NovaGold Historical Cash Flow
| NG Stock | CAD 4.22 0.20 4.52% |
Analysis of NovaGold Resources cash flow over time is an excellent tool to project NovaGold Resources future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as End Period Cash Flow of 56.3 M or Other Non Cash Items of 17.4 M as it is a great indicator of NovaGold Resources ability to facilitate future growth, repay debt on time or pay out dividends.
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 Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in NovaGold balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which NovaGold's non-liquid assets can be easily converted into cash.
NovaGold Resources Cash Flow Chart
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Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from NovaGold Resources' cash flow statement are interrelated and interconnected. However, analyzing cash flow 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 cash flow 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 estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.At this time, NovaGold Resources' Change To Liabilities is very stable compared to the past year.
| 2022 | 2024 | 2025 (projected) | Stock Based Compensation | 8.7M | 6.5M | 7.3M | Depreciation | 10.0 | 11.5 | 10.93 |
NovaGold Resources cash flow statement Correlations
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NovaGold Resources Account Relationship Matchups
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High Negative Relationship
NovaGold Resources cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | 30.2M | (27.2M) | (18.1M) | (3.5M) | (3.2M) | (3.0M) | |
| Free Cash Flow | (9.7M) | (12.4M) | (7.8M) | (12.6M) | (14.5M) | (15.3M) | |
| Change In Working Capital | 1.8M | (2.1M) | (535K) | 368K | 331.2K | 347.8K | |
| Begin Period Cash Flow | 60.9M | 91.1M | 63.9M | 45.7M | 52.6M | 54.6M | |
| Other Cashflows From Financing Activities | (1.7M) | (731K) | (2.1M) | (10.3M) | (9.3M) | (8.8M) | |
| Total Cash From Operating Activities | (9.9M) | (12.4M) | (7.8M) | (12.6M) | (11.4M) | (11.9M) | |
| Net Income | (40.5M) | (53.3M) | (46.8M) | (45.6M) | (41.1M) | (43.1M) | |
| Total Cash From Financing Activities | (731K) | (2.1M) | 0.0 | (174K) | (156.6K) | (148.8K) | |
| End Period Cash Flow | 91.1M | 63.9M | 45.7M | 42.2M | 48.6M | 56.3M | |
| Other Non Cash Items | 4.3M | 34.8M | 30.8M | 15.1M | 17.4M | 17.4M | |
| Depreciation | 14.7M | 938K | 7.0 | 10.0 | 11.5 | 10.93 | |
| Stock Based Compensation | 8.2M | 8.2M | 8.7M | 7.2M | 6.5M | 7.3M | |
| Total Cashflows From Investing Activities | 53.9M | 4.7M | 40.4M | (12.4M) | (14.2M) | (13.5M) | |
| Change To Operating Activities | 244K | 2K | 2.0M | (2.2M) | (2.0M) | (1.9M) | |
| Investments | (34.8M) | (12.4M) | (10.3M) | 9.4M | 8.4M | 8.8M | |
| Change To Netincome | 21.3M | 23.7M | 28.9M | 43.0M | 49.5M | 39.4M | |
| Change To Liabilities | 84K | (137K) | (240K) | 128K | 147.2K | 154.6K |
Pair Trading with NovaGold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NovaGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NovaGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving against NovaGold Stock
The ability to find closely correlated positions to NovaGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NovaGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NovaGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NovaGold Resources to buy it.
The correlation of NovaGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NovaGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NovaGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NovaGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.