New Net Tangible Assets vs Capital Stock Analysis

NGD Stock  USD 2.75  0.10  3.51%   
New Gold financial indicator trend analysis is infinitely more than just investigating New Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Gold is a good investment. Please check the relationship between New Gold Net Tangible Assets and its Capital Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For information on how to trade New Stock refer to our How to Trade New Stock guide.

Net Tangible Assets vs Capital Stock

Net Tangible Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Gold Net Tangible Assets account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New Gold's Net Tangible Assets and Capital Stock is -0.43. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of New Gold, assuming nothing else is changed. The correlation between historical values of New Gold's Net Tangible Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of New Gold are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Tangible Assets i.e., New Gold's Net Tangible Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from New Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For information on how to trade New Stock refer to our How to Trade New Stock guide.At present, New Gold's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 4.23, whereas Selling General Administrative is forecasted to decline to about 22.9 M.
 2021 2023 2024 (projected)
Gross Profit172.5M86.6M77.2M
Total Revenue745.5M799.8M411.3M

New Gold fundamental ratios Correlations

0.79-0.010.280.950.990.410.390.450.680.990.640.570.250.830.110.820.80.740.090.830.030.920.810.410.88
0.79-0.220.110.660.790.810.090.540.360.810.320.510.330.84-0.340.810.540.38-0.130.730.030.581.00.440.87
-0.01-0.220.77-0.040.03-0.32-0.35-0.470.11-0.020.13-0.30.48-0.040.440.040.02-0.060.2-0.350.410.04-0.240.5-0.17
0.280.110.770.160.31-0.04-0.450.180.190.280.20.010.760.330.330.410.21-0.070.15-0.090.680.220.10.810.2
0.950.66-0.040.160.930.270.610.320.690.940.630.510.020.60.270.590.760.85-0.030.82-0.190.990.680.210.79
0.990.790.030.310.930.470.350.440.591.00.550.540.280.820.150.820.730.720.030.810.030.920.810.440.89
0.410.81-0.32-0.040.270.47-0.110.49-0.240.49-0.280.320.210.58-0.390.55-0.040.06-0.410.510.020.190.810.290.6
0.390.09-0.35-0.450.610.35-0.11-0.040.370.390.30.18-0.76-0.070.29-0.110.310.74-0.270.62-0.640.620.12-0.620.18
0.450.54-0.470.180.320.440.49-0.040.10.470.090.450.270.57-0.170.560.270.01-0.10.450.290.290.530.310.57
0.680.360.110.190.690.59-0.240.370.10.580.990.360.150.480.080.480.960.580.440.43-0.040.670.370.210.49
0.990.81-0.020.280.941.00.490.390.470.580.530.550.240.820.120.810.720.730.00.850.030.920.820.40.88
0.640.320.130.20.630.55-0.280.30.090.990.530.340.20.480.070.480.960.520.530.370.020.610.330.240.45
0.570.51-0.30.010.510.540.320.180.450.360.550.340.140.54-0.050.510.520.530.210.570.10.470.520.210.45
0.250.330.480.760.020.280.21-0.760.270.150.240.20.140.55-0.120.590.27-0.260.4-0.170.720.020.30.970.36
0.830.84-0.040.330.60.820.58-0.070.570.480.820.480.540.55-0.270.990.670.350.260.650.380.560.840.610.83
0.11-0.340.440.330.270.15-0.390.29-0.170.080.120.07-0.05-0.12-0.27-0.20.020.330.02-0.09-0.150.38-0.33-0.03-0.1
0.820.810.040.410.590.820.55-0.110.560.480.810.480.510.590.99-0.20.660.340.270.620.420.560.810.650.81
0.80.540.020.210.760.73-0.040.310.270.960.720.960.520.270.670.020.660.620.450.550.030.740.550.340.66
0.740.38-0.06-0.070.850.720.060.740.010.580.730.520.53-0.260.350.330.340.620.010.76-0.350.860.41-0.080.52
0.09-0.130.20.15-0.030.03-0.41-0.27-0.10.440.00.530.210.40.260.020.270.450.01-0.150.45-0.04-0.140.25-0.07
0.830.73-0.35-0.090.820.810.510.620.450.430.850.370.57-0.170.65-0.090.620.550.76-0.15-0.110.770.75-0.010.71
0.030.030.410.68-0.190.030.02-0.640.29-0.040.030.020.10.720.38-0.150.420.03-0.350.45-0.11-0.190.00.64-0.02
0.920.580.040.220.990.920.190.620.290.670.920.610.470.020.560.380.560.740.86-0.040.77-0.190.60.220.75
0.811.0-0.240.10.680.810.810.120.530.370.820.330.520.30.84-0.330.810.550.41-0.140.750.00.60.420.88
0.410.440.50.810.210.440.29-0.620.310.210.40.240.210.970.61-0.030.650.34-0.080.25-0.010.640.220.420.5
0.880.87-0.170.20.790.890.60.180.570.490.880.450.450.360.83-0.10.810.660.52-0.070.71-0.020.750.880.5
Click cells to compare fundamentals

