Novonix Ltd (NVX) — Tangible Net Worth Ratio
Novonix Ltd (NVX) has a Tangible Net Worth Ratio of 100.0% as of December 2025. This metric is calculated by deducting intangible assets (AU$0.00) from net assets (AU$157.25 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See NVX total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Novonix Ltd Tangible Net Worth Ratio (2016–2025)
This chart shows how Novonix Ltd's Tangible Net Worth Ratio has changed across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 100.0%, reflecting net assets of AU$157.25 Million with intangible assets of AU$0.00 AUD. Also explore NVX year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Novonix Ltd (2016–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Novonix Ltd from 2016 to 2025, covering 10 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market cap of Novonix Ltd.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | AU$137.59 Million | AU$0.00 | AU$226.10 Million | ▲ +0.0 pp |
| 2024 | 100.0% | AU$179.60 Million | AU$10.41K | AU$263.34 Million | ▲ +6.0 pp |
| 2023 | 94.0% | AU$138.22 Million | AU$8.32 Million | AU$189.59 Million | ▼ -5.9 pp |
| 2022 | 99.8% | AU$251.13 Million | AU$389.75K | AU$302.98 Million | ▲ +9.2 pp |
| 2021 | 90.7% | AU$178.18 Million | AU$16.58 Million | AU$202.86 Million | ▲ +21.1 pp |
| 2020 | 69.5% | AU$60.31 Million | AU$18.37 Million | AU$75.26 Million | ▲ +142.5 pp |
| 2019 | -72.9% | AU$10.54 Million | AU$18.23 Million | AU$34.92 Million | ▼ -155.7 pp |
| 2018 | 82.8% | AU$29.18 Million | AU$5.03 Million | AU$37.05 Million | ▼ -15.0 pp |
| 2017 | 97.8% | AU$18.41 Million | AU$408.25K | AU$35.50 Million | ▼ -2.2 pp |
| 2016 | 100.0% | AU$2.71 Million | AU$0.00 | AU$2.92 Million | — |