Novonix Net Tangible Assets vs Net Working Capital Analysis

NVX Stock

USD 1.24 0.02 1.64%

Novonix financial indicator trend analysis is infinitely more than just investigating Novonix Ltd ADR recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novonix Ltd ADR is a good investment. Please check the relationship between Novonix Net Tangible Assets and its Net Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novonix Ltd ADR Net Tangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.

The correlation between Novonix's Net Tangible Assets and Net Working Capital is 0.25. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Novonix Ltd ADR, assuming nothing else is changed. The correlation between historical values of Novonix's Net Tangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Novonix Ltd ADR are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Tangible Assets i.e., Novonix's Net Tangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Working Capital

Most indicators from Novonix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novonix Ltd ADR current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novonix Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

At this time, Novonix's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 102.6 K in 2025, whereas Issuance Of Capital Stock is likely to drop slightly above 27.4 M in 2025.

Novonix fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Property Plant And Equipment Net	Other Assets	Net Receivables	Non Current Liabilities Total	Short Long Term Debt Total	Good Will	Inventory	Short Term Debt	Intangible Assets
Total Assets		0.44	0.99	-0.52	-0.77	0.74	0.92	0.88	-0.09	0.9	0.54	0.12	-0.15	0.8	0.92	0.93	0.6	0.84	0.26	0.64	0.83	0.36	0.14	-0.26	0.27	0.05
Total Current Liabilities	0.44		0.36	0.32	-0.86	0.24	0.2	0.74	0.12	0.21	0.48	-0.08	-0.11	0.82	0.24	0.71	0.97	0.77	0.03	0.95	0.36	0.31	0.08	-0.37	0.98	-0.17
Total Stockholder Equity	0.99	0.36		-0.64	-0.7	0.76	0.96	0.83	-0.12	0.95	0.51	0.15	-0.13	0.72	0.96	0.89	0.53	0.78	0.29	0.56	0.76	0.28	0.14	-0.2	0.17	0.08
Net Debt	-0.52	0.32	-0.64		-0.04	-0.52	-0.76	-0.11	0.35	-0.82	-0.11	-0.19	0.06	0.04	-0.79	-0.27	0.14	-0.06	-0.3	0.15	-0.16	0.17	-0.19	-0.16	0.47	-0.34
Retained Earnings	-0.77	-0.86	-0.7	-0.04		-0.52	-0.57	-0.95	0.05	-0.53	-0.57	0.03	0.15	-0.98	-0.57	-0.94	-0.91	-0.96	0.05	-0.97	-0.74	-0.47	-0.23	0.31	-0.77	0.09
Accounts Payable	0.74	0.24	0.76	-0.52	-0.52		0.72	0.62	-0.39	0.74	0.56	-0.09	-0.36	0.53	0.75	0.67	0.38	0.56	0.2	0.39	0.52	-0.09	0.27	-0.36	0.06	0.47
Cash	0.92	0.2	0.96	-0.76	-0.57	0.72		0.7	-0.25	0.99	0.44	0.14	-0.13	0.6	0.98	0.8	0.38	0.66	0.25	0.43	0.71	0.2	0.24	-0.08	0.02	0.17
Non Current Assets Total	0.88	0.74	0.83	-0.11	-0.95	0.62	0.7		0.09	0.65	0.6	0.04	-0.15	0.98	0.69	0.97	0.83	0.98	0.14	0.87	0.85	0.43	0.05	-0.37	0.61	-0.14
