New Gold Financials
This page shows New Gold (NGD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
New Gold's revenue surged 17.5% year-over-year to $924.5M, reflecting rapid business expansion. This strong growth earns a score of 63/100.
New Gold carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
New Gold's current ratio of 1.39 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
New Gold's ROE of 9.8% shows moderate profitability relative to equity, earning a score of 33/100. This is up from -8.2% the prior year.
New Gold passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, New Gold generates $3.83 in operating cash flow ($392.8M OCF vs $102.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
New Gold generated $924.5M in revenue in fiscal year 2024. This represents an increase of 17.5% from the prior year.
New Gold reported $102.6M in net income in fiscal year 2024. This represents an increase of 259.1% from the prior year.
Cash & Balance Sheet
New Gold held $105.2M in cash against $2.0M in long-term debt as of fiscal year 2024.
New Gold had 791M shares outstanding in fiscal year 2024. This represents an increase of 15.1% from the prior year.
Margins & Returns
New Gold's net profit margin was 11.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 19.3 percentage points from the prior year.
New Gold's ROE was 9.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 17.9 percentage points from the prior year.
Capital Allocation
NGD Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NGD Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B-12.3% | $2.3B+1.9% | $2.2B-9.4% | $2.5B+10.1% | $2.3B+4.2% | $2.2B-0.5% | $2.2B-46.0% | $4.0B |
| Current Assets | $274.1M-22.1% | $351.8M-6.8% | $377.5M-45.0% | $686.3M+63.9% | $418.8M+82.7% | $229.2M-21.1% | $290.4M-36.2% | $455.0M |
| Cash & Equivalents | $105.2M-43.3% | $185.5M-7.6% | $200.8M-58.3% | $481.5M+158.5% | $186.3M+123.4% | $83.4M-19.6% | $103.7M-52.0% | $216.2M |
| Inventory | $118.7M-6.3% | $126.7M+9.5% | $115.7M+14.6% | $101.0M+8.3% | $93.3M-15.2% | $110.0M-22.4% | $141.8M-26.6% | $193.2M |
| Accounts Receivable | $26.2M+60.7% | $16.3M+15.6% | $14.1M-46.6% | $26.4M-65.8% | $77.1M+225.3% | $23.7M-34.0% | $35.9M+32.5% | $27.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $951.5M-36.4% | $1.5B+16.6% | $1.3B-15.6% | $1.5B+4.1% | $1.5B+22.0% | $1.2B-2.3% | $1.2B-34.8% | $1.9B |
| Current Liabilities | $196.6M-14.1% | $229.0M+33.8% | $171.2M-1.0% | $172.9M+8.9% | $158.7M-7.7% | $171.9M+31.3% | $130.9M-27.8% | $181.2M |
| Long-Term Debt | $2.0M-23.1% | $2.6M+100.0% | $1.3M-87.9% | $10.7M-45.1% | $19.5M-18.4% | $23.9M+168.5% | $8.9M-99.5% | $1.8B |
| Total Equity | $1.1B+33.3% | $789.2M-17.7% | $959.5M+0.4% | $955.9M+21.1% | $789.3M-17.9% | $961.3M+1.8% | $944.5M-55.9% | $2.1B |
| Retained Earnings | -$2.4B-0.5% | -$2.3B-2.8% | -$2.3B-3.0% | -$2.2B+6.0% | -$2.4B-3.5% | -$2.3B-3.3% | -$2.2B-129.0% | -$961.3M |
NGD Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NGD Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.39-0.1 | 1.54-0.7 | 2.21-1.8 | 3.97+1.3 | 2.64+1.3 | 1.33-0.9 | 2.22-0.3 | 2.51 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.01-0.0 | 0.020.0 | 0.02+0.0 | 0.01-0.8 | 0.83 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is New Gold's annual revenue?
New Gold (NGD) reported $924.5M in total revenue for fiscal year 2024. This represents a 17.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is New Gold's revenue growing?
New Gold (NGD) revenue grew by 17.5% year-over-year, from $786.5M to $924.5M in fiscal year 2024.
Is New Gold profitable?
Yes, New Gold (NGD) reported a net income of $102.6M in fiscal year 2024, with a net profit margin of 11.1%.
How much debt does New Gold have?
As of fiscal year 2024, New Gold (NGD) had $105.2M in cash and equivalents against $2.0M in long-term debt.
What is New Gold's net profit margin?
New Gold (NGD) had a net profit margin of 11.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is New Gold's return on equity (ROE)?
New Gold (NGD) has a return on equity of 9.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is New Gold's operating cash flow?
New Gold (NGD) generated $392.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are New Gold's total assets?
New Gold (NGD) had $2.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What is New Gold's current ratio?
New Gold (NGD) had a current ratio of 1.39 as of fiscal year 2024, which is considered adequate.
What is New Gold's debt-to-equity ratio?
New Gold (NGD) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is New Gold's return on assets (ROA)?
New Gold (NGD) had a return on assets of 5.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is New Gold's Piotroski F-Score?
New Gold (NGD) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are New Gold's earnings high quality?
New Gold (NGD) has an earnings quality ratio of 3.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is New Gold?
New Gold (NGD) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.