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Friday, 10/06/2023 4:25:54 PM

Friday, October 06, 2023 4:25:54 PM

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Is NOVONIX (ASX:NVX) Using Debt In A Risky Way?

Zooming in on the latest balance sheet data, we can see that NOVONIX had liabilities of US$6.22m due within 12 months and liabilities of US$72.7m due beyond that. On the other hand, it had cash of US$99.1m and US$2.33m worth of receivables due within a year. So it actually has US$22.5m more liquid assets than total liabilities.

October 05, 2023
https://simplywall.st/stocks/au/tech/asx-nvx/novonix-shares/news/is-novonix-asxnvx-using-debt-in-a-risky-way
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