New Gold Account Relationship Matchups

New Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B2.3B2.5B2.2B2.3B2.0B
Short Long Term Debt Total747.1M518.3M511.3M404.8M399.1M492.9M
Other Current Liab132.2M117.1M120.9M109.4M161.5M169.5M
Total Current Liabilities171.9M158.7M172.9M171.2M227.8M239.2M
Total Stockholder Equity961.3M789.3M955.9M959.5M785.2M1.1B
Property Plant And Equipment Net1.9B1.8B1.8B1.9B1.9B1.6B
Net Debt655M322.4M20.2M195.4M214.6M194.3M
Retained Earnings(2.3B)(2.4B)(2.2B)(2.3B)(2.3B)(2.2B)
Accounts Payable39.7M41.6M52M61.8M63.8M41.1M
Cash83.4M186.3M481.5M200.8M184.6M204.3M
Non Current Assets Total1.9B1.8B1.8B1.9B1.9B1.7B
Cash And Short Term Investments83.4M231.7M541M236.4M191.6M210.3M
Net Receivables28M82M30.1M15.9M16.7M27.9M
Common Stock Shares Outstanding611.1M676.3M682.4M681.9M684M718.2M
Liabilities And Stockholders Equity2.2B2.3B2.5B2.2B2.3B2.0B
Non Current Liabilities Total1.0B1.3B1.3B1.1B1.3B768.7M
Other Stockholder Equity105.7M106.7M107.5M107.8M106.4M101.0M
Total Liab1.2B1.5B1.5B1.3B1.5B876.8M
Total Current Assets228.7M418.8M686.3M377.5M350.0M330.9M
Short Term Debt8.7M9.6M9.6M8.6M2.6M2.5M
Other Assets1.3M3M2.6M2.1M1.00.95
Accumulated Other Comprehensive Income(13.6M)(116.8M)(93M)(24.6M)(135.2M)(128.4M)
Other Liab286.9M793.4M846.3M716.6M824.1M865.3M
Net Tangible Assets961.3M789.3M955.9M959.5M1.1B1.1B
Long Term Debt714.5M489.2M491M394.9M396M453.9M
Common Stock Total Equity3.0B3.0B3.1B3.2B3.6B3.8B
Inventory110M93.3M101M115.7M126.1M99.6M
Other Current Assets7.1M12.7M14.8M11.3M15.6M16.4M
Common Stock3.1B3.2B3.2B3.2B3.1B2.1B
Property Plant Equipment1.9B1.8B1.8B1.9B2.1B1.8B
Non Currrent Assets Other1.8M3M2.6M2.1M2.1M2.0M
Long Term Debt Total738.4M508.7M501.7M396.2M356.6M552.2M
Capital Surpluse105.7M106.7M107.5M107.8M124.0M115.7M
Non Current Liabilities Other1M9M3.7M4.8M3.4M4.7M

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When determining whether New Gold is a strong investment it is important to analyze New Gold's 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 New Gold's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For information on how to trade New Stock refer to our How to Trade New Stock guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Metals & Mining space 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 New Gold. If investors know New 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 New Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.02
Revenue Per Share
1.187
Quarterly Revenue Growth
0.252
Return On Assets
0.0297
Return On Equity
0.0214
The market value of New Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold's 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 New Gold's market value can be influenced by many factors that don't directly affect New Gold's 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 New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold's 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.