New Gold Financials
New Gold (NGD) reported $924.5M in revenue for fiscal year 2024, up 17.5% from the prior fiscal year. This page shows its 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).
New Gold’s core mechanic is steady cash generation from a capital-heavy asset base, even when earnings swing.
Over the past three years, operating cash flow stayed positive even when net income was negative, while depreciation remained above$190M ; that pairing says earnings are being pulled around by non-cash asset charges more than by weak cash collection. In FY2024, that cash funded$263.4M of investing outflow and helped cut liabilities by about$545M , so the lower cash balance looks like reinvestment plus balance-sheet repair, not a collapse in operating cash generation.
Short-term cushion narrowed as the current ratio stepped down to 1.4x and cash fell to
FY2024’s return to profit came with balance-sheet strengthening as equity rose to
Financial Health Signals
New Gold does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
New Gold passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Cash & Balance Sheet
New Gold held $105.2M in cash against $2.0M in long-term debt as of fiscal year 2024, with $196.6M of liabilities due within a year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
None of these metrics is reported for fiscal year 2024.
NGD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
NGD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Goodwill.
NGD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
NGD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 | Q4'17 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.39-0.1x | 1.54-0.7x | 2.21-1.8x | 3.97+1.3x | 2.64+1.3x | 1.33-0.9x | 2.22-0.3x | 2.51 |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.020.0x | 0.020.0x | 0.01-0.8x | 0.83 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
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Where New Gold Ranks
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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.