NovaGold Long Term Debt vs Net Receivables Analysis

NG Stock

USD 3.18 0.04 1.24%

NovaGold Resources financial indicator trend analysis is infinitely more than just investigating NovaGold Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NovaGold Resources is a good investment. Please check the relationship between NovaGold Resources Long Term Debt and its Net Receivables accounts. 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.

Long Term Debt vs Net Receivables

Long Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NovaGold Resources Long Term Debt account and Net Receivables. At this time, the significance of the direction appears to have no relationship.

The correlation between NovaGold Resources' Long Term Debt and Net Receivables is 0.04. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of NovaGold Resources, assuming nothing else is changed. The correlation between historical values of NovaGold Resources' Long Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of NovaGold Resources are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Debt i.e., NovaGold Resources' Long Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that NovaGold Resources has held for over one year. Long-term debt appears on NovaGold Resources balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on NovaGold Resources balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Receivables

Most indicators from NovaGold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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' Enterprise Value is most likely to decrease significantly in the upcoming years.

NovaGold Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Net Receivables	Inventory	Other Liab	Net Tangible Assets
Total Assets		-0.13	0.57	0.57	0.98	0.66	-0.65	-0.06	-0.9	0.58	0.96	0.05	-0.09	0.7	0.27	-0.11	0.49	-0.15	0.27	0.35	0.63	0.48	-0.1	-0.39	0.48	0.68
Short Long Term Debt Total	-0.13		0.22	0.18	-0.34	-0.43	0.43	-0.73	0.2	0.33	-0.28	-0.18	0.12	0.34	0.54	0.69	0.02	0.74	0.82	-0.22	0.34	-0.16	0.01	-0.67	-0.34	-0.39
Other Current Liab	0.57	0.22		0.99	0.49	-0.14	-0.73	0.04	-0.4	0.94	0.46	-0.02	-0.2	0.66	0.0	-0.21	0.02	0.37	0.47	-0.04	0.61	0.28	-0.08	-0.15	-0.13	-0.21
Total Current Liabilities	0.57	0.18	0.99		0.49	-0.12	-0.75	0.1	-0.39	0.92	0.47	-0.03	-0.22	0.63	-0.06	-0.27	0.03	0.36	0.43	-0.08	0.57	0.26	-0.08	-0.09	-0.08	-0.2
Total Stockholder Equity	0.98	-0.34	0.49	0.49		0.72	-0.71	0.09	-0.9	0.47	0.97	0.11	-0.11	0.59	0.14	-0.26	0.46	-0.31	0.07	0.38	0.53	0.49	-0.09	-0.23	0.53	0.73
Property Plant And Equipment Net	0.66	-0.43	-0.14	-0.12	0.72		-0.18	0.13	-0.68	-0.15	0.79	-0.24	0.05	0.04	0.1	-0.07	0.52	-0.39	-0.17	0.43	-0.03	0.16	-0.2	-0.11	0.8	0.93
Net Debt	-0.65	0.43	-0.73	-0.75	-0.71	-0.18		-0.43	0.56	-0.71	-0.61	-0.14	0.3	-0.51	0.26	0.58	-0.14	0.24	0.08	-0.22	-0.47	-0.35	-0.01	-0.21	-0.06	-0.14
