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New Gold (TSE:NGD)
TSX:NGD
Canadian Market
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New Gold (NGD) Ratios

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New Gold Ratios

TSE:NGD's free cash flow for Q3 2025 was $0.52. For the 2025 fiscal year, TSE:NGD's free cash flow was decreased by $ and operating cash flow was $0.41. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.88 1.54 2.21 3.97 2.64
Quick Ratio
0.48 0.98 1.53 3.39 2.05
Cash Ratio
0.36 0.81 1.17 2.78 1.17
Solvency Ratio
0.44 0.11 0.10 0.22 0.08
Operating Cash Flow Ratio
1.93 1.26 1.11 1.87 1.86
Short-Term Operating Cash Flow Coverage
390.60 0.00 0.00 0.00 0.00
Net Current Asset Value
$ -825.29M$ -1.15B$ -906.50M$ -834.60M$ -1.04B
Leverage Ratios
Debt-to-Assets Ratio
0.17 0.18 0.18 0.20 0.23
Debt-to-Equity Ratio
0.32 0.51 0.41 0.52 0.64
Debt-to-Capital Ratio
0.24 0.34 0.29 0.34 0.39
Long-Term Debt-to-Capital Ratio
0.24 0.33 0.29 0.34 0.38
Financial Leverage Ratio
1.91 2.90 2.34 2.59 2.85
Debt Service Coverage Ratio
12.59 25.37 9.89 10.71 3.31
Interest Coverage Ratio
10.45 8.83 -1.03 4.85 1.65
Debt to Market Cap
0.07 0.40 0.60 0.48 0.34
Interest Debt Per Share
0.55 0.60 0.62 0.78 0.84
Net Debt to EBITDA
0.46 1.18 1.10 0.06 1.92
Profitability Margins
Gross Profit Margin
40.40%42.73%12.92%23.14%17.16%
EBIT Margin
27.33%-6.64%-7.16%25.30%-4.18%
EBITDA Margin
47.93%23.25%29.37%43.31%26.06%
Operating Profit Margin
35.16%7.86%-3.04%18.42%12.65%
Pretax Profit Margin
23.92%-7.53%-10.82%21.50%-11.66%
Net Profit Margin
20.10%-8.20%-11.05%18.86%-12.33%
Continuous Operations Profit Margin
20.10%-8.20%-11.05%18.86%-12.33%
Net Income Per EBT
84.04%108.95%102.14%87.71%105.73%
EBT Per EBIT
68.03%-95.79%355.43%116.75%-92.14%
Return on Assets (ROA)
10.47%-2.82%-2.98%5.68%-3.52%
Return on Equity (ROE)
22.38%-8.17%-6.96%14.71%-10.05%
Return on Capital Employed (ROCE)
21.43%3.00%-0.89%5.96%3.89%
Return on Invested Capital (ROIC)
18.00%3.27%-0.91%5.23%4.12%
Return on Tangible Assets
10.47%-2.82%-2.98%5.68%-3.52%
Earnings Yield
4.26%-6.51%-10.19%13.82%-5.46%
Efficiency Ratios
Receivables Turnover
39.42 77.11 137.36 24.77 7.85
Payables Turnover
16.75 7.03 8.52 11.02 12.81
Inventory Turnover
5.32 3.55 4.55 5.67 5.71
Fixed Asset Turnover
0.62 0.41 0.32 0.42 0.35
Asset Turnover
0.52 0.34 0.27 0.30 0.29
Working Capital Turnover Ratio
-27.10 4.78 1.68 1.93 4.06
Cash Conversion Cycle
56.12 55.46 40.04 45.95 81.92
Days of Sales Outstanding
9.26 4.73 2.66 14.74 46.52
Days of Inventory Outstanding
68.65 102.68 80.24 64.34 63.89
Days of Payables Outstanding
21.79 51.95 42.86 33.12 28.49
Operating Cycle
77.91 107.41 82.90 79.07 110.41
Cash Flow Ratios
Operating Cash Flow Per Share
0.84 0.42 0.29 0.48 0.45
Free Cash Flow Per Share
0.07 0.03 -0.15 0.11 0.02
CapEx Per Share
0.77 0.39 0.44 0.36 0.43
Free Cash Flow to Operating Cash Flow
0.08 0.08 -0.54 0.24 0.04
Dividend Paid and CapEx Coverage Ratio
1.09 1.08 0.65 1.31 1.04
Capital Expenditure Coverage Ratio
1.09 1.08 0.65 1.31 1.04
Operating Cash Flow Coverage Ratio
1.67 0.72 0.48 0.65 0.58
Operating Cash Flow to Sales Ratio
0.54 0.37 0.32 0.43 0.46
Free Cash Flow Yield
0.94%2.19%-15.59%7.51%0.73%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
23.49 -15.35 -9.81 7.24 -18.31
Price-to-Sales (P/S) Ratio
4.72 1.26 1.08 1.36 2.26
Price-to-Book (P/B) Ratio
4.70 1.25 0.68 1.06 1.84
Price-to-Free Cash Flow (P/FCF) Ratio
106.89 45.63 -6.41 13.32 136.99
Price-to-Operating Cash Flow Ratio
8.77 3.44 3.44 3.14 4.93
Price-to-Earnings Growth (PEG) Ratio
0.30 2.69 0.07 -0.03 0.00
Price-to-Fair Value
4.70 1.25 0.68 1.06 1.84
Enterprise Value Multiple
10.31 6.59 4.79 3.21 10.58
Enterprise Value
6.09B 1.21B 850.80M 1.04B 1.77B
EV to EBITDA
10.31 6.59 4.79 3.21 10.58
EV to Sales
4.94 1.53 1.41 1.39 2.76
EV to Free Cash Flow
111.92 55.57 -8.32 13.58 167.41
EV to Operating Cash Flow
9.18 4.19 4.46 3.21 6.02
Tangible Book Value Per Share
1.56 1.15 1.44 1.40 1.19
Shareholders’ Equity Per Share
1.56 1.15 1.44 1.40 1.19
Tax and Other Ratios
Effective Tax Rate
0.16 -0.09 -0.02 0.12 -0.06
Revenue Per Share
1.56 1.15 0.90 1.10 0.97
Net Income Per Share
0.31 -0.09 -0.10 0.21 -0.12
Tax Burden
0.84 1.09 1.02 0.88 1.06
Interest Burden
0.88 1.13 1.51 0.85 2.79
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.03 0.04 0.04 0.03 0.04
Stock-Based Compensation to Revenue
<0.01 0.01 <0.01 <0.01 <0.01
Income Quality
2.67 -4.46 -2.85 2.30 -3.72
Currency in USD
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