Novonix (NVX) Debt to Equity (2020 - 2025)
Novonix posted quarterly Debt to Equity of $0.58 for Q4 2025, up 23.94% year-on-year from $0.47 in Q4 2024, and up 23.94% on a QoQ basis from $0.47 in Q4 2024.
Novonix (NVX) has 6 years of Debt to Equity data on file, last reported at $0.58 in Q4 2025.
- For the quarter ending Q4 2025, Debt to Equity rose 23.94% year-over-year to $0.58; the trailing twelve-month figure through Dec 2025 stood at $0.58 (up 23.94% YoY), and the FY2025 full-year result was $0.58, up 23.94% from the prior year.
- Debt to Equity for Q4 2025 stood at $0.58, up from $0.47 in the prior quarter.
- Across five years, Debt to Equity topped out at $0.58 in Q4 2025 and bottomed at $0.03 in Q2 2021.
- The 5-year median for Debt to Equity is $0.17 (2022), against an average of $0.26.
- The widest annual swing landed in 2021, when Debt to Equity retreated 0.58%; it then soared 333.31% in 2022.
- A 5-year view of Debt to Equity shows it stood at $0.03 in 2021, then soared by 356.81% to $0.16 in 2022, then gained by 24.49% to $0.19 in 2023, then jumped by 142.46% to $0.47 in 2024, then increased by 23.94% to $0.58 in 2025.
- The last three Debt to Equity figures came in at $0.58 (Q4 2025), $0.47 (Q4 2024), and $0.19 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 0.69 |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | - |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 0.41 |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 0.68 |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 0.41 |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | - |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 0.25 |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 0.58 |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | 0.09 |
| 10 | Novonix | 335.32 Mn | 255.45 Mn | - | 0.58 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.58 |
| Dec 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.19 |
| Dec 31, 2022 | 0.16 |
| Jun 30, 2022 | 0.15 |
| Jun 30, 2021 | 0.03 |
| Jun 30, 2020 | 0.03 |