New Gold Inc.
NGD.TO
Price:
$4.28
Market Cap:
$2.49B
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.[Read more]
Industry
Gold
IPO Date
1996-08-08
Stock Exchange
TSX
Ticker
NGD.TO
The Current Ratio as of September 2024 (TTM) for New Gold Inc. (NGD.TO) is 1.50
According to New Gold Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.50. This represents a change of -3.02% compared to the average of 1.54 of the last 4 quarters.
New Gold Inc. (NGD.TO) Historical Current Ratio (quarterly & annually)
How has NGD.TO Current Ratio performed in the past?
The mean historical Current Ratio of New Gold Inc. over the last ten years is 2.93. The current 1.50 Current Ratio has changed 5.01% with respect to the historical average. Over the past ten years (40 quarters), NGD.TO's Current Ratio was at its highest in in the December 2014 quarter at 6.38. The Current Ratio was at its lowest in in the December 2019 quarter at 1.33.
Average
2.93
Median
2.42
Minimum
1.33
Maximum
6.38
New Gold Inc. (NGD.TO) Current Ratio by Quarter and Year
Discovering the peaks and valleys of New Gold Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 98.35%
Maximum Annual Current Ratio = 6.38
Minimum Annual Increase = -44.45%
Minimum Annual Current Ratio = 1.33
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 1.54 | -30.33% |
| 2022 | 2.21 | -44.45% |
| 2021 | 3.97 | 50.41% |
| 2020 | 2.64 | 98.35% |
| 2019 | 1.33 | -40.03% |
| 2018 | 2.22 | -11.65% |
| 2017 | 2.51 | 7.53% |
| 2016 | 2.34 | -44.03% |
| 2015 | 4.17 | -34.61% |
| 2014 | 6.38 | -12.52% |
New Gold Inc. (NGD.TO) Average Current Ratio
How has NGD.TO Current Ratio performed in the past?
The current Current Ratio of New Gold Inc. (NGD.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
2.57
5-year avg
2.34
10-year avg
2.93
New Gold Inc. (NGD.TO) Current Ratio vs. Peers
How is NGD.TO’s Current Ratio compared to its peers?
New Gold Inc.’s Current Ratio is greater than IAMGOLD Corporation (0.91), less than Eldorado Gold Corporation (3.62), less than Alamos Gold Inc. (3.04), less than NovaGold Resources Inc. (29.28), less than Centerra Gold Inc. (3.79),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.91 | $4.23B | |
| 3.62 | $4.93B | |
| 3.04 | $11.76B | |
| 29.28 | $1.96B | |
| 3.79 | $1.99B |
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