Novonix Long Term Debt vs Retained Earnings Analysis

NVX Stock

USD 2.69 0.76 39.38%

Novonix financial indicator trend analysis is infinitely more than just investigating Novonix Ltd ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novonix Ltd ADR is a good investment. Please check the relationship between Novonix Long Term Debt and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novonix Ltd ADR Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Novonix's Long Term Debt and Retained Earnings is -0.58. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Novonix Ltd ADR, assuming nothing else is changed. The correlation between historical values of Novonix's Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Novonix Ltd ADR are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Novonix's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

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Long Term Debt

Long-term debt is a debt that Novonix Ltd ADR has held for over one year. Long-term debt appears on Novonix Ltd ADR balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Novonix Ltd ADR balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Novonix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novonix Ltd ADR current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

At this time, Novonix's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 324.5 M in 2024, despite the fact that Tax Provision is likely to grow to (190 K).

Novonix fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Non Current Liabilities Total	Short Long Term Debt Total	Non Currrent Assets Other	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Short Term Debt	Intangible Assets	Net Tangible Assets
Total Assets		0.57	0.72	0.99	0.89	-0.68	-0.87	0.89	0.95	0.9	0.94	0.86	0.81	0.96	0.94	0.87	0.81	0.34	0.44	0.27	-0.05	0.01	-0.35	-0.29	-0.17	0.51
Other Current Liab	0.57		0.69	0.52	0.78	-0.18	-0.81	0.48	0.42	0.78	0.51	0.84	0.83	0.43	0.72	0.32	0.82	0.41	0.77	-0.03	-0.22	-0.34	-0.66	0.01	-0.39	0.7
Total Current Liabilities	0.72	0.69		0.69	0.67	-0.36	-0.66	0.67	0.62	0.7	0.62	0.65	0.67	0.64	0.68	0.61	0.65	0.03	0.29	-0.19	-0.47	-0.36	-0.59	0.39	0.08	0.37
Total Stockholder Equity	0.99	0.52	0.69		0.86	-0.74	-0.84	0.91	0.97	0.87	0.96	0.84	0.78	0.98	0.94	0.9	0.77	0.3	0.38	0.26	-0.04	0.03	-0.33	-0.31	-0.14	0.48
Property Plant And Equipment Net	0.89	0.78	0.67	0.86		-0.41	-0.98	0.8	0.77	1.0	0.77	0.97	0.98	0.79	0.98	0.77	0.98	0.59	0.74	0.23	-0.03	-0.01	-0.39	-0.3	-0.4	0.72
Net Debt	-0.68	-0.18	-0.36	-0.74	-0.41		0.42	-0.69	-0.85	-0.42	-0.88	-0.46	-0.28	-0.83	-0.58	-0.62	-0.27	0.1	0.06	-0.26	-0.07	-0.01	0.24	0.35	-0.13	-0.13
Retained Earnings	-0.87	-0.81	-0.66	-0.84	-0.98	0.42		-0.76	-0.76	-0.98	-0.78	-0.99	-0.98	-0.77	-0.97	-0.68	-0.97	-0.53	-0.77	-0.29	0.11	0.14	0.5	0.35	0.31	-0.65
