NovaGold Historical Income Statement
| NG Stock | USD 3.66 0.08 2.23% |
Historical analysis of NovaGold Resources income statement accounts such as Other Operating Expenses of 29.8 M, Total Operating Expenses of 26.3 M or Cost Of Revenue of 8.6 K can show how well NovaGold Resources performed in making a profits. Evaluating NovaGold Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NovaGold Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining NovaGold Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NovaGold Resources is a good buy for the upcoming year.
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About NovaGold Income Statement Analysis
NovaGold Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to NovaGold Resources shareholders. The income statement also shows NovaGold investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
NovaGold Resources Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts NovaGold Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of NovaGold Resources minus its cost of goods sold. It is profit before NovaGold Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NovaGold Resources. It is also known as NovaGold Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from NovaGold Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NovaGold Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.At this time, NovaGold Resources' Total Operating Expenses is most likely to increase significantly in the upcoming years. The NovaGold Resources' current Non Operating Income Net Other is estimated to increase to about 1.9 M, while Gross Profit is projected to decrease to (9.4 K).
NovaGold Resources income statement Correlations
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NovaGold Resources Account Relationship Matchups
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NovaGold Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 7.3K | 6.9K | 6.8K | 10.0K | 9.0K | 9.4K | |
| Interest Expense | 6.0M | 5.9M | 8.0M | 13.1M | 15.0M | 11.7M | |
| Gross Profit | (22K) | (15K) | (7K) | (10K) | (9K) | (9.5K) | |
| Other Operating Expenses | 18.7M | 20.2M | 19.3M | 21.8M | 25.1M | 29.8M | |
| Operating Income | (33.2M) | (36.8M) | (48.3M) | (40.3M) | (36.3M) | (38.1M) | |
| Ebit | (14.3M) | (17.5M) | (16.6M) | (40.3M) | (36.3M) | (38.1M) | |
| Ebitda | (14.3M) | (17.5M) | (16.6M) | (40.3M) | (36.3M) | (38.1M) | |
| Total Operating Expenses | 18.7M | 20.2M | 19.3M | 21.8M | 25.1M | 26.3M | |
| Net Income | (33.6M) | (40.5M) | (53.3M) | (46.8M) | (42.1M) | (44.2M) | |
| Income Tax Expense | (781K) | 137K | (33K) | (39K) | (44.9K) | (47.1K) | |
| Income Before Tax | (34.3M) | (40.4M) | (53.4M) | (46.8M) | (42.1M) | (44.2M) | |
| Total Other Income Expense Net | (1.1M) | (3.6M) | (5.1M) | (6.5M) | (5.8M) | (6.1M) | |
| Cost Of Revenue | 22K | 15K | 7K | 10K | 9K | 8.6K | |
| Selling General Administrative | 18.7M | 20.2M | 20.1M | 21.8M | 25.1M | 20.6M | |
| Net Income From Continuing Ops | (33.6M) | (40.5M) | (53.3M) | (46.8M) | (42.1M) | (40.0M) | |
| Net Income Applicable To Common Shares | (27.8M) | (33.6M) | (40.5M) | (53.3M) | (48.0M) | (45.6M) | |
| Non Operating Income Net Other | 4.4M | 1.6M | (198K) | 2.0M | 1.8M | 1.9M | |
| Tax Provision | (781K) | 137K | (33K) | 39K | 35.1K | 33.3K | |
| Interest Income | 1.7M | 458K | 5.6M | 5.8M | 6.7M | 7.0M | |
| Net Interest Income | (4.3M) | (5.5M) | (6.4M) | (7.3M) | (6.5M) | (6.9M) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NovaGold Resources. If investors know NovaGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NovaGold Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Return On Assets (0.12) | Return On Equity (17.91) |
The market value of NovaGold Resources is measured differently than its book value, which is the value of NovaGold that is recorded on the company's balance sheet. Investors also form their own opinion of NovaGold Resources' value that differs from its market value or its book value, called intrinsic value, which is NovaGold Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NovaGold Resources' market value can be influenced by many factors that don't directly affect NovaGold Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NovaGold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NovaGold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NovaGold Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.