Novonix (NVX) Debt Ratio (2020 - 2025)

Novonix (NVX) has reported Debt Ratio for 6 consecutive years, with 0.33 the latest figure, recorded in Q4 2025.

• Quarterly Debt Ratio rose 16.38% year-over-year to 0.33 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.33 (up 16.38% YoY) and the FY2025 annual result came in at 0.33, up 16.38% from the prior year.
• Debt Ratio improved to 0.33 in Q4 2025 per NVX's latest filing, from 0.29 in the prior quarter.
• Over the last five years, Debt Ratio for NVX reached as high as 0.39 in Q2 2024 and fell as low as 0.03 in Q2 2021.
• A 5-year average of 0.22 and a median of 0.23 in 2023 frame the typical range for Debt Ratio.
• Annual changes were most pronounced in 2021 — Debt Ratio climbed 5.05% — and 2022, when it soared 295.12%.
• Year by year, Debt Ratio stood at 0.03 in 2021, then jumped by 309.5% to 0.13 in 2022, then jumped by 89.87% to 0.24 in 2023, then gained by 18.73% to 0.29 in 2024, then climbed by 16.38% to 0.33 in 2025.
• According to Business Quant data, Debt Ratio over the past three periods registered 0.33, 0.29, and 0.39 for Q4 2025, Q4 2024, and Q2 2024 respectively.