New Gold Inc.

Toronto Stock Exchange NGD.TO

New Gold Inc. Interest Coverage Ratio for the year ending December 31, 2023: -7.46

New Gold Inc. Interest Coverage Ratio is -7.46 for the year ending December 31, 2023, a -621.40% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

New Gold Inc. Interest Coverage Ratio for the year ending December 31, 2022 was -1.03, a -123.20% change year over year.
New Gold Inc. Interest Coverage Ratio for the year ending December 31, 2021 was 4.46, a 916.63% change year over year.
New Gold Inc. Interest Coverage Ratio for the year ending December 31, 2020 was -0.55, a -75.70% change year over year.
New Gold Inc. Interest Coverage Ratio for the year ending December 31, 2019 was -0.31, a 98.13% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Toronto Stock Exchange: NGD.TO

New Gold Inc.

CEO	Mr. Patrick Godin Asc., B.Sc., Eng., M.Eng., P.Eng.
IPO Date	Aug. 8, 1996
Location	Canada
Headquarters	Brookfield Place
Employees	1,337
Sector	Materials
Industries Mining Coal Copper Diamonds Drilling Gold Lithium Oil Sands

Description

New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.

Key trends

Past 5 years