Novonix Debt To Assets from 2010 to 2024

NVX Stock  USD 1.65  0.01  0.61%   
Novonix Debt To Assets yearly trend continues to be fairly stable with very little volatility. Debt To Assets will likely drop to 0.25 in 2024. During the period from 2010 to 2024, Novonix Debt To Assets regression line of annual values had r-squared of  0.09 and arithmetic mean of  0.27. View All Fundamentals
 
Debt To Assets  
First Reported
2010-12-31
Previous Quarter
0.37744896
Current Value
0.25
Quarterly Volatility
0.15502247
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Novonix financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Novonix's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5 M, Interest Expense of 3 M or Selling General Administrative of 16.1 M, as well as many indicators such as Price To Sales Ratio of 19.13, Dividend Yield of 0.0167 or PTB Ratio of 1.4. Novonix financial statements analysis is a perfect complement when working with Novonix Valuation or Volatility modules.
  
Check out the analysis of Novonix Correlation against competitors.

Latest Novonix's Debt To Assets Growth Pattern

Below is the plot of the Debt To Assets of Novonix Ltd ADR over the last few years. It is Novonix's Debt To Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Novonix's overall financial position and show how it may be relating to other accounts over time.
Debt To Assets10 Years Trend
Slightly volatile
   Debt To Assets   
       Timeline  

Novonix Debt To Assets Regression Statistics

Arithmetic Mean0.27
Geometric Mean0.22
Coefficient Of Variation57.65
Mean Deviation0.12
Median0.33
Standard Deviation0.16
Sample Variance0.02
Range0.6062
R-Value(0.30)
Mean Square Error0.02
R-Squared0.09
Significance0.27
Slope(0.01)
Total Sum of Squares0.34

Novonix Debt To Assets History

2024 0.25
2023 0.38
2022 0.14
2021 0.12
2020 0.0608
2019 0.11
2018 0.64

About Novonix Financial Statements

Novonix investors use historical fundamental indicators, such as Novonix's Debt To Assets, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Novonix. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Debt To Assets 0.38  0.25 

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Additional Tools for Novonix Stock Analysis

When running Novonix's price analysis, check to measure Novonix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.