NOVONIX Balance Sheet Health
Financial Health criteria checks 4/6
NOVONIX has a total shareholder equity of $183.9M and total debt of $64.6M, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are $263.3M and $79.4M respectively.
Key information
35.1%
Debt to equity ratio
US$64.56m
Debt
| Interest coverage ratio | n/a |
| Cash | US$78.71m |
| Equity | US$183.94m |
| Total liabilities | US$79.41m |
| Total assets | US$263.34m |
Recent financial health updates
Is NOVONIX (ASX:NVX) Weighed On By Its Debt Load?
Mar 01
Is NOVONIX (ASX:NVX) Using Debt In A Risky Way?
Oct 05Is Novonix (ASX:NVX) Using Debt Sensibly?
May 25Is Novonix (ASX:NVX) Using Too Much Debt?
Sep 04Is Novonix (ASX:NVX) Using Too Much Debt?
Jun 02Does Novonix (ASX:NVX) Have A Healthy Balance Sheet?
Dec 21
Recent updates
Shareholders Will Probably Hold Off On Increasing NOVONIX Limited's (ASX:NVX) CEO Compensation For The Time Being
Apr 10Is NOVONIX (ASX:NVX) Weighed On By Its Debt Load?
Mar 01Is NOVONIX (ASX:NVX) Using Debt In A Risky Way?
Oct 05Is Novonix (ASX:NVX) Using Debt Sensibly?
May 25Is Novonix (ASX:NVX) Using Too Much Debt?
Sep 04Is Novonix (ASX:NVX) Using Too Much Debt?
Jun 02Who Has Been Buying Novonix Limited (ASX:NVX) Shares?
Mar 01Could The Novonix Limited (ASX:NVX) Ownership Structure Tell Us Something Useful?
Jan 25Does Novonix (ASX:NVX) Have A Healthy Balance Sheet?
Dec 21Financial Position Analysis
Short Term Liabilities: NVX's short term assets ($89.2M) exceed its short term liabilities ($7.8M).
Long Term Liabilities: NVX's short term assets ($89.2M) exceed its long term liabilities ($71.6M).
Debt to Equity History and Analysis
Debt Level: NVX has more cash than its total debt.
Reducing Debt: NVX's debt to equity ratio has increased from 24.1% to 35.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NVX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NVX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.9% each year