Novonix Ltd ADR Working Capital to Net Assets Ratio
Novonix Ltd ADR working capital to net assets ratio. Novonix Ltd ADR (NVX) has a Working Capital to Net Assets ratio of -2.8% as of June 2025. Working capital of $-3.84 Million (current assets of $52.73 Million minus current liabilities of $56.57 Million) is measured against net assets of $139.31 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Novonix Ltd ADR (NVX) tangible net worth to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Novonix Ltd ADR (2014–2024)
Working capital to net assets ratio of Novonix Ltd ADR from 2014 to 2024. This chart shows how Novonix Ltd ADR's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2014 to 2024. As of June 2025, the ratio stands at -2.8%, reflecting working capital of $-3.84 Million against net assets of $139.31 Million USD. See defensive interval ratio of Novonix Ltd ADR to measure how many days the company can operate on defensive assets alone.
Novonix Ltd ADR Working Capital to Net Assets Ratio by Year (2014–2024)
Novonix Ltd ADR working capital to net assets ratio by year from 2014 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Novonix Ltd ADR from 2014 to 2024, covering 13 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 the complete balance sheet picture, see Novonix Ltd ADR balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 8.0% | $11.06 Million | $137.59 Million | $57.30 Million | $46.24 Million | ▼ -37.2 pp |
| 2023 | 45.3% | $81.31 Million | $179.60 Million | $89.15 Million | $7.84 Million | ▼ -2.4 pp |
| 2023 | 47.6% | $107.68 Million | $226.06 Million | $116.15 Million | $8.47 Million | ▼ -1.0 pp |
| 2022 | 48.6% | $73.59 Million | $151.39 Million | $79.38 Million | $5.79 Million | ▼ -12.8 pp |
| 2021 | 61.5% | $154.33 Million | $251.13 Million | $162.22 Million | $7.89 Million | ▼ -16.4 pp |
| 2020 | 77.8% | $138.67 Million | $178.18 Million | $144.03 Million | $5.35 Million | ▲ +15.8 pp |
| 2019 | 62.0% | $37.39 Million | $60.31 Million | $41.40 Million | $4.01 Million | ▲ +45.6 pp |
| 2018 | 16.4% | $1.72 Million | $10.54 Million | $7.85 Million | $6.13 Million | ▲ +13.3 pp |
| 2017 | 3.0% | $880.55K | $29.18 Million | $1.85 Million | $973.03K | ▲ +57.4 pp |
| 2016 | -54.4% | $-10.02 Million | $18.41 Million | $3.11 Million | $13.13 Million | ▼ -109.5 pp |
| 2016 | 55.0% | $1.11 Million | $2.03 Million | $1.27 Million | $158.26K | ▼ 0.0 pp |
| 2015 | 55.0% | $1.49 Million | $2.71 Million | $1.70 Million | $211.93K | ▼ -2609.9 pp |
| 2014 | 2664.9% | $-104.68K | $-3.93K | $6.42K | $111.10K | — |