Novonix Ltd (NVX) — Defensive Interval Ratio

Latest as of December 2025: 9 days

Novonix Ltd (NVX) has a Defensive Interval Ratio of 9 days as of December 2025. Defensive assets of AU$2.12 Million (cash AU$-, short-term investments AU$-, receivables AU$2.12 Million) cover 9 days of daily cash needs of AU$229.08K/day.

Defensive Interval Ratio

9 days

Days of operational coverage

Defensive Assets

AU$2.12 Million

Cash + ST Investments + Receivables

Daily Cash Need

AU$229.08K

Current Liabilities ÷ 365

Current Liabilities

AU$83.62 Million

AUD

Novonix Ltd Defensive Interval Ratio (2014–2025)

This chart shows how Novonix Ltd's Defensive Interval Ratio has evolved across 23 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 9 days, meaning defensive assets of AU$2.12 Million can fund 9 days of operations without new revenue. For the complete balance sheet picture, see Novonix Ltd assets under control.

Annual Defensive Interval Ratio for Novonix Ltd (2014–2025)

The table below presents the year-by-year Defensive Interval Ratio for Novonix Ltd from 2014 to 2025, covering 23 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See NVX working capital efficiency to evaluate short-term liquidity relative to the company's equity base.

Year	DIR (days)	Defensive Assets (AUD)	Daily Cash Need	Cash	ST Investments	Change (days)
2025	9 days	AU$2.12 Million	AU$229.08K/day	AU$-	AU$-	▼ -55 days
2025	64 days	AU$8.16 Million	AU$126.69K/day	AU$-	AU$-	▲ +0 days
2024	64 days	AU$8.16 Million	AU$126.69K/day	AU$-	AU$-	▼ -134 days
2024	199 days	AU$4.27 Million	AU$21.48K/day	AU$-	AU$702.87K	▲ +157 days
2023	42 days	AU$4.27 Million	AU$102.08K/day	AU$-	AU$702.87K	▼ -81 days
2023	123 days	AU$2.85 Million	AU$23.19K/day	AU$-	AU$-	▲ +0 days
2022	123 days	AU$2.85 Million	AU$23.19K/day	AU$-	AU$-	▼ -340 days
2022	463 days	AU$10.00 Million	AU$21.62K/day	AU$-	AU$7.55 Million	▲ +0 days
2021	463 days	AU$10.00 Million	AU$21.62K/day	AU$-	AU$7.55 Million	▲ +323 days
2021	139 days	AU$2.04 Million	AU$14.67K/day	AU$-	AU$-	▲ +0 days
2020	139 days	AU$2.04 Million	AU$14.67K/day	AU$-	AU$-	▲ +27 days
2020	112 days	AU$1.23 Million	AU$10.98K/day	AU$-	AU$-	▲ +0 days
2019	112 days	AU$1.23 Million	AU$10.98K/day	AU$-	AU$-	▲ +83 days
2019	28 days	AU$478.40K	AU$16.80K/day	AU$-	AU$-	▲ +0 days
2018	28 days	AU$478.40K	AU$16.80K/day	AU$-	AU$-	▼ -1354 days
2018	1383 days	AU$3.69 Million	AU$2.67K/day	AU$-	AU$3.09 Million	▲ +0 days
2017	1383 days	AU$3.69 Million	AU$2.67K/day	AU$-	AU$3.09 Million	▲ +1375 days
2017	8 days	AU$289.99K	AU$35.99K/day	AU$-	AU$-	▲ +0 days
2016	8 days	AU$289.99K	AU$35.99K/day	AU$-	AU$-	▼ -59 days
2016	67 days	AU$38.76K	AU$580.62/day	AU$-	AU$-	▲ +0 days
2015	67 days	AU$38.76K	AU$580.62/day	AU$-	AU$-	▲ +46 days
2015	21 days	AU$6.41K	AU$304.38/day	AU$-	AU$-	▲ +0 days
2014	21 days	AU$6.41K	AU$304.38/day	AU$-	AU$-	—

DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)