NovaGold Historical Income Statement
| NG Stock | USD 2.81 0.29 9.35% |
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.
NovaGold |
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
NovaGold Resources Income Statement is one of the three primary financial statements used for reporting NovaGold's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NovaGold Resources revenue and expense. NovaGold Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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). Add Fundamental
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 tightly coupled 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
High Positive Relationship
High Negative Relationship
NovaGold Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.1M | 3.2M | 2.4M | 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 | (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) | |
| 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) |
NovaGold Resources Investors Sentiment
The influence of NovaGold Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NovaGold. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NovaGold Resources' public news can be used to forecast risks associated with an investment in NovaGold. The trend in average sentiment can be used to explain how an investor holding NovaGold can time the market purely based on public headlines and social activities around NovaGold Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NovaGold Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NovaGold Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NovaGold Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on NovaGold Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NovaGold Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NovaGold Resources' short interest history, or implied volatility extrapolated from NovaGold Resources options trading.
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Try AI Portfolio ArchitectCheck 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 tightly coupled 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.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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for NovaGold Stock analysis
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.