NOVONIX (NOVONIX) Debt-to-Asset : 0.26 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is NOVONIX Debt-to-Asset?

NOVONIX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.69 Mil. NOVONIX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $67.70 Mil. NOVONIX's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $263.34 Mil. NOVONIX's debt to asset for the quarter that ended in Dec. 2023 was 0.26.

NOVONIX Debt-to-Asset Historical Data

The historical data trend for NOVONIX's Debt-to-Asset 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 Debt-to-Asset Chart

NOVONIX Annual Data

Trend

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Debt-to-Asset

Get a 7-Day Free Trial

0.49

0.07

0.14

0.26

NOVONIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															-	0.25	-	0.26	-

Competitive Comparison of NOVONIX's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, NOVONIX's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NOVONIX's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NOVONIX's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where NOVONIX's Debt-to-Asset falls into.

NOVONIX Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NOVONIX's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.688	+	67.7)	/	263.343
	=	0.26

NOVONIX's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.688	+	67.7)	/	263.343
	=	0.26

NOVONIX (NAS:NVX) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

NOVONIX Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of NOVONIX's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

NOVONIX (NOVONIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (NAS:NVX) » Definitions » Debt-to-Asset

Comparable Companies

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.