Novonix Debt Ratio from 2010 to 2024

NVX Stock

USD 2.69 0.76 39.38%

Novonix Debt Ratio yearly trend continues to be fairly stable with very little volatility. Debt Ratio will likely drop to 0.23 in 2024. During the period from 2010 to 2024, Novonix Debt Ratio regression line of annual values had r-squared of 0.16 and arithmetic mean of 0.26. View All Fundamentals

Debt Ratio

First Reported

2010-12-31

Previous Quarter

0.25769653

Current Value

0.23

Quarterly Volatility

0.15227813

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Check Novonix financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Novonix's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5 M, Interest Expense of 3 M or Selling General Administrative of 47.1 M, as well as many indicators such as Price To Sales Ratio of 28.8, Dividend Yield of 0.0167 or PTB Ratio of 2.05. Novonix financial statements analysis is a perfect complement when working with Novonix Valuation or Volatility modules.

Check out the analysis of Novonix Correlation against competitors.

Latest Novonix's Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of Novonix Ltd ADR over the last few years. It is Novonix's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Novonix's overall financial position and show how it may be relating to other accounts over time.

Debt Ratio

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Debt Ratio

Timeline

Novonix Debt Ratio Regression Statistics

	Arithmetic Mean	0.26
	Geometric Mean	0.21
	Coefficient Of Variation	58.67
	Mean Deviation	0.11
	Median	0.33
	Standard Deviation	0.15
	Sample Variance	0.02
	Range	0.6062
	R-Value	(0.40)
	Mean Square Error	0.02
	R-Squared	0.16
	Significance	0.14
	Slope	(0.01)
	Total Sum of Squares	0.32

