Novagold Resources (TSX:NG) FCF Yield % : -0.86 (As of May. 07, 2024)

Novagold Resources FCF Yield % Chart

Novagold Resources Annual Data
	Trend	Nov14	Nov15	Nov16	Nov17	Nov18	Nov19	Nov20	Nov21	Nov22	Nov23
FCF Yield %		Get a 7-Day Free Trial					-0.27	-0.30	-0.43	-0.64	-0.56

Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
FCF Yield %	Get a 7-Day Free Trial															-0.94	-0.04	-0.41	-0.53	-2.59

Competitive Comparison of Novagold Resources's FCF Yield %

For the Gold subindustry, Novagold Resources's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novagold Resources's FCF Yield % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novagold Resources's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Novagold Resources's FCF Yield % falls into.

Novagold Resources FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Novagold Resources's FCF Yield % for the fiscal year that ended in Nov. 2023 is calculated as

Novagold Resources's annualized FCF Yield % for the quarter that ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Novagold Resources FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Novagold Resources FCF Yield % Related Terms

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Novagold Resources (TSX:NG) Business Description