Novonix (NVX) Debt Ratio (2020 - 2025)

Novonix has reported Debt Ratio for 6 years, with the latest figure at 0.33 in Q4 2025.

• For the quarter ending Q4 2025, Debt Ratio rose 14.41% year-over-year to 0.33; the trailing twelve-month figure through Dec 2025 stood at 0.33 (up 14.41% YoY), and the FY2023 full-year result was 0.13, up 6.71% from the prior year.
• Debt Ratio for Q4 2025 stood at 0.33, up from 0.28 in the prior quarter.
• The five-year high for Debt Ratio was 0.33 in Q4 2025, with the low at 0.03 in Q2 2021.
• Historically, Debt Ratio has averaged 0.18 across 5 years, with a median of 0.13 in 2024.
• Annual changes were most pronounced in 2022 — Debt Ratio surged 295.12% — and 2024, when it tumbled 42.86%.
• Novonix's Debt Ratio stood at 0.11 in 2021, then rose by 14.94% to 0.13 in 2022, then increased by 6.71% to 0.13 in 2023, then jumped by 114.87% to 0.29 in 2024, then advanced by 14.41% to 0.33 in 2025.
• The last three Debt Ratio figures came in at 0.33 (Q4 2025), 0.28 (Q2 2025), and 0.29 (Q4 2024), per Business Quant data.