Novonix (NVX) Debt Ratio (2020 - 2026)
Novonix's (NVX) Debt Ratio stood at 0.32 in the quarter ended Jun 30, 2026, up 117.8% from 0.15 a year earlier.
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Analysis
Novonix (NVX) Debt Ratio (2020 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Novonix's Debt Ratio came in at 0.33, up 16.4% from the prior year.
- Annual Debt Ratio has increased for three straight years.
- Across earlier years, Debt Ratio came in at 0.29 in the year ended Dec 31, 2024 (+16.3%), 0.25 in the year ended Dec 31, 2023 (+88.1%), 0.13 in the year ended Dec 31, 2022 and 0.00 in the year ended Dec 31, 2021.
- Quarterly Debt Ratio has ranged from 0.00 in the quarter ended Dec 31, 2021 to 0.39 in the quarter ended Jun 30, 2024 over the past five years.
- On a year-over-year basis, Debt Ratio rose in three of the last four quarters, with growth averaging 22.1%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn | 0.44 |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn | 0.42 |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn | 0.54 |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn | 0.37 |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn | 0.28 |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn | 0.31 |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn | 0.38 |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn | 0.18 |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn | 0.59 |
| 10 | Novonix | 36.30 Mn | -170.48 Mn | - | 0.32 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.32 |
| Dec 31, 2025 | 0.33 |
| Jun 30, 2025 | 0.15 |
| Dec 31, 2024 | 0.29 |
| Jun 30, 2024 | 0.39 |
| Dec 31, 2023 | 0.25 |
| Jun 30, 2023 | 0.23 |
| Dec 31, 2022 | 0.13 |
| Jun 30, 2022 | 0.12 |
| Dec 31, 2021 | 0.00 |
| Jun 30, 2021 | 0.03 |
| Jun 30, 2020 | 0.03 |
API Access
Novonix Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();