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Novelis Inc   (NVLCN)
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Novelis Inc 's Tangible Leverage Ratio

NVLCN's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to repayements of liabilities of -2.47% Novelis Inc improved Tangible Leverage Ratio in third quarter 2023 to 4.53, below the company's average Tangible Leverage Ratio.

Within Miscellaneous Fabricated Products industry in the third quarter 2023, 5 other companies have achieved lower Tangible Leverage Ratio than Novelis Inc in the III Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the third quarter 2023 to 375, from total ranking in the second quarter 2023 at 2325 .

Explain Tangible Leverage Ratio?
What is NVLCN Market Share?
What are NVLCN´s Total Liabilities?


NVLCN Tangible Leverage Ratio (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Tangible Equity Change 41.81 % 33.02 % 24.71 % 122.24 % 109.78 %
Y / Y Total Liabilities Change -4.83 % -8.32 % -10.94 % -14.49 % -6.67 %
Tangible Leverage Ratio MRQ 4.53 5.27 5.12 5.94 6.74
NVLCN's Total Ranking # 375 # 2325 # 1038 # 2916 # 238
Seq. Tangible Equity Change 13.62 % -3.74 % 15.09 % 12.66 % 6.58 %
Seq. Total Liabilities Change -2.47 % -0.83 % -0.89 % -0.71 % -6.04 %



Tangible Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Miscellaneous Fabricated Products Industry # 6
Basic Materials Sector # 30
Overall Market # 375


Tangible Leverage Ratio Statistics
High Average Low
76.23 12.34 2.62
(Jun 30 2017)   (Dec 31 2023)




Financial Statements
Novelis Inc 's Tangible Equity $ 2,252 Millions Visit NVLCN's Balance sheet
Novelis Inc 's Total Liabilities $ 10,193 Millions Visit NVLCN's Balance sheet
Source of NVLCN's Sales Visit NVLCN's Sales by Geography


Cumulative Novelis Inc 's Tangible Leverage Ratio

NVLCN's Tangible Leverage Ratio for the trailling 12 Months

NVLCN Tangible Leverage Ratio

(Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Tangible Equity TTM Growth 41.81 % 33.02 % 24.71 % 122.24 % 109.78 %
Y / Y Total Liabilities TTM Growth -4.83 % -8.32 % -10.94 % -14.49 % -6.67 %
Tangible Leverage Ratio TTM 5.17 5.71 6.25 6.84 8.38
Total Ranking TTM # 1638 # 2596 # 2729 # # 3210
Seq. Tangible Equity TTM Growth 13.62 % -3.74 % 15.09 % 12.66 % 6.58 %
Seq. Total Liabilities TTM Growth -2.47 % -0.83 % -0.89 % -0.71 % -6.04 %


On the trailing twelve months basis Due to repayements of liabilities of -2.47% Novelis Inc decreased Tangible Leverage Ratio in the 12 months ending in III Quarter 2023 to 5.17, above the Novelis Inc 's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Miscellaneous Fabricated Products industry only one has achieved lower Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 6, from total ranking in previous 12 month period at 27.

Explain Tangible Leverage Ratio?
What is NVLCN Market Share?
What are NVLCN´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Miscellaneous Fabricated Products Industry # 2
Basic Materials Sector # 15
Within the Market # 375


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
18.77 4.15 0.31
(Dec 31 2017)   (Mar 31 2022)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Miscellaneous Fabricated Products Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Timken Co  11.79 $ 3,553.900  Millions$ 301.400  Millions
Weatherford International Plc  7.19 $ 3,967.000  Millions$ 552.000  Millions
Novelis Inc   4.53 $ 10,193.000  Millions$ 2,252.000  Millions
Valmont Industries Inc   3.72 $ 2,123.168  Millions$ 570.629  Millions
Generac Holdings Inc   3.11 $ 2,750.242  Millions$ 883.559  Millions
American Superconductor Corp  2.98 $ 86.818  Millions$ 29.147  Millions
Baker Hughes Company  2.73 $ 14,450.000  Millions$ 5,289.000  Millions
Tredegar Corporation  2.64 $ 290.808  Millions$ 110.085  Millions
Technipfmc Plc  2.54 $ 6,519.900  Millions$ 2,570.500  Millions
Mueller Water Products Inc   2.39 $ 726.500  Millions$ 303.600  Millions
Crane Company  1.59 $ 833.100  Millions$ 524.700  Millions
Apogee Enterprises Inc   1.41 $ 369.071  Millions$ 262.504  Millions

Date modified: 2024-02-12T17:02:59+00:00



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