Non Currrent Assets Other	-0.09	0.12	-0.12	0.35	0.05	-0.39	-0.25	0.09		-0.29	-0.05	0.12	0.19	0.04	-0.26	-0.05	0.13	0.08	0.37	0.02	-0.01	0.12	-0.91	-0.16	0.17	-0.73
Cash And Short Term Investments	0.9	0.21	0.95	-0.82	-0.53	0.74	0.99	0.65	-0.29		0.43	0.15	-0.13	0.55	1.0	0.77	0.39	0.61	0.28	0.41	0.6	0.12	0.25	-0.07	0.03	0.22
Common Stock Shares Outstanding	0.54	0.48	0.51	-0.11	-0.57	0.56	0.44	0.6	-0.05	0.43		-0.68	-0.66	0.6	0.45	0.59	0.53	0.53	0.18	0.52	0.46	-0.15	-0.02	-0.6	0.38	0.31
Other Current Assets	0.12	-0.08	0.15	-0.19	0.03	-0.09	0.14	0.04	0.12	0.15	-0.68		0.82	-0.02	0.17	0.07	-0.04	0.11	0.2	-0.03	0.03	0.45	0.08	0.45	-0.08	-0.52
Other Stockholder Equity	-0.15	-0.11	-0.13	0.06	0.15	-0.36	-0.13	-0.15	0.19	-0.13	-0.66	0.82		-0.15	-0.12	-0.13	-0.12	-0.04	0.03	-0.1	-0.13	0.51	0.09	0.61	-0.05	-0.66
Total Liab	0.8	0.82	0.72	0.04	-0.98	0.53	0.6	0.98	0.04	0.55	0.6	-0.02	-0.15		0.58	0.94	0.88	0.97	0.08	0.92	0.82	0.47	0.13	-0.38	0.72	-0.12
Total Current Assets	0.92	0.24	0.96	-0.79	-0.57	0.75	0.98	0.69	-0.26	1.0	0.45	0.17	-0.12	0.58		0.8	0.43	0.65	0.3	0.45	0.62	0.16	0.25	-0.09	0.06	0.19
Common Stock	0.93	0.71	0.89	-0.27	-0.94	0.67	0.8	0.97	-0.05	0.77	0.59	0.07	-0.13	0.94	0.8		0.83	0.97	0.12	0.87	0.8	0.41	0.18	-0.26	0.57	-0.05
Other Current Liab	0.6	0.97	0.53	0.14	-0.91	0.38	0.38	0.83	0.13	0.39	0.53	-0.04	-0.12	0.88	0.43	0.83		0.86	0.08	0.97	0.46	0.33	0.05	-0.34	0.92	-0.17
Property Plant And Equipment Net	0.84	0.77	0.78	-0.06	-0.96	0.56	0.66	0.98	0.08	0.61	0.53	0.11	-0.04	0.97	0.65	0.97	0.86		0.06	0.91	0.81	0.55	0.11	-0.23	0.66	-0.23
Other Assets	0.26	0.03	0.29	-0.3	0.05	0.2	0.25	0.14	0.37	0.28	0.18	0.2	0.03	0.08	0.3	0.12	0.08	0.06		-0.08	0.06	-0.18	-0.41	-0.43	-0.03	-0.09
Net Receivables	0.64	0.95	0.56	0.15	-0.97	0.39	0.43	0.87	0.02	0.41	0.52	-0.03	-0.1	0.92	0.45	0.87	0.97	0.91	-0.08		0.57	0.42	0.19	-0.28	0.88	-0.16
Non Current Liabilities Total	0.83	0.36	0.76	-0.16	-0.74	0.52	0.71	0.85	-0.01	0.6	0.46	0.03	-0.13	0.82	0.62	0.8	0.46	0.81	0.06	0.57		0.52	0.11	-0.25	0.23	-0.08
Short Long Term Debt Total	0.36	0.31	0.28	0.17	-0.47	-0.09	0.2	0.43	0.12	0.12	-0.15	0.45	0.51	0.47	0.16	0.41	0.33	0.55	-0.18	0.42	0.52		0.24	0.42	0.33	-0.64
Good Will	0.14	0.08	0.14	-0.19	-0.23	0.27	0.24	0.05	-0.91	0.25	-0.02	0.08	0.09	0.13	0.25	0.18	0.05	0.11	-0.41	0.19	0.11	0.24		0.32	0.06	0.4
Inventory	-0.26	-0.37	-0.2	-0.16	0.31	-0.36	-0.08	-0.37	-0.16	-0.07	-0.6	0.45	0.61	-0.38	-0.09	-0.26	-0.34	-0.23	-0.43	-0.28	-0.25	0.42	0.32		-0.3	-0.37
Short Term Debt	0.27	0.98	0.17	0.47	-0.77	0.06	0.02	0.61	0.17	0.03	0.38	-0.08	-0.05	0.72	0.06	0.57	0.92	0.66	-0.03	0.88	0.23	0.33	0.06	-0.3		-0.25
Intangible Assets	0.05	-0.17	0.08	-0.34	0.09	0.47	0.17	-0.14	-0.73	0.22	0.31	-0.52	-0.66	-0.12	0.19	-0.05	-0.17	-0.23	-0.09	-0.16	-0.08	-0.64	0.4	-0.37	-0.25

