Novonix (NVX) Interest Expenses (2023 - 2024)
Novonix (NVX) posted quarterly Interest Expenses of -$1.9 million for Q4 2024, down 92.26% year-on-year from -$24.4 million in Q1 2024, and down 92.26% on a QoQ basis from -$981100.0 in Q4 2023.
Novonix (NVX) Interest Expenses (2023 - 2024) Analysis & Trends
Novonix (NVX) has reported Interest Expenses for 2 consecutive years, with -$1.9 million the latest figure, recorded in Q4 2024.
- Quarterly Interest Expenses fell 92.26% year-over-year to -$1.9 million in Q4 2024, while the trailing twelve-month figure through Dec 2025 was -$1.9 million (up 34.22% YoY) and the FY2025 annual result came in at -$10.1 million, down 183.85% from the prior year.
- Interest Expenses declined to -$1.9 million in Q4 2024 per NVX's latest filing, from -$981100.0 in the prior quarter.
- Over the last five years, Interest Expenses for NVX reached as high as -$981100.0 in Q4 2023 and fell as low as -$1.9 million in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 227,000.00 |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 42.80 Mn |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 638.56 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 97.70 Mn |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 107.80 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 39.90 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 7.80 Mn |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 6.64 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | -7.72 Mn |
| 10 | Novonix | 286.30 Mn | 199.21 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -1.89 Mn |
| Dec 31, 2024 | -1.89 Mn |
| Dec 31, 2023 | -981,100.00 |
| Dec 31, 2023 | -981,100.00 |