Novonix Debt Ratio History

	2024	0.23
	2023	0.26
	2022	0.14
	2021	0.12
	2020	0.0608
	2019	0.11
	2018	0.64

Other Fundumenentals of Novonix Ltd ADR

Cash Flow To Debt Ratio

Novonix Debt Ratio component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Good Will	Short Term Debt	Intangible Assets	Net Tangible Assets	Long Term Debt	Net Invested Capital	Long Term Investments	Short Long Term Debt	Net Working Capital	Property Plant Equipment	Current Deferred Revenue	Capital Stock	Short Term Investments
Total Assets		0.99	-0.68	-0.87	0.89	0.86	0.81	0.96	0.94	0.27	-0.29	-0.17	0.51	0.41	0.37	0.11	-0.13	0.51	0.32	0.04	0.24	-0.33
Total Stockholder Equity	0.99		-0.74	-0.84	0.91	0.84	0.78	0.98	0.94	0.26	-0.31	-0.14	0.48	0.36	0.37	0.07	-0.15	0.54	0.29	0.05	0.24	-0.29
Net Debt	-0.68	-0.74		0.42	-0.69	-0.46	-0.28	-0.83	-0.58	-0.26	0.35	-0.13	-0.13	0.12	-0.25	0.36	0.19	-0.58	0.09	-0.14	-0.07	-0.09
Retained Earnings	-0.87	-0.84	0.42		-0.76	-0.99	-0.98	-0.77	-0.97	-0.29	0.35	0.31	-0.65	-0.58	-0.22	-0.08	0.06	-0.3	-0.42	-0.16	-0.12	0.72
Accounts Payable	0.89	0.91	-0.69	-0.76		0.75	0.68	0.86	0.85	0.22	-0.26	-0.02	0.39	0.33	0.39	0.22	0.03	0.58	0.22	-0.01	0.21	-0.2
Net Receivables	0.86	0.84	-0.46	-0.99	0.75		0.97	0.77	0.97	0.22	-0.35	-0.32	0.64	0.55	0.2	0.03	-0.1	0.3	0.4	0.15	0.13	-0.73
Total Liab	0.81	0.78	-0.28	-0.98	0.68	0.97		0.7	0.94	0.23	-0.23	-0.38	0.71	0.68	0.24	0.19	-0.06	0.27	0.53	0.05	0.16	-0.8
Total Current Assets	0.96	0.98	-0.83	-0.77	0.86	0.77	0.7		0.89	0.3	-0.31	-0.06	0.41	0.26	0.34	-0.05	-0.15	0.56	0.21	0.06	0.17	-0.23
Common Stock	0.94	0.94	-0.58	-0.97	0.85	0.97	0.94	0.89		0.27	-0.34	-0.29	0.63	0.54	0.32	0.09	-0.14	0.45	0.42	0.08	0.21	-0.6
Good Will	0.27	0.26	-0.26	-0.29	0.22	0.22	0.23	0.3	0.27		-0.49	-0.17	0.32	0.31	0.3	0.03	0.11	0.31	0.27	0.16	-0.12	-0.13
Short Term Debt	-0.29	-0.31	0.35	0.35	-0.26	-0.35	-0.23	-0.31	-0.34	-0.49		0.25	-0.11	0.02	0.09	0.26	0.21	-0.03	0.06	-0.27	-0.04	0.22
Intangible Assets	-0.17	-0.14	-0.13	0.31	-0.02	-0.32	-0.38	-0.06	-0.29	-0.17	0.25		-0.84	-0.79	-0.65	-0.45	0.68	-0.46	-0.86	0.34	-0.8	0.49
Net Tangible Assets	0.51	0.48	-0.13	-0.65	0.39	0.64	0.71	0.41	0.63	0.32	-0.11	-0.84		0.94	0.75	0.43	-0.48	0.65	0.94	-0.22	0.63	-0.65
Long Term Debt	0.41	0.36	0.12	-0.58	0.33	0.55	0.68	0.26	0.54	0.31	0.02	-0.79	0.94		0.7	0.65	-0.28	0.52	0.96	-0.32	0.57	-0.63
Net Invested Capital	0.37	0.37	-0.25	-0.22	0.39	0.2	0.24	0.34	0.32	0.3	0.09	-0.65	0.75	0.7		0.6	-0.51	0.92	0.82	-0.41	0.79	-0.01
Long Term Investments	0.11	0.07	0.36	-0.08	0.22	0.03	0.19	-0.05	0.09	0.03	0.26	-0.45	0.43	0.65	0.6		0.05	0.36	0.62	-0.7	0.59	-0.01
Short Long Term Debt	-0.13	-0.15	0.19	0.06	0.03	-0.1	-0.06	-0.15	-0.14	0.11	0.21	0.68	-0.48	-0.28	-0.51	0.05		-0.48	-0.49	-0.07	-0.72	0.09
Net Working Capital	0.51	0.54	-0.58	-0.3	0.58	0.3	0.27	0.56	0.45	0.31	-0.03	-0.46	0.65	0.52	0.92	0.36	-0.48		0.63	-0.29	0.67	0.03
Property Plant Equipment	0.32	0.29	0.09	-0.42	0.22	0.4	0.53	0.21	0.42	0.27	0.06	-0.86	0.94	0.96	0.82	0.62	-0.49	0.63		-0.36	0.71	-0.5
Current Deferred Revenue	0.04	0.05	-0.14	-0.16	-0.01	0.15	0.05	0.06	0.08	0.16	-0.27	0.34	-0.22	-0.32	-0.41	-0.7	-0.07	-0.29	-0.36		-0.54	-0.11
Capital Stock	0.24	0.24	-0.07	-0.12	0.21	0.13	0.16	0.17	0.21	-0.12	-0.04	-0.8	0.63	0.57	0.79	0.59	-0.72	0.67	0.71	-0.54		-0.02
Short Term Investments	-0.33	-0.29	-0.09	0.72	-0.2	-0.73	-0.8	-0.23	-0.6	-0.13	0.22	0.49	-0.65	-0.63	-0.01	-0.01	0.09	0.03	-0.5	-0.11	-0.02

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About Novonix Financial Statements

Novonix investors use historical fundamental indicators, such as Novonix's Debt Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Novonix. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Debt Ratio	0.26	0.23
Cash Flow To Debt Ratio	(0.55)	(0.58)

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When running Novonix's price analysis, check to measure Novonix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.

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Novonix Debt Ratio from 2010 to 2024

Latest Novonix's Debt Ratio Growth Pattern

Novonix Debt Ratio Regression Statistics

Novonix Debt Ratio History

Other Fundumenentals of Novonix Ltd ADR

Novonix Debt Ratio component correlations

About Novonix Financial Statements

Also Currently Popular

Additional Tools for Novonix Stock Analysis

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