379.888)/ 2 )
=7.207/384.2645
=0.02

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

New Found Gold Total Assets Related Terms

New Found Gold Total Assets Historical Data

* Premium members only.

The historical data trend for New Found Gold's Total 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.

New Found Gold Total Assets Chart

New Found Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Assets
Get a 7-Day Free Trial 115.67 81.48 63.04 51.95 388.64

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
Total Assets 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 42.99 82.77 86.70 388.64 379.89
NFGC
31GF Score
New Found Gold Corp NFGC
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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New Found Gold Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

New Found Gold's Total Assets for the fiscal year that ended in Dec. 2025 is calculated as

Total Assets=Total Equity (A: Dec. 2025 )+Total Liabilities (A: Dec. 2025 )
=303.804+84.837
=388.64

New Found Gold's Total Assets for the quarter that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=295.584+84.305
=379.89

* 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 Total Assets →
What does a Total Assets of $379.89 Mil mean?
New Found Gold (NFGC) has a Total Assets of $379.89 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on New Found Gold and its competitors.
Is New Found Gold's Total Assets too high?
New Found Gold's current Total Assets is $379.89 Mil. Overall, New Found Gold has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does New Found Gold's Total Assets compare to NEM and AU?
New Found Gold's Total Assets of $379.89 Mil 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 Total Assets for a Metals & Mining company?
A good Total Assets depends on the Metals & Mining industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on New Found Gold and its competitors. New Found Gold's current Total Assets is $379.89 Mil. 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 Total Assets of $379.89 Mil. The current Total Assets is $379.89 Mil. New Found Gold's overall GF Score™ is 31/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For New Found Gold (NFGC), the current Total Assets is $379.89 Mil 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).
31GF Score

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