To calculate the voltage Vx in a Thevenin circuit, first determine the current flowing through the resistors using Kirchhoff's Voltage Law (KVL). The 12A current flows only through the 4-ohm resistor, allowing the calculation of Vy, while the 9A current generator directs current into the 12-ohm resistor to find I1 and Va. Vx is then derived by algebraically adding Va and Vy, and Vth is found by adding Vx to the 12V voltage source. The Thevenin resistance (Rth) is calculated by shorting the voltage source and opening the current sources. Understanding these steps clarifies how to approach voltage calculations in Thevenin circuits.