Is NovaGold Resources financially healthy?
Not really
NovaGold Resources earns only -3.9 times its interest bill, which leaves little room.
The numbers behind it
Net debt / EBITDANet cash
Cash vs. debt$110M vs. $167M
Current ratio88.7×Short-term assets for each $1 of bills due within a year
Interest coverage-3.9×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about NovaGold Resources
Data as of Nov 13, 2026.