New Net Working Capital from 2010 to 2026
| NGD Stock | CAD 13.68 -0.93 -6.37% |
Net Working Capital | First Reported 2020-03-31 | Previous Quarter -49.3 M | Current Value -41.6 M | Quarterly Volatility 172.5 M |
Macro event markers
Review New Gold financial statements over time to add context on performance and capital structure. Track Depreciation And Amortization of 299.6 M, Interest Expense of 16.5 M or Selling General Administrative of 46.6 M and ratios such as Price To Sales Ratio of 2.2, Dividend Yield of 0.0 or PTB Ratio of 1.94 to align performance context with New Gold Valuation and Volatility.
New | Net Working Capital |
Evaluating New Gold's Net Working Capital across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into New Gold's fundamental strength.
Latest New Gold's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of New Gold over the last few years. It is New Gold's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Gold's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
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Net Working Capital |
| Timeline |
New Net Working Capital Regression Statistics
| Arithmetic Mean | 218,988,971 | |
| Geometric Mean | 184,951,513 | |
| Coefficient Of Variation | 53.21 | |
| Mean Deviation | 91,060,035 | |
| Median | 273,800,000 | |
| Standard Deviation | 116,532,255 | |
| Sample Variance | 13579.8T | |
| Range | 456.6M | |
| R-Value | -0.51 | |
| Mean Square Error | 10693.6T | |
| R-Squared | 0.26 | |
| Significance | 0.04 | |
| Slope | -11,806,495 | |
| Total Sum of Squares | 217276.3T |
New Net Working Capital History
Stock Overview, Methodology & Data Sources
New Gold is scheduled to announce its earnings this week.New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. It also holds 100 percent interests in the Blackwater gold-silver project located in British Columbia, Canada and operates the Cerro San Pedro gold-silver mine in Mexico. NEW GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 1337 people. A high-level view of New Gold emphasizes earnings durability, balance-sheet flexibility, and competitive positioning. Current metrics include P/E of 24.85, P/B of 6.42, profit margin of 20.07%. New Gold has a market cap of 11.46 B, P/E of 24.85, ROE of 22.29%.
Methodology
Unless otherwise specified, financial data for New Gold is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. New (CA:NGD) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: Underlying inputs rely on public filings and market reference sources, including disclosures from U.S. Securities and Exchange Commission (SEC) via EDGAR. Values may reflect publication timing differences. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.
Analyst Sources
New Gold may have analyst coverage included in Macroaxis-derived consensus inputs when available. Updates may occur throughout the day.
This content is curated and reviewed by:
Raphi Shpitalnik - Junior Member of Macroaxis Editorial BoardPair Trading with New Gold
Pair trading with New Gold can help investors hedge some company-specific exposure by balancing a long view with an offsetting position. The key question is whether the second leg adds real hedge value instead of just creating a more complex version of the same risk.
Moving together with New Stock
| 0.94 | AG | First Majestic Silver | PairCorr |
| 0.86 | ORE | Orezone Gold Corp | PairCorr |
| 0.71 | FDY | Faraday Copper Corp | PairCorr |
Moving against New Stock
Correlation analysis helps investors find suitable substitutes for New Gold during tax-loss harvesting periods. Selling New Gold at a loss and immediately repurchasing it would violate IRS wash-sale rules, so a correlated replacement asset is required to maintain portfolio.
Measuring the statistical correlation of New Gold against other instruments helps investors understand portfolio diversification. A correlation near zero implies that New Gold provides genuine diversification benefits, while high positive correlations suggest redundant exposures.
Correlation analysis and pair trading evaluation for New Gold can be used to frame hedging context. The context can be applied within sectors, industries, or broader universes.More Resources for New Stock Analysis
A structured review of New Gold often starts with core financial statements and trend context. Financial ratios provide context for profitability, efficiency, and growth trends. Below are reports that help frame New Gold Stock in context:Review New Gold Correlation against competitors for New Gold. The view adds relative comparison context. For more information on how to buy New Stock please use our How to Buy New Stock guide.Analysis related to New Gold should be read together with other portfolio and risk tools before capital is reallocated. That is especially important when the goal is to improve the overall mix of instruments already held. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.