Novonix Financial Health
How is Novonix's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NVX's short term assets (A$235.4M) exceed its short term liabilities (A$11.4M).
Long Term Liabilities: NVX's short term assets (A$235.4M) exceed its long term liabilities (A$63.8M).
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 reduced from 43.5% to 14.7% over the past 5 years.
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 sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 65.8% each year.