NovaGold Income Statement Research
| NG Stock | USD 2.85 0.08 2.73% |
NovaGold |
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 NovaGold Resources Valuation and NovaGold Resources Correlation analysis. 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
High Positive Relationship
High Negative Relationship
NovaGold Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 6.0M | 5.9M | 8.0M | 13.1M | 15.0M | 11.7M | |
| Gross Profit | (22K) | (15K) | (7K) | (10K) | (9K) | (9.5K) | |
| Operating Income | (33.2M) | (36.8M) | (48.3M) | (40.3M) | (36.3M) | (38.1M) | |
| Ebit | (33.2M) | (36.8M) | (48.3M) | (40.3M) | (36.3M) | (38.1M) | |
| Ebitda | (28.2M) | (33.6M) | (45.8M) | (40.3M) | (36.3M) | (38.1M) | |
| 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) | |
| Cost Of Revenue | 22K | 15K | 7K | 10K | 9K | 8.6K | |
| 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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Try AI Portfolio ArchitectCheck out NovaGold Resources Valuation and NovaGold Resources Correlation analysis. For more detail on how to invest in NovaGold Stock please use our How to Invest in NovaGold Resources guide.Note that the NovaGold Resources information on this page should be used as a complementary analysis to other NovaGold Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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When running NovaGold Resources' price analysis, check to measure NovaGold Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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Is NovaGold Resources' industry 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 (0.10) | 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.