New Found Gold (NFGC) Balance Sheet: Assets & Liabilities

New Found Gold (NFGC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), New Found Gold reported total assets of CAD 536.13M and total liabilities of CAD 117.03M. Shareholders' equity was CAD 419.10M, up 529.6% from CAD 66.57M a year earlier. Total debt stood at CAD 603.69K against CAD 67.73M in cash and short-term investments, a net cash position of CAD 67.13M. That puts debt-to-equity at 0.00, compared with 0.00 a year earlier.

New Found Gold Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for New Found Gold Corp. (NFGC) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	58.84	22.32	53.88	82.17	100.48	47.73	47.73	7.34	0.32
Short-Term Investments	8.90	0.78	3.60	7.47	28.58	21.09	21.09	0.11	0.40
Cash & Short-Term Investments	67.73	23.10	57.48	89.64	129.06	68.82	68.82	7.45	0.72
Accounts Receivable	4.33	5.03	3.37	3.14	1.81	1.03	1.03	0.34	0.27
Inventory	8.82	0.00	0.00	1.47	2.18	1.26	-	0.00	0.00
Other Current Assets	3.35	1.63	1.52	0.08	0.11	0.05	0.76	0.01	0.34
Total Current Assets	84.23	29.75	62.38	94.33	136.52	71.16	71.16	8.23	1.06
Non-Current Assets
Property, Plant & Equipment (Net)	328.21	42.56	7.80	16.35	11.54	2.38	2.38	1.13	0.04
Long-Term Investments	0.00	1.53	5.32	0.00	0.00	0.00	-	0.00	0.00
Goodwill	121.07	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Other Non-Current Assets	2.62	0.18	9.09	0.00	8.53	0.00	-	0.00	0.68
Total Non-Current Assets	451.90	44.27	22.20	16.35	11.54	2.38	-	1.13	0.72
Total Assets	536.13	74.02	84.58	110.69	148.06	73.54	73.54	9.36	1.78
Current Liabilities
Accounts Payable	8.68	3.08	5.19	0.00	2.57	0.00	0.40	0.00	0.00
Short-Term Debt	0.10	0.11	0.09	0.08	0.05	0.05	-	0.00	0.00
Accrued Liabilities	3.65	1.76	0.02	0.28	0.03	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	10.13	0.00	0.19	0.00	0.00
Other Current Liabilities	8.68	2.43	13.73	20.06	10.13	0.58	-	0.39	0.83
Total Current Liabilities	21.67	7.38	19.01	27.14	12.76	0.64	0.64	0.39	0.83
Non-Current Liabilities
Long-Term Debt	0.50	0.07	0.07	0.07	0.05	0.00	-	0.00	0.00
Deferred Tax Liabilities	83.65	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Other Non-Current Liabilities	10.87	0.00	0.00	0.00	12.60	0.00	-	0.00	0.00
Total Non-Current Liabilities	95.36	0.07	0.07	0.07	12.65	0.00	-	0.00	0.00
Total Liabilities	117.03	7.45	19.08	27.21	25.40	0.64	0.64	0.39	0.83
Stockholders' Equity
Common Stock	703.26	341.35	290.24	229.63	181.80	87.67	87.67	10.74	2.85
Retained Earnings	-357.34	-309.76	-259.50	-179.61	-89.62	-38.98	-38.98	-6.44	-2.42
Accumulated Other Comprehensive Income	42.82	34.99	34.76	33.45	30.47	24.21	24.21	4.67	0.53
Shares Outstanding	342.33	200.46	186.87	175.38	164.21	-	-	-	-
Total Stockholders' Equity	419.10	66.57	65.50	83.47	122.65	72.90	72.90	8.96	0.96
Total Liabilities & Equity	536.13	74.02	84.58	110.69	148.06	73.54	-	9.36	1.78

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About New Found Gold Balance Sheet

How much debt does New Found Gold have?

New Found Gold had total debt of CAD 603.69K as of Dec 31, 2025, against CAD 67.73M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was CAD 176.89K a year earlier.

What are New Found Gold's total assets?

New Found Gold reported total assets of CAD 536.13M as of Dec 31, 2025, up 624.3% from CAD 74.02M a year earlier. Total liabilities were CAD 117.03M.

What is New Found Gold's shareholders' equity?

New Found Gold's shareholders' equity was CAD 419.10M as of Dec 31, 2025, or about CAD 1.22 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition