Novonix annual debt-to-equity ratio
2020
2021
2022
2022
2023
2024
2025
Novonix Debt-to-Equity Ratio Growth & History (NVX)
Novonix's debt-to-equity ratio was 0.62 for fiscal 2025.
View full Novonix company overviewNovonix annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.62 | 0.10 | +19.51% |
| 2024 | 2024-12-31 | 0.52 | 0.14 | +37.67% |
| 2023 | 2023-12-31 | 0.38 | 0.19 | +106.27% |
| 2022 · Dec 31 | 2022-12-31 | 0.18 | — | — |
| 2022 · Jun 30 | 2022-06-30 | 0.17 | 0.09 | +125.22% |
| 2021 | 2021-06-30 | 0.07 | −0.00 | −5.63% |
| 2020 | 2020-06-30 | 0.08 | — | — |
Novonix quarterly debt-to-equity ratio
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.58 | 0.08 | +16.26% |
| Q4 2025 | 2025-12-31 | 0.62 | 0.10 | +19.51% |
| Q2 2025 | 2025-06-30 | 0.50 | 0.05 | +10.01% |
| Q4 2024 | 2024-12-31 | 0.52 | 0.14 | +37.67% |
| Q2 2024 | 2024-06-30 | 0.45 | 0.11 | +32.41% |
| Q4 2023 | 2023-12-31 | 0.38 | 0.19 | +106.27% |
| Q2 2023 | 2023-06-30 | 0.34 | — | — |
| Q4 2022 · Dec 31 | 2022-12-31 | 0.18 | — | — |
Novonix debt-to-equity ratio trends
Between the periods ended 2020-06-30 and 2025-12-31, Novonix's debt-to-equity ratio increased from 0.08 to 0.62, a change of 0.54. The latest reported quarter, Q2 2026, shows 0.58.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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