Retained Earnings	-0.06	-0.73	0.04	0.1	0.09	0.13	-0.43		0.11	-0.12	0.1	-0.1	-0.25	-0.45	-0.91	-0.85	-0.06	-0.16	-0.74	0.17	-0.49	-0.03	-0.17	0.93	0.05	-0.04
Accounts Payable	-0.9	0.2	-0.4	-0.39	-0.9	-0.68	0.56	0.11		-0.43	-0.86	-0.01	0.25	-0.63	-0.3	0.08	-0.41	0.36	-0.16	-0.28	-0.57	-0.24	0.09	0.39	-0.55	-0.71
Cash	0.58	0.33	0.94	0.92	0.47	-0.15	-0.71	-0.12	-0.43		0.41	0.01	-0.23	0.79	0.14	-0.08	0.16	0.34	0.55	0.06	0.76	0.25	0.01	-0.3	-0.21	-0.16
Non Current Assets Total	0.96	-0.28	0.46	0.47	0.97	0.79	-0.61	0.1	-0.86	0.41		-0.04	-0.03	0.49	0.13	-0.2	0.44	-0.19	0.11	0.34	0.39	0.44	-0.22	-0.23	0.63	0.75
Non Currrent Assets Other	0.05	-0.18	-0.02	-0.03	0.11	-0.24	-0.14	-0.1	-0.01	0.01	-0.04		0.13	0.31	0.12	-0.15	-0.16	-0.32	-0.17	-0.07	0.3	0.67	0.03	-0.1	-0.21	0.06
Other Assets	-0.09	0.12	-0.2	-0.22	-0.11	0.05	0.3	-0.25	0.25	-0.23	-0.03	0.13		-0.17	0.22	0.24	-0.26	-0.04	0.08	-0.19	-0.22	0.41	-0.2	-0.21	0.18	0.04
Cash And Short Term Investments	0.7	0.34	0.66	0.63	0.59	0.04	-0.51	-0.45	-0.63	0.79	0.49	0.31	-0.17		0.53	0.21	0.37	0.07	0.61	0.21	0.95	0.44	-0.02	-0.63	-0.11	0.21
Common Stock Shares Outstanding	0.27	0.54	0.0	-0.06	0.14	0.1	0.26	-0.91	-0.3	0.14	0.13	0.12	0.22	0.53		0.87	0.17	0.01	0.76	-0.06	0.55	0.12	0.14	-0.91	0.13	0.26
Non Current Liabilities Total	-0.11	0.69	-0.21	-0.27	-0.26	-0.07	0.58	-0.85	0.08	-0.08	-0.2	-0.15	0.24	0.21	0.87		0.14	0.26	0.75	-0.07	0.22	-0.15	0.06	-0.74	-0.05	0.01
Other Current Assets	0.49	0.02	0.02	0.03	0.46	0.52	-0.14	-0.06	-0.41	0.16	0.44	-0.16	-0.26	0.37	0.17	0.14		-0.03	0.15	0.78	0.37	0.2	0.02	-0.21	0.05	0.59
Other Stockholder Equity	-0.15	0.74	0.37	0.36	-0.31	-0.39	0.24	-0.16	0.36	0.34	-0.19	-0.32	-0.04	0.07	0.01	0.26	-0.03		0.55	-0.15	0.02	-0.18	-0.21	-0.16	-0.34	-0.48
Total Liab	0.27	0.82	0.47	0.43	0.07	-0.17	0.08	-0.74	-0.16	0.55	0.11	-0.17	0.08	0.61	0.76	0.75	0.15	0.55		-0.12	0.58	0.02	-0.01	-0.76	-0.12	-0.15
Property Plant And Equipment Gross	0.35	-0.22	-0.04	-0.08	0.38	0.43	-0.22	0.17	-0.28	0.06	0.34	-0.07	-0.19	0.21	-0.06	-0.07	0.78	-0.15	-0.12		0.19	0.32	-0.08	0.05	-0.19	0.49
Total Current Assets	0.63	0.34	0.61	0.57	0.53	-0.03	-0.47	-0.49	-0.57	0.76	0.39	0.3	-0.22	0.95	0.55	0.22	0.37	0.02	0.58	0.19		0.34	0.3	-0.64	-0.17	0.16
Short Term Debt	0.48	-0.16	0.28	0.26	0.49	0.16	-0.35	-0.03	-0.24	0.25	0.44	0.67	0.41	0.44	0.12	-0.15	0.2	-0.18	0.02	0.32	0.34		-0.22	-0.18	-0.04	0.31
Net Receivables	-0.1	0.01	-0.08	-0.08	-0.09	-0.2	-0.01	-0.17	0.09	0.01	-0.22	0.03	-0.2	-0.02	0.14	0.06	0.02	-0.21	-0.01	-0.08	0.3	-0.22		-0.1	-0.16	-0.1
Inventory	-0.39	-0.67	-0.15	-0.09	-0.23	-0.11	-0.21	0.93	0.39	-0.3	-0.23	-0.1	-0.21	-0.63	-0.91	-0.74	-0.21	-0.16	-0.76	0.05	-0.64	-0.18	-0.1		-0.13	-0.26
Other Liab	0.48	-0.34	-0.13	-0.08	0.53	0.8	-0.06	0.05	-0.55	-0.21	0.63	-0.21	0.18	-0.11	0.13	-0.05	0.05	-0.34	-0.12	-0.19	-0.17	-0.04	-0.16	-0.13		0.69
Net Tangible Assets	0.68	-0.39	-0.21	-0.2	0.73	0.93	-0.14	-0.04	-0.71	-0.16	0.75	0.06	0.04	0.21	0.26	0.01	0.59	-0.48	-0.15	0.49	0.16	0.31	-0.1	-0.26	0.69

