Nouveau Monde Graphite Inc. (NMG) Key Metrics
NMG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Canadian dollarsNMG returns How much profit the business earns on the capital it uses.
NMG financial health Debt, liquidity and how easily interest is covered.
NMG efficiency & capital use Working capital cycle and where the cash goes.
NMG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NMG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NMG key metrics in Canadian dollars
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −90.0% | −0.1% | −88.3% | −53.6% | −78.6% | — | −43.1% | −37.4% | −36.4% | −31.9% |
| Return on invested capital (ROIC) | −101.2% | −0.1% | −58.3% | −71.7% | 113.5% | 59.8% | −34.1% | −25.4% | −34.3% | −33.9% |
| Return on assets (ROA) | −55.5% | −0.0% | −40.9% | −34.5% | −55.8% | −51.6% | −29.0% | −26.9% | −32.4% | −29.8% |
| Return on tangible assets | −60.3% | −0.0% | −45.2% | −31.8% | −31.7% | −113.2% | −25.5% | −22.7% | −22.7% | −22.2% |
| Financial health | ||||||||||
| Total debt | C$19.4M | C$19.0M | C$57.5M | C$61.3M | C$4.5M | C$13.6M | C$5.1M | C$3.3M | — | — |
| Cash & short-term investments | C$74.5M | C$106.3M | C$36.3M | C$59.9M | C$62.4M | C$3.7M | C$4.1M | C$3.8M | C$10.2M | C$2.5M |
| Net debt | −C$55.1M | −C$87.3M | C$21.1M | C$1.4M | −C$57.9M | C$10.0M | C$1.0M | −C$506,065 | −C$10.2M | −C$2.5M |
| Debt / equity | 0.24 | 0.12 | 1.06 | 0.85 | 0.04 | — | 0.14 | 0.14 | — | — |
| Debt / assets | 0.11 | 0.09 | 0.46 | 0.41 | 0.04 | 0.82 | 0.10 | 0.09 | — | — |
| Net debt / EBITDA | — | −9.68 | — | — | — | — | — | — | — | — |
| Current ratio | 0.87 | 2.43 | 3.58 | 4.59 | 4.72 | 0.98 | 0.97 | 0.96 | 7.81 | 4.68 |
| Quick ratio | 0.87 | 2.43 | 3.57 | 4.55 | 4.72 | 0.96 | 0.96 | 0.96 | 7.81 | 4.68 |
| Interest coverage | -36.8 | -161.3 | -4.9 | -31.9 | 16.7 | 13.5 | -50.0 | -705.5 | -960.7 | -315.9 |
| Working capital | −C$11.9M | C$67.0M | C$30.9M | C$57.8M | C$58.4M | −C$134,223 | −C$258,490 | −C$295,040 | C$10.9M | C$2.6M |
| Invested capital | C$24.7M | C$66.3M | C$75.6M | C$73.7M | C$47.8M | C$5.8M | C$38.4M | C$23.1M | C$9.3M | C$5.7M |
| Tangible asset value | C$79.8M | C$153.7M | C$54.4M | C$72.1M | C$105.2M | −C$4.9M | C$35.8M | C$21.5M | C$19.4M | C$8.2M |
| Net current asset value | −C$15.1M | C$63.6M | −C$26.6M | −C$3.8M | C$53.5M | −C$12.6M | −C$6.1M | −C$7.6M | C$9.8M | C$2.6M |
| Capital allocation | ||||||||||
| Share buybacks (net) | — | — | — | — | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Capex / operating cash flow | — | — | — | — | — | — | — | 1,891.8% | — | — |
| Capex / depreciation | 1.86 | 1.55 | 1.24 | 5.85 | 33.78 | 1.06 | 21.30 | 36.39 | 199.92 | 114.78 |
| Efficiency | ||||||||||
| Days of inventory on hand | — | — | 12.9 | 43.6 | — | 18.4 | 69.3 | — | — | — |
| Days payables outstanding | 471.9 | 85,313.3 | 360.9 | 917.4 | 2,052.7 | 534.0 | 2,339.0 | 2,734.7 | 17,394.3 | 7,468.0 |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payables turnover | 0.77 | 0.00 | 1.01 | 0.40 | 0.18 | 0.68 | 0.16 | 0.13 | 0.02 | 0.05 |
| Inventory turnover | — | — | 28.20 | 8.36 | — | 19.86 | 5.27 | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | C$3.2M | C$2.2M | C$5.8M | C$9.7M | C$6.7M | C$4.7M | C$3.8M | C$2.4M | C$1.5M | C$805,174 |
| Average payables | C$9.5M | C$8.9M | C$9.9M | C$13.1M | C$8.8M | C$4.6M | C$5.3M | C$3.7M | C$1.1M | C$374,568 |
| Average inventory | — | — | C$354,000 | C$621,000 | — | C$158,198 | C$158,395 | — | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 4.3% | 2.9% | 5.6% | 0.1% | 0.0% |
Computed from NMG's annual financial statements (latest annual report filed March 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
NMG valuation and financial ratios
Nouveau Monde Graphite earned a return on equity of −90.0% and a return on invested capital of −101.2% in fiscal 2025. It ended the year with C$19.4 million of debt and C$74.5 million in cash and short-term investments, a net cash position of C$55.1 million.
See the NMG income statement, the NMG chart for price history, or the NMG stock overview for the latest quote and news.
NMG key metrics FAQ
What is Nouveau Monde Graphite's return on equity?
Nouveau Monde Graphite's return on equity (ROE) was −90.0% in fiscal 2025: net income of -C$105.1 million on average shareholders' equity of C$116.7 million.
What is Nouveau Monde Graphite's ROIC?
Nouveau Monde Graphite's return on invested capital was −101.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nouveau Monde Graphite have?
Nouveau Monde Graphite had total debt of C$19.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and more cash than debt.
What is Nouveau Monde Graphite's current ratio?
Nouveau Monde Graphite's current ratio was 0.87 at the end of fiscal 2025: current assets were 0.87 times current liabilities.