Novonix (NVNXF) Debt Ratio (2020 - 2025)
Novonix (NVNXF) posted quarterly Debt Ratio of 0.44 for Q4 2025, up 53.94% year-over-year from 0.29 in Q4 2024, and up 57.31% quarter-over-quarter from 0.28 in Q2 2025.
Novonix (NVNXF) Debt Ratio (2020 - 2025) Analysis & Trends
Novonix's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.44 for Q4 2025.
- In Q4 2025, Debt Ratio rose 53.94% year-over-year to 0.44; the TTM figure through Dec 2025 stood at 0.44 (up 53.94% YoY), while the FY2025 annual figure was 0.44, up 53.94% from the prior year.
- Debt Ratio for Q4 2025 stood at 0.44, up from 0.28 in the prior quarter.
- The five-year high for Debt Ratio was 0.44 in Q4 2025, with the low at 0.03 in Q2 2021.
- The 5-year median for Debt Ratio is 0.23 (2023), against an average of 0.23.
- The sharpest annual moves came in 2022 and 2025: Debt Ratio jumped 295.12% in 2022, then fell 28.57% in 2025.
- Novonix's Debt Ratio stood at 0.11 in 2021, then rose by 14.94% to 0.13 in 2022, then jumped by 89.87% to 0.24 in 2023, then grew by 18.73% to 0.29 in 2024, then jumped by 53.94% to 0.44 in 2025.
- Business Quant data shows NVNXF's Debt Ratio at 0.44 in Q4 2025, 0.28 in Q2 2025, and 0.29 in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 0.18 |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 0.00 |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 0.45 |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 0.21 |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 0.37 |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 0.15 |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | - |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 0.26 |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | 0.03 |
| 10 | Novonix | 17.04 Mn | -70.05 Mn | - | 0.33 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.44 |
| Jun 30, 2025 | 0.28 |
| Dec 31, 2024 | 0.29 |
| Jun 30, 2024 | 0.39 |
| Dec 31, 2023 | 0.24 |
| Jun 30, 2023 | 0.23 |
| Dec 31, 2022 | 0.13 |
| Jun 30, 2022 | 0.12 |
| Dec 31, 2021 | 0.11 |
| Jun 30, 2021 | 0.03 |
| Jun 30, 2020 | 0.03 |