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NovaGold Resources Account Relationship Matchups

NovaGold Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	198.9M	159.2M	133.3M	109.8M	126.2M	119.9M
Short Long Term Debt Total	116.1M	124.6M	137.5M	152.5M	175.3M	184.1M
Other Current Liab	3.5M	3.7M	3.0M	2.7M	3.1M	3.0M
Total Current Liabilities	4.4M	4.6M	3.9M	4.5M	4.0M	3.8M
Total Stockholder Equity	78.3M	29.9M	(8.2M)	(47.4M)	(54.5M)	(51.8M)
Property Plant And Equipment Net	423K	958K	898K	1.0M	913.5K	867.8K
Net Debt	25.0M	60.7M	91.8M	110.2M	126.8M	133.1M
Retained Earnings	(2.0B)	(2.0B)	(2.1B)	(2.1B)	(1.9B)	(1.8B)
Accounts Payable	682K	769K	703K	1.4M	1.2M	1.2M
Cash	91.1M	63.9M	45.7M	42.2M	48.6M	56.3M
Non Current Assets Total	29.4M	6.7M	6.1M	7.0M	8.0M	7.6M
Non Currrent Assets Other	92.7M	23.4M	23.6M	(7.0M)	(8.0M)	(7.6M)
Cash And Short Term Investments	169.1M	125.9M	125.7M	101.2M	116.4M	94.7M
Common Stock Shares Outstanding	331.5M	333.2M	334.1M	334.5M	384.6M	206.6M
Liabilities And Stockholders Equity	198.9M	159.2M	133.3M	109.8M	126.2M	119.9M
Non Current Liabilities Total	116.2M	124.7M	137.6M	152.7M	175.6M	90.9M
Other Current Assets	25K	1.3M	1.1M	1.2M	1.4M	1.3M
Other Stockholder Equity	82.2M	82.9M	88.6M	2.1B	2.4B	2.5B
Total Liab	120.6M	129.3M	141.5M	157.2M	180.7M	109.5M
Property Plant And Equipment Gross	423K	958K	898K	1.0M	913.5K	867.8K
Total Current Assets	169.5M	152.5M	127.2M	102.8M	118.2M	102.6M
Accumulated Other Comprehensive Income	(23.3M)	(24.4M)	(24.5M)	(25.1M)	(22.6M)	(21.5M)
Short Term Debt	224K	142K	192K	169K	194.4K	184.6K
Net Receivables	302K	25.4M	344.7K	22K	25.3K	24.0K
Net Tangible Assets	138.0M	110.7M	78.3M	29.9M	34.4M	32.7M
Long Term Debt	115.7M	123.7M	136.7M	151.5M	174.3M	183.0M
Common Stock Total Equity	2.0B	2.0B	2.0B	2.0B	2.3B	2.4B
Retained Earnings Total Equity	(1.9B)	(1.9B)	(2.0B)	(2.0B)	(1.8B)	(1.7B)
Short Term Investments	78M	62M	80M	59M	67.9M	44.6M
Long Term Investments	5.4M	5.7M	5.2M	6.0M	6.9M	6.5M
Common Stock	2.0B	2.0B	2.0B	2.0B	2.3B	1.2B
Property Plant Equipment	42K	634K	423K	958K	862.2K	819.1K
Long Term Debt Total	103.8M	109.8M	115.7M	123.7M	142.2M	106.3M
Capital Surpluse	82.3M	81.2M	82.2M	82.9M	95.3M	88.5M

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How To Invest In NovaGold

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Is NovaGold Stock a good investment?

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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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.

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NovaGold Long Term Debt vs Net Receivables Analysis

Long Term Debt vs Net Receivables

Long Term Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Receivables

NovaGold Resources fundamental ratios Correlations

NovaGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NovaGold Resources fundamental ratios Accounts

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COMPANY

Total Current Liabilities	+ 0.99	Other Current Liab
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Assets
Total Current Assets	+ 0.95	Cash And Short Term Investments
Cash	+ 0.94	Other Current Liab

Inventory	- 0.91	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.91	Retained Earnings
Accounts Payable	- 0.9	Total Stockholder Equity
Accounts Payable	- 0.9	Total Assets
Non Current Assets Total	- 0.86	Accounts Payable
Non Current Liabilities Total	- 0.85	Retained Earnings