Novagold Resources (TSX:NG) Total Assets : C$145.89 Mil (As of Feb. 2025)

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What is Novagold Resources Total Assets?

Novagold Resources's Total Assets for the quarter that ended in Feb. 2025 was C$145.89 Mil.

During the past 12 months, Novagold Resources's average Total Assets Growth Rate was 2.30% per year. During the past 3 years, the average Total Assets Growth Rate was -31.70% per year. During the past 5 years, the average Total Assets Growth Rate was -42.60% per year. During the past 10 years, the average Total Assets Growth Rate was -32.80% per year.

During the past 13 years, Novagold Resources's highest 3-Year average Total Assets Growth Rate was 123.30%. The lowest was -57.40%. And the median was -0.95%.

Total Assets is connected with ROA %. Novagold Resources's annualized ROA % for the quarter that ended in Feb. 2025 was -34.85%. Total Assets is also linked to Revenue through Asset Turnover. Novagold Resources's Asset Turnover for the quarter that ended in Feb. 2025 was 0.00.

Novagold Resources Total Assets Historical Data

The historical data trend for Novagold Resources'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.

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Novagold Resources Total Assets Chart

Novagold Resources Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Total Assets

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293.41

249.90

214.22

182.70

153.36

Novagold Resources Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Total Assets	Get a 7-Day Free Trial															171.29	166.16	156.67	153.36	145.89

Novagold Resources 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.

Novagold Resources's Total Assets for the fiscal year that ended in Nov. 2024 is calculated as

Total Assets	=	Total Equity (A: Nov. 2024 )	+	Total Liabilities (A: Nov. 2024 )
	=	-66.254	+	219.612
	=	153.36

Novagold Resources's Total Assets for the quarter that ended in Feb. 2025 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2025 )	+	Total Liabilities (Q: Feb. 2025 )
	=	-80.255	+	226.143
	=	145.89

Novagold Resources (TSX:NG) Total Assets Explanation

Total Assets is connected with ROA %.

Novagold Resources's annualized ROA % for the quarter that ended in Feb. 2025 is

ROA %	=	Net Income (Q: Feb. 2025 )	/	( (Total Assets (Q: Nov. 2024 )	+	Total Assets (Q: Feb. 2025 ))	/ count )
	=	-52.14	/	( (153.358	+	145.888)	/ 2 )
	=	-52.14	/	149.623
	=	-34.85 %

Note: The Net Income data used here is four times the quarterly (Feb. 2025) 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.

Novagold Resources's Asset Turnover for the quarter that ended in Feb. 2025 is

	Asset Turnover
=	Revenue (Q: Feb. 2025 )	/	( (Total Assets (Q: Nov. 2024 )	+	Total Assets (Q: Feb. 2025 ))	/ count )
=	0	/	( (153.358	+	145.888)	/ 2 )
=	0	/	149.623
=	0.00

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.

Novagold Resources Total Assets Related Terms

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Novagold Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany 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 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 presious metals.

Executives

Gregory Anthony Lang	Senior Officer
Kalidas Madhavpeddi	Director
Ronald Rimelman	Senior Officer
Diane Renee Garrett	Director
Richard Williams	Senior Officer
Ethan Schutt	Director
Anthony P. Walsh	Director
Melanie Hennessey	Senior Officer
Sharon Elizabeth Dowdall	Director
David Ottewell	Senior Officer
Clynton R. Nauman	Director
Igor Levental	Director