Accounts Payable	0.89	0.48	0.67	0.91	0.8	-0.69	-0.76		0.85	0.81	0.86	0.75	0.68	0.86	0.85	0.94	0.67	0.21	0.22	0.22	0.0	0.06	-0.38	-0.26	-0.02	0.39
Cash	0.95	0.42	0.62	0.97	0.77	-0.85	-0.76	0.85		0.78	0.98	0.76	0.68	1.0	0.88	0.85	0.68	0.23	0.3	0.31	-0.02	0.02	-0.27	-0.32	-0.05	0.39
Non Current Assets Total	0.9	0.78	0.7	0.87	1.0	-0.42	-0.98	0.81	0.78		0.77	0.97	0.97	0.79	0.98	0.77	0.97	0.54	0.72	0.2	-0.1	-0.07	-0.44	-0.28	-0.35	0.68
Cash And Short Term Investments	0.94	0.51	0.62	0.96	0.77	-0.88	-0.78	0.86	0.98	0.77		0.79	0.68	0.97	0.87	0.79	0.67	0.21	0.32	0.32	0.0	-0.03	-0.37	-0.35	-0.07	0.42
Net Receivables	0.86	0.84	0.65	0.84	0.97	-0.46	-0.99	0.75	0.76	0.97	0.79		0.97	0.77	0.97	0.66	0.96	0.49	0.77	0.22	-0.13	-0.19	-0.55	-0.35	-0.32	0.64
Total Liab	0.81	0.83	0.67	0.78	0.98	-0.28	-0.98	0.68	0.68	0.97	0.68	0.97		0.7	0.94	0.64	1.0	0.61	0.84	0.23	-0.12	-0.11	-0.43	-0.23	-0.38	0.71
Total Current Assets	0.96	0.43	0.64	0.98	0.79	-0.83	-0.77	0.86	1.0	0.79	0.97	0.77	0.7		0.89	0.87	0.69	0.24	0.31	0.3	-0.02	0.04	-0.26	-0.31	-0.06	0.41
Common Stock	0.94	0.72	0.68	0.94	0.98	-0.58	-0.97	0.85	0.88	0.98	0.87	0.97	0.94	0.89		0.82	0.93	0.49	0.65	0.27	-0.06	-0.04	-0.41	-0.34	-0.29	0.63
Common Stock Shares Outstanding	0.87	0.32	0.61	0.9	0.77	-0.62	-0.68	0.94	0.85	0.77	0.79	0.66	0.64	0.87	0.82		0.64	0.29	0.18	0.18	0.06	0.23	-0.13	-0.21	-0.11	0.41
Non Current Liabilities Total	0.81	0.82	0.65	0.77	0.98	-0.27	-0.97	0.67	0.68	0.97	0.67	0.96	1.0	0.69	0.93	0.64		0.63	0.85	0.24	-0.1	-0.09	-0.4	-0.24	-0.41	0.72
Short Long Term Debt Total	0.34	0.41	0.03	0.3	0.59	0.1	-0.53	0.21	0.23	0.54	0.21	0.49	0.61	0.24	0.49	0.29	0.63		0.78	0.56	0.6	0.58	0.34	-0.29	-0.82	0.86
Non Currrent Assets Other	0.44	0.77	0.29	0.38	0.74	0.06	-0.77	0.22	0.3	0.72	0.32	0.77	0.84	0.31	0.65	0.18	0.85	0.78		0.3	0.06	-0.05	-0.24	-0.28	-0.62	0.76
Good Will	0.27	-0.03	-0.19	0.26	0.23	-0.26	-0.29	0.22	0.31	0.2	0.32	0.22	0.23	0.3	0.27	0.18	0.24	0.56	0.3		0.65	0.5	0.34	-0.49	-0.17	0.32
Inventory	-0.05	-0.22	-0.47	-0.04	-0.03	-0.07	0.11	0.0	-0.02	-0.1	0.0	-0.13	-0.12	-0.02	-0.06	0.06	-0.1	0.6	0.06	0.65		0.91	0.72	-0.36	-0.6	0.45
Other Current Assets	0.01	-0.34	-0.36	0.03	-0.01	-0.01	0.14	0.06	0.02	-0.07	-0.03	-0.19	-0.11	0.04	-0.04	0.23	-0.09	0.58	-0.05	0.5	0.91		0.85	-0.2	-0.56	0.41
Other Stockholder Equity	-0.35	-0.66	-0.59	-0.33	-0.39	0.24	0.5	-0.38	-0.27	-0.44	-0.37	-0.55	-0.43	-0.26	-0.41	-0.13	-0.4	0.34	-0.24	0.34	0.72	0.85		-0.03	-0.33	0.05
Short Term Debt	-0.29	0.01	0.39	-0.31	-0.3	0.35	0.35	-0.26	-0.32	-0.28	-0.35	-0.35	-0.23	-0.31	-0.34	-0.21	-0.24	-0.29	-0.28	-0.49	-0.36	-0.2	-0.03		0.25	-0.11
Intangible Assets	-0.17	-0.39	0.08	-0.14	-0.4	-0.13	0.31	-0.02	-0.05	-0.35	-0.07	-0.32	-0.38	-0.06	-0.29	-0.11	-0.41	-0.82	-0.62	-0.17	-0.6	-0.56	-0.33	0.25		-0.84
Net Tangible Assets	0.51	0.7	0.37	0.48	0.72	-0.13	-0.65	0.39	0.39	0.68	0.42	0.64	0.71	0.41	0.63	0.41	0.72	0.86	0.76	0.32	0.45	0.41	0.05	-0.11	-0.84

