Novonix (NVNXF) Debt to Equity (2020 - 2025)
Novonix (NVNXF) reported Debt to Equity of $0.58 for Q4 2025, up 21.84% on a YoY basis from $0.48 in Q4 2024, and up 6.3% quarter-over-quarter from $0.55 in Q2 2025.
Novonix (NVNXF) Debt to Equity (2020 - 2025) Analysis & Trends
Novonix has reported Debt to Equity for 6 years, with the latest figure at $0.58 in Q4 2025.
- For the quarter ending Q4 2025, Debt to Equity rose 21.84% year-over-year to $0.58; the trailing twelve-month figure through Dec 2025 stood at $0.58 (up 21.84% YoY), and the FY2023 full-year result was $0.19, up 24.49% from the prior year.
- Debt to Equity for Q4 2025 stood at $0.58, up from $0.55 in the prior quarter.
- The five-year high for Debt to Equity was $0.58 in Q4 2025, with the low at $0.03 in Q2 2021.
- Historically, Debt to Equity has averaged $0.32 across 5 years, with a median of $0.33 in 2023.
- Annual changes were most pronounced in 2021 — Debt to Equity retreated 0.58% — and 2022, when it soared 333.31%.
- Novonix's Debt to Equity stood at $0.03 in 2021, then surged by 356.81% to $0.16 in 2022, then rose by 24.49% to $0.19 in 2023, then soared by 146.62% to $0.48 in 2024, then grew by 21.84% to $0.58 in 2025.
- The last three Debt to Equity figures came in at $0.58 (Q4 2025), $0.55 (Q2 2025), and $0.48 (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | 0.58 |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | 0.69 |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | - |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | 0.41 |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | 0.68 |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 0.41 |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | - |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | - |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 0.25 |
| 10 | Novonix | - | - | - | 0.58 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.58 |
| Jun 30, 2025 | 0.55 |
| Dec 31, 2024 | 0.48 |
| Dec 31, 2023 | 0.19 |
| Jun 30, 2023 | 0.46 |
| Dec 31, 2022 | 0.16 |
| Jun 30, 2022 | 0.15 |
| Jun 30, 2021 | 0.03 |
| Jun 30, 2020 | 0.03 |