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Novonix Account Relationship Matchups

Novonix fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	202.9M	303.0M	189.6M	263.3M	226.1M	139.6M
Total Current Liabilities	5.4M	7.9M	5.8M	7.8M	46.2M	48.6M
Total Stockholder Equity	178.2M	251.1M	151.4M	183.9M	137.6M	105.9M
Net Debt	(116.6M)	(100.4M)	(42.6M)	(10.5M)	27.9M	29.3M
Retained Earnings	(81.9M)	(110.7M)	(94.7M)	(184.8M)	(259.7M)	(246.7M)
Accounts Payable	1.4M	2.7M	2.8M	1.3M	998.3K	1.5M
Cash	136.7M	142.7M	73.9M	115.5M	42.6M	55.9M
Non Current Assets Total	58.8M	140.8M	110.2M	174.2M	168.8M	177.2M
Non Currrent Assets Other	(12.7M)	168.7K	1.6M	1.3M	1.2M	1.2M
Cash And Short Term Investments	136.7M	142.7M	73.9M	78.6M	42.6M	52.8M
Liabilities And Stockholders Equity	202.9M	303.0M	189.6M	263.3M	226.1M	139.6M
Other Current Assets	1.9M	15.2M	2.0M	4.6M	5.2M	3.7M
Total Liab	24.7M	51.8M	38.2M	83.7M	88.5M	92.9M
Total Current Assets	144.0M	162.2M	79.4M	89.2M	57.3M	59.7M
Accumulated Other Comprehensive Income	26.9M	23.9M	15.1M	30.4M	29.7M	17.4M
Common Stock	233.2M	338.0M	231.1M	338.4M	367.5M	385.9M
Other Current Liab	3.6M	4.8M	4.8M	3.5M	13.9M	14.6M
Property Plant And Equipment Net	39.0M	111.6M	89.0M	144.3M	155.7M	163.5M
Net Receivables	2.0M	2.5M	1.9M	3.6M	8.2M	8.6M
Non Current Liabilities Total	19.3M	44.0M	32.4M	105.0M	42.3M	32.6M
Short Long Term Debt Total	20.0M	42.3M	31.3M	68.2M	70.4M	35.6M
Good Will	17.0M	17.4M	16.0M	8.2M	13.8M	12.6M
Inventory	2.8M	1.9M	2.2M	2.0M	1.4M	1.8M
Short Term Debt	433.2K	457.6K	431.4K	2.5M	31.2M	32.7M
Intangible Assets	16.6M	389.8K	8.3M	10.4K	9.4K	8.9K
Net Tangible Assets	(2.5M)	48.2M	167.8M	346.4M	398.4M	418.3M
Long Term Debt	6.0M	35.9M	52.2M	63.2M	32.8M	29.5M
Net Invested Capital	190.7M	287.2M	416.7M	247.3M	201.0M	212.6M
Short Long Term Debt	277.1K	120.0K	174.1K	174.4K	30.6M	32.2M
Net Working Capital	138.7M	154.3M	223.9M	81.3M	11.1M	10.5M
Property Plant Equipment	8.8M	15.5M	42.1M	161.8M	186.1M	195.4M
Current Deferred Revenue	310.1K	2.7K	49.2K	418.0K	126.1K	157.4K
Capital Stock	233.2M	338.0M	458.7M	338.4M	367.5M	304.1M
Capital Lease Obligations	7.5M	5.3M	7.8M	4.8M	7.0M	6.4M
Property Plant And Equipment Gross	33.3M	111.6M	116.5M	155.7M	170.7M	116.1M

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Novonix Net Tangible Assets vs Net Working Capital Analysis

Net Tangible Assets vs Net Working Capital

Net Tangible Assets vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Working Capital

Novonix fundamental ratios Correlations

Novonix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Novonix fundamental ratios Accounts

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Additional Tools for Novonix Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Stockholder Equity	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Short Term Debt	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Cash
Total Liab	+ 0.98	Non Current Assets Total

Total Liab	- 0.98	Retained Earnings
Net Receivables	- 0.97	Retained Earnings
Property Plant And Equipment Net	- 0.96	Retained Earnings
Non Current Assets Total	- 0.95	Retained Earnings
Common Stock	- 0.94	Retained Earnings
Good Will	- 0.91	Non Currrent Assets Other