New Found Gold Corp. key statistics and ratios

In fiscal 2025, New Found Gold Corp. had return on equity of -11.1%, an operating margin of -1102.0%, debt equal to 0.1% of equity and a current ratio of 3.89. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

New Found Gold Corp.: financial ratios, annual
Fiscal year	2025Dec 2025
Gross margin	2.0%
Operating margin	<−999%
Net margin	−819.2%
Free-cash-flow margin	−980.3%
Return on equity	−11.1%
Return on assets	−8.7%
Asset turnover	0.01
Current ratio	3.89
Debt to equity	0.1%
Capital spending as % of revenue	30.6%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 6 checks passed · December 31, 2025

What it owns · $391m

Short-term assets $61mLonger-term assets $330m

What it owes, and who funded it · $391m

Short-term liabilities $16mLonger-term liabilities $70mShareholders' equity $306m

Short-term assets cover short-term liabilities $61m of assets due within a year against $16m of liabilities due within a year.
Short-term assets cover long-term liabilities $61m short-term assets against $70m of longer-dated liabilities.
More cash than debt $43m of cash against $440,267 of debt.
Debt below 40% of shareholders' equity Debt is 0% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$39m of operating cash flow against $440,267 of debt.
Operating profit covers interest at least five times over No material interest expense reported.

From New Found Gold Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: IDR vs NFGC ITRG vs NFGC CMCL vs NFGC

More: Gold stocks compared, Materials sector, rankings of US companies

Figures from New Found Gold Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to New Found Gold Corp.