NOVONIX (ASX:NVX) Cash And Cash Equivalents : A$117.60 Mil (As of Dec. 2023)

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What is NOVONIX Cash And Cash Equivalents?

NOVONIX's quarterly cash and cash equivalents declined from Jun. 2023 (A$147.62 Mil) to Sep. 2023 (A$0.00 Mil) but then increased from Sep. 2023 (A$0.00 Mil) to Dec. 2023 (A$117.60 Mil).

NOVONIX's annual cash and cash equivalents increased from Jun. 2021 (A$134.20 Mil) to Jun. 2022 (A$203.12 Mil) but then declined from Jun. 2022 (A$203.12 Mil) to Dec. 2023 (A$117.60 Mil).

NOVONIX Cash And Cash Equivalents Historical Data

The historical data trend for NOVONIX's Cash And Cash Equivalents 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.

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NOVONIX Cash And Cash Equivalents Chart

NOVONIX Annual Data

Trend

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Cash And Cash Equivalents

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6.11

38.67

134.20

203.12

117.60

NOVONIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															-	147.62	-	117.60	-

NOVONIX Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

NOVONIX (ASX:NVX) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

NOVONIX Cash And Cash Equivalents Related Terms

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NOVONIX (ASX:NVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (ASX:NVX) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

NVX:USA NVNXF:USA GC3:Germany

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.