In the wake of the increase in Current Liabilities in the fourth quarter 2024, Quick Ratio fell to 0.18 below New Gold Inc average.

Within Metal Mining industry 79 other companies have achieved higher Quick Ratio than New Gold Inc in fourth quarter 2024. While Quick Ratio total ranking in the fourth quarter 2024 has deteriorated compared to the prior quarter from 2529 to 3250.

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NGD Quick Ratio	(Dec 31 2024) Q4	0 Q3	0 Q2	0 Q1	(Dec 31 2023) Q4
Y / Y Current Liabilities Change	-5.02 %	0.38 %	0.38 %	0.38 %	10.4 %
Y / Y Cash & cash equivalent Change	-43.44 %	-43.44 %	-43.44 %	-43.44 %	-7.37 %
Quick Ratio MRQ	0.18	0.26	0.26	0.26	0.3
NGD's Total Ranking	# 3250	# 2529	#	#	#
Seq. Current Liabilities Change	49.33 %	0 %	0 %	-36.4 %	57.83 %
Seq. Cash & cash equivalent Change	0 %	0 %	0 %	-43.44 %	0 %

Quick Ratio fourth quarter 2024 Company Ranking
Within:	No.
Metal Mining Industry	# 80
Basic Materials Sector	# 219
Overall Market	# 3250

Quick Ratio Statistics
High	Average	Low
0.47	0.29	0.14
(Dec 31 2023)		(Dec 31 2018)

Financial Statements
New Gold Inc 's Current Liabilities	$ 594 Millions	Visit NGD's Balance sheet
New Gold Inc 's Cash & cash equivalent	$ 105 Millions	Visit NGD's Balance sheet
Source of NGD's Sales		Visit NGD's Sales by Geography

Cumulative New Gold Inc 's Quick Ratio

NGD's Quick Ratio for the trailling 12 Months

NGD Quick Ratio	(Dec 31 2024) 12 Months	0 12 Months	0 12 Months	0 12 Months	(Dec 31 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-1.48 %	3.61 %	-10.19 %	-20.2 %	-34.41 %
Y / Y Cash & cash equivalent TTM Growth	-43.44 %	-33.9 %	-44.92 %	-37.53 %	-22.79 %
Quick Ratio TTM	0.24	0.28	0.32	0.37	0.41
Total Ranking TTM	# 4132	# 3999	#	#	#
Seq. Current Liabilities TTM Growth	-1.73 %	0.08 %	0.08 %	0.08 %	3.36 %
Seq. Cash & cash equivalent TTM Growth	-16.11 %	-13.87 %	-12.18 %	-10.86 %	-1.95 %

Quick ratio ranking by company, industry and sector >> Back to NGD Financial Strength Comparisons >> Go to Compare NGD Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in NGD's Current Liabilities to $593.60 millions, cumulative Quick Ratio to 0.24 below the NGD average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Metal Mining industry 97 other companies have achieved higher Quick Ratio than New Gold Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2024 from 3999 to 4132.

Explain Quick Ratio?
How much Cash & cash equivalents NGD�s has?
What are NGD�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Metal Mining Industry	# 98
Basic Materials Sector	# 335
Within the Market	# 4132

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.47	0.26	0.14
(Dec 31 2023)		(Dec 31 2018)

Companies with similar Quick Ratio in the quarter ending Dec 31 2024, within Metal Mining Industry	Quick Ratio	Dec 31 2024 MRQ Cash & cash equivalent	Dec 31 2024 MRQ Current Liabilities
Newmont Corporation	0.48	$ 3,640.000 Millions	$ 7,543.000 Millions
Lifezone Metals Limited	0.48	$ 29.284 Millions	$ 60.812 Millions
Mac Copper Ltd	0.48	$ 171.897 Millions	$ 358.282 Millions
Osisko Development Corp	0.46	$ 63.615 Millions	$ 138.861 Millions
B2gold Corp	0.46	$ 336.971 Millions	$ 737.039 Millions
Northern Minerals and Exploration Ltd	0.44	$ 0.053 Millions	$ 0.121 Millions
Northern Dynasty Minerals Ltd	0.41	$ 12.365 Millions	$ 30.192 Millions
Rio Tinto Plc	0.40	$ 8,600.000 Millions	$ 21,318.000 Millions
Sigma Lithium Corporation	0.39	$ 45.918 Millions	$ 119.100 Millions
Westwater Resources inc	0.37	$ 4.272 Millions	$ 11.622 Millions
Nexa Resources S a	0.36	$ 628.112 Millions	$ 1,725.231 Millions
Vale s a	0.35	$ 6,053.000 Millions	$ 17,324.000 Millions
Mineralrite Corporation	0.34	$ 0.011 Millions	$ 0.031 Millions
Gold Fields Limited	0.33	$ 866.300 Millions	$ 2,619.200 Millions
Mcewen Inc	0.32	$ 15.309 Millions	$ 47.693 Millions
Gold Royalty Corp	0.29	$ 2.267 Millions	$ 7.718 Millions
Spring Valley Acquisition Corp Ii	0.29	$ 0.495 Millions	$ 1.709 Millions
Sandstorm Gold Ltd	0.27	$ 4.395 Millions	$ 16.227 Millions
Contango Silver and Gold Inc	0.26	$ 20.058 Millions	$ 75.755 Millions
Ferroglobe Plc	0.23	$ 140.665 Millions	$ 606.865 Millions
Landbay Inc	0.23	$ 0.018 Millions	$ 0.080 Millions
Taseko Mines Limited	0.23	$ 132.313 Millions	$ 585.496 Millions
Coeur Mining Inc	0.19	$ 63.599 Millions	$ 330.820 Millions
Americas Gold And Silver Corporation	0.19	$ 20.002 Millions	$ 106.743 Millions
Bunker Hill Mining Corp	0.18	$ 3.786 Millions	$ 21.342 Millions
New Gold Inc	0.18	$ 105.200 Millions	$ 593.600 Millions
Red Metal Resources Ltd	0.18	$ 0.265 Millions	$ 1.502 Millions
China Natural Resources Inc	0.18	$ 0.422 Millions	$ 2.411 Millions
Niocorp Developments Ltd	0.17	$ 2.047 Millions	$ 11.868 Millions
Harmony Gold Mining Company Limited	0.17	$ 4.745 Millions	$ 28.691 Millions

Date modified: 2026-09-02T17:01:12+00:00

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