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Novonix Account Relationship Matchups

Novonix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	51.7M	152.4M	303.0M	277.4M	263.3M	140.5M
Other Current Liab	656.4K	2.2M	3.9K	3.8M	5.6M	5.9M
Total Current Liabilities	2.8M	4.0M	7.9M	8.5M	7.8M	5.5M
Total Stockholder Equity	45.7M	138.5M	251.1M	226.1M	183.9M	112.5M
Property Plant And Equipment Net	10.6M	31.6M	111.6M	132.4M	144.3M	151.5M
Net Debt	7.8M	(23.1M)	(92.3M)	(57.7M)	(9.3M)	(9.8M)
Retained Earnings	(43.9M)	(61.6M)	(110.7M)	(138.6M)	(184.8M)	(175.6M)
Accounts Payable	582.5K	1.4M	2.7M	4.1M	1.3M	1.6M
Cash	26.7M	102.7M	142.7M	99.0M	78.7M	55.9M
Non Current Assets Total	23.3M	44.2M	140.8M	161.3M	174.2M	182.9M
Cash And Short Term Investments	4.2M	26.7M	102.7M	99.0M	78.7M	45.8M
Net Receivables	843.6K	1.6M	2.1M	2.8M	3.6M	3.7M
Liabilities And Stockholders Equity	24.5M	51.7M	152.4M	277.4M	263.3M	276.5M
Total Liab	6.0M	13.9M	51.8M	51.4M	83.9M	88.1M
Total Current Assets	28.4M	108.2M	162.2M	116.1M	89.2M	63.3M
Accumulated Other Comprehensive Income	15.0M	21.0M	24.9M	26.5M	30.4M	17.2M
Common Stock	26.7M	68.6M	175.2M	338.1M	338.4M	355.3M
Common Stock Shares Outstanding	34.0M	91.6M	486.0M	464.4M	121.9M	197.4M
Non Current Liabilities Total	3.2M	9.8M	44.0M	42.9M	71.6M	75.1M
Short Long Term Debt Total	1.3M	12.0M	3.5M	10.4M	68.2M	71.6M
Non Currrent Assets Other	6.0K	16.9K	117.6K	168.7K	1.3M	1.3M
Good Will	3.3M	11.9M	12.0M	12.0M	13.8M	11.1M
Inventory	782.3K	939.3K	2.1M	1.9M	2.0M	1.8M
Short Term Debt	2.9M	285.9K	433.2K	467.5K	520.3K	494.3K
Intangible Assets	837.6K	656.6K	474.2K	389.8K	15.3K	14.5K
Net Tangible Assets	(2.5M)	48.2M	167.8M	346.4M	398.4M	418.3M
Long Term Debt	1.9M	6.0M	35.9M	52.2M	63.2M	66.4M
Net Invested Capital	68.7M	190.7M	287.2M	416.7M	247.3M	211.5M
Short Long Term Debt	274.9K	277.1K	120.0K	174.1K	174.4K	165.7K
Net Working Capital	37.4M	138.7M	154.3M	223.9M	81.3M	102.6M
Property Plant Equipment	8.8M	15.5M	42.1M	161.8M	186.1M	195.4M
Capital Stock	99.9M	233.2M	338.0M	458.7M	338.4M	289.8M
Capital Lease Obligations	2.9M	7.5M	5.3M	7.8M	4.8M	6.2M
Property Plant And Equipment Gross	11.6M	33.3M	111.6M	116.5M	155.7M	104.2M

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Novonix Long Term Debt vs Retained Earnings Analysis

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Long Term Debt

Retained Earnings

Novonix fundamental ratios Correlations

Novonix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novonix fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Total Liab
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.98	Total Stockholder Equity
Total Liab	+ 0.98	Property Plant And Equipment Net

Net Receivables	- 0.99	Retained Earnings
Total Liab	- 0.98	Retained Earnings
Non Current Assets Total	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Property Plant And Equipment Net
Non Current Liabilities Total	- 0.97	Retained Earnings
Common Stock	- 0.97	Retained Earnings