Asset Breakdown
Assets Non Current
158.1 M
Current Assets
| Total Assets | 292.26 Million | |
| Current Assets | 158.09 Million | |
| Assets Non Current | 25.91 Million | |
| Tax Assets | 10.85 Million |
Will Novagold Resources (NYSEMKT:NG) debt increase in October 2021?
 | By Raphi Shpitalnik | Macroaxis Story |
Novagold Resources is scheduled to announce its earnings today. The next earnings report is expected on the 26th of January 2022. Novagold Resources Average Equity is projected to decrease significantly based on the last few years of reporting. The past year's Average Equity was at 138.52 Million. The current year Enterprise Value is expected to grow to about 4.1 B, whereas Earnings before Tax are forecasted to decline to (42.6 M). While some of us are becoming more enthusiastic about basic materials space, let's digest Novagold Resources in greater detail to make a better estimate of its debt utilization. Let's try to discuss if Novagold Resources shares are reasonably priced going into October.
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Reviewed by Michael Smolkin
Novagold Resources reports 111.8 M of total liabilities with total debt to equity ratio (D/E) of 1.07, which is normal for its line of buisiness.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Novagold Resources has an asset utilization ratio of 0.15 percent. This indicates that the company is making $0.001467 for each dollar of assets. An increasing asset utilization means that Novagold Resources is more efficient with each dollar of assets it utilizes for everyday operations.
Fidelity Advisor financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Fidelity Advisor, including all of Fidelity Advisor's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Fidelity Advisor assets, the company is considered highly leveraged. Understanding the composition and structure of overall Fidelity Advisor debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page. Instrument Allocation
The asset allocation of funds such as Fidelity Advisor usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Fidelity Advisor Gold
DetailsBreaking down the case for Fidelity Advisor
This firm generated the yearly revenue of 599 K. Annual Net Loss to common stockholders was (34.92 M) with gross profit of 1.56 M.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Fidelity Advisor Gold. Please refer to our Terms of Use for any information regarding our disclosure principles.