NovaGold Historical Income Statement

NG Stock  USD 3.00  0.24  8.70%   
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.
 
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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.
  
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.

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).

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

0.09-0.050.07-0.15-0.77-0.140.070.56-0.06-0.010.070.070.210.06-0.060.35-0.180.060.05-0.07
0.09-0.470.79-0.77-0.55-0.760.810.17-0.310.130.430.41-0.20.79-0.260.29-0.130.48-0.38-0.39
-0.05-0.47-0.80.710.540.79-0.74-0.770.88-0.89-0.99-0.98-0.29-0.74-0.57-0.420.030.23-0.13-0.1
0.070.79-0.8-0.92-0.65-0.940.990.45-0.640.480.740.710.130.970.050.2-0.10.04-0.13-0.22
-0.15-0.770.71-0.920.730.99-0.94-0.350.49-0.31-0.63-0.63-0.08-0.950.17-0.270.17-0.010.160.01
-0.77-0.550.54-0.650.730.74-0.65-0.670.42-0.27-0.51-0.51-0.25-0.650.07-0.440.24-0.030.080.07
-0.14-0.760.79-0.940.990.74-0.94-0.450.58-0.43-0.72-0.73-0.17-0.950.05-0.310.180.020.180.03
0.070.81-0.740.99-0.94-0.65-0.940.37-0.560.390.670.640.110.99-0.060.15-0.10.05-0.15-0.19
0.560.17-0.770.45-0.35-0.67-0.450.37-0.750.820.80.80.430.360.690.55-0.07-0.250.240.08
-0.06-0.310.88-0.640.490.420.58-0.56-0.75-0.85-0.91-0.82-0.09-0.55-0.66-0.190.210.070.080.0
-0.010.13-0.890.48-0.31-0.27-0.430.390.82-0.850.920.910.350.390.880.420.07-0.350.320.17
0.070.43-0.990.74-0.63-0.51-0.720.670.8-0.910.920.970.20.670.640.43-0.04-0.180.130.09
0.070.41-0.980.71-0.63-0.51-0.730.640.8-0.820.910.970.370.640.630.55-0.04-0.290.160.13
0.21-0.2-0.290.13-0.08-0.25-0.170.110.43-0.090.350.20.370.120.30.280.1-0.690.380.27
0.060.79-0.740.97-0.95-0.65-0.950.990.36-0.550.390.670.640.12-0.080.14-0.09-0.01-0.1-0.05
-0.06-0.26-0.570.050.170.070.05-0.060.69-0.660.880.640.630.3-0.080.310.12-0.350.380.13
0.350.29-0.420.2-0.27-0.44-0.310.150.55-0.190.420.430.550.280.140.31-0.13-0.140.220.04
-0.18-0.130.03-0.10.170.240.18-0.1-0.070.210.07-0.04-0.040.1-0.090.12-0.13-0.030.580.15
0.060.480.230.04-0.01-0.030.020.05-0.250.07-0.35-0.18-0.29-0.69-0.01-0.35-0.14-0.03-0.54-0.65
0.05-0.38-0.13-0.130.160.080.18-0.150.240.080.320.130.160.38-0.10.380.220.58-0.540.47
-0.07-0.39-0.1-0.220.010.070.03-0.190.080.00.170.090.130.27-0.050.130.040.15-0.650.47
Click cells to compare fundamentals

NovaGold Resources Account Relationship Matchups

NovaGold Resources income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization5.1M3.2M2.4M10.0K9.0K9.4K
Interest Expense6.0M5.9M8.0M13.1M15.0M11.7M
Gross Profit(22K)(15K)(7K)(10K)(9K)(9.5K)
Other Operating Expenses18.7M20.2M19.3M21.8M25.1M29.8M
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 Expenses18.7M20.2M19.3M21.8M25.1M26.3M
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 Revenue22K15K7K10K9K8.6K
Selling General Administrative18.7M20.2M20.1M21.8M25.1M20.6M
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 Other4.4M1.6M(198K)2.0M1.8M1.9M
Tax Provision(781K)137K(33K)39K35.1K33.3K
Interest Income1.7M458K5.6M5.8M6.7M7.0M
Net Interest Income(4.3M)(5.5M)(6.4M)(7.3M)(6.5M)(6.9M)

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When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports:
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.
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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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
(0.09)
Return On Equity
(4.32)
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.