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 Direction | Negative |
Relationship Strength | Very 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 Profit | 172.5M | 86.6M | 77.2M | Total Revenue | 745.5M | 799.8M | 411.3M |
New Gold fundamental ratios Correlations
Click cells to compare fundamentals
New Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Gold fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2B | 2.3B | 2.5B | 2.2B | 2.3B | 2.0B | |
Short Long Term Debt Total | 747.1M | 518.3M | 511.3M | 404.8M | 399.1M | 492.9M | |
Other Current Liab | 132.2M | 117.1M | 120.9M | 109.4M | 161.5M | 169.5M | |
Total Current Liabilities | 171.9M | 158.7M | 172.9M | 171.2M | 227.8M | 239.2M | |
Total Stockholder Equity | 961.3M | 789.3M | 955.9M | 959.5M | 785.2M | 1.1B | |
Property Plant And Equipment Net | 1.9B | 1.8B | 1.8B | 1.9B | 1.9B | 1.6B | |
Net Debt | 655M | 322.4M | 20.2M | 195.4M | 214.6M | 194.3M | |
Retained Earnings | (2.3B) | (2.4B) | (2.2B) | (2.3B) | (2.3B) | (2.2B) | |
Accounts Payable | 39.7M | 41.6M | 52M | 61.8M | 63.8M | 41.1M | |
Cash | 83.4M | 186.3M | 481.5M | 200.8M | 184.6M | 204.3M | |
Non Current Assets Total | 1.9B | 1.8B | 1.8B | 1.9B | 1.9B | 1.7B | |
Cash And Short Term Investments | 83.4M | 231.7M | 541M | 236.4M | 191.6M | 210.3M | |
Net Receivables | 28M | 82M | 30.1M | 15.9M | 16.7M | 27.9M | |
Common Stock Shares Outstanding | 611.1M | 676.3M | 682.4M | 681.9M | 684M | 718.2M | |
Liabilities And Stockholders Equity | 2.2B | 2.3B | 2.5B | 2.2B | 2.3B | 2.0B | |
Non Current Liabilities Total | 1.0B | 1.3B | 1.3B | 1.1B | 1.3B | 768.7M | |
Other Stockholder Equity | 105.7M | 106.7M | 107.5M | 107.8M | 106.4M | 101.0M | |
Total Liab | 1.2B | 1.5B | 1.5B | 1.3B | 1.5B | 876.8M | |
Total Current Assets | 228.7M | 418.8M | 686.3M | 377.5M | 350.0M | 330.9M | |
Short Term Debt | 8.7M | 9.6M | 9.6M | 8.6M | 2.6M | 2.5M | |
Other Assets | 1.3M | 3M | 2.6M | 2.1M | 1.0 | 0.95 | |
Accumulated Other Comprehensive Income | (13.6M) | (116.8M) | (93M) | (24.6M) | (135.2M) | (128.4M) | |
Other Liab | 286.9M | 793.4M | 846.3M | 716.6M | 824.1M | 865.3M | |
Net Tangible Assets | 961.3M | 789.3M | 955.9M | 959.5M | 1.1B | 1.1B | |
Long Term Debt | 714.5M | 489.2M | 491M | 394.9M | 396M | 453.9M | |
Common Stock Total Equity | 3.0B | 3.0B | 3.1B | 3.2B | 3.6B | 3.8B | |
Inventory | 110M | 93.3M | 101M | 115.7M | 126.1M | 99.6M | |
Other Current Assets | 7.1M | 12.7M | 14.8M | 11.3M | 15.6M | 16.4M | |
Common Stock | 3.1B | 3.2B | 3.2B | 3.2B | 3.1B | 2.1B | |
Property Plant Equipment | 1.9B | 1.8B | 1.8B | 1.9B | 2.1B | 1.8B | |
Non Currrent Assets Other | 1.8M | 3M | 2.6M | 2.1M | 2.1M | 2.0M | |
Long Term Debt Total | 738.4M | 508.7M | 501.7M | 396.2M | 356.6M | 552.2M | |
Capital Surpluse | 105.7M | 106.7M | 107.5M | 107.8M | 124.0M | 115.7M | |
Non Current Liabilities Other | 1M | 9M | 3.7M | 4.8M | 3.4M | 4.7M |
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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.