Novonix Ltd (NVX) — Working Capital to Net Assets Ratio
Novonix Ltd (NVX) has a Working Capital to Net Assets ratio of 3.6% as of December 2025. Working capital of AU$5.60 Million (current assets of AU$89.22 Million minus current liabilities of AU$83.62 Million) is measured against net assets of AU$157.25 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See NVX net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Novonix Ltd Working Capital to Net Assets (2015–2025)
This chart shows how Novonix Ltd's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of December 2025, the ratio stands at 3.6%, reflecting working capital of AU$5.60 Million against net assets of AU$157.25 Million AUD. Check Novonix Ltd (NVX) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Novonix Ltd (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Novonix Ltd from 2015 to 2025, covering 11 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market value of Novonix Ltd.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 8.0% | AU$11.06 Million | AU$137.59 Million | AU$57.30 Million | AU$46.24 Million | ▼ -37.2 pp |
| 2024 | 45.3% | AU$81.31 Million | AU$179.60 Million | AU$89.15 Million | AU$7.84 Million | ▼ -6.0 pp |
| 2023 | 51.3% | AU$70.91 Million | AU$138.22 Million | AU$79.38 Million | AU$8.47 Million | ▼ -10.2 pp |
| 2022 | 61.5% | AU$154.33 Million | AU$251.13 Million | AU$162.22 Million | AU$7.89 Million | ▼ -16.4 pp |
| 2021 | 77.8% | AU$138.67 Million | AU$178.18 Million | AU$144.03 Million | AU$5.35 Million | ▲ +15.8 pp |
| 2020 | 62.0% | AU$37.39 Million | AU$60.31 Million | AU$41.40 Million | AU$4.01 Million | ▲ +45.6 pp |
| 2019 | 16.4% | AU$1.72 Million | AU$10.54 Million | AU$7.85 Million | AU$6.13 Million | ▲ +13.3 pp |
| 2018 | 3.0% | AU$880.55K | AU$29.18 Million | AU$1.85 Million | AU$973.03K | ▲ +57.4 pp |
| 2017 | -54.4% | AU$-10.02 Million | AU$18.41 Million | AU$3.11 Million | AU$13.13 Million | ▼ -109.5 pp |
| 2016 | 55.0% | AU$1.49 Million | AU$2.71 Million | AU$1.70 Million | AU$211.93K | ▼ -2609.9 pp |
| 2015 | 2664.9% | AU$-104.68K | AU$-3.93K | AU$6.42K | AU$111.10K | — |