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NOVONIX (NOVONIX) Total Current Liabilities : $7.84 Mil (As of Dec. 2023)


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What is NOVONIX Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. NOVONIX's total current liabilities for the quarter that ended in Dec. 2023 was $7.84

NOVONIX Total Current Liabilities Historical Data

The historical data trend for NOVONIX's Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NOVONIX Total Current Liabilities Chart

NOVONIX Annual Data
Trend Sep15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only 4.29 3.99 4.02 7.89 7.84

NOVONIX Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 6.22 - 7.84 -

NOVONIX Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

NOVONIX's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5.553+1.688
+Other Current Liabilities+Current Deferred Liabilities
=0.314+0.285
=7.84

NOVONIX's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=5.553+1.688
+Other Current Liabilities+Current Deferred Liabilities
=0.314+0.285
=7.84

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

NOVONIX Total Current Liabilities Related Terms

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NOVONIX (NOVONIX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (NAS:NVX) » Definitions » Total Current Liabilities
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Traded in Other Exchanges
NVNXF:USA GC3:Germany NVX:Australia
Address
71 Eagle Street, Level 38, Brisbane, QLD, AUS, 4000
Website
https://www.novonixgroup.com
NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposit. TheNOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carried out research and development in battery development. The Battery Technology segment is the major revenue contributor to the company.