Novanta (NOVT) Debt Ratio (2010 - 2026)
Novanta's (NOVT) quarterly Debt Ratio came in at 0.13 in Q2 2026, down 52.34% YoY from 0.28 in Q2 2025, and down 3.32% on a QoQ basis from 0.14 in Q4 2025.
Novanta (NOVT) Debt Ratio (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Debt Ratio data on file, last reported at 0.13 in Q2 2026.
- Quarterly Debt Ratio fell 52.34% year-over-year to 0.13 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.13 (down 52.34% YoY) and the FY2025 annual result came in at 0.14, down 53.74% from the prior year.
- Debt Ratio fell to 0.13 in Q2 2026, from 0.14 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.37 in Q3 2022 to a low of 0.13 in Q2 2026.
- A 5-year average of 0.3 and a median of 0.32 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio jumped 54.31% — and 2025, when it slumped 53.74%.
- Tracing NOVT's Debt Ratio over 5 years: stood at 0.35 in 2022, then slipped by 17.62% to 0.29 in 2023, then advanced by 3.82% to 0.3 in 2024, then plunged by 53.74% to 0.14 in 2025, then slipped by 3.32% to 0.13 in 2026.
- The last three Debt Ratio figures came in at 0.13 (Q2 2026), 0.14 (Q4 2025), and 0.3 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | - |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 0.28 |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 0.18 |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 0.13 |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 0.91 |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 0.30 |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 0.17 |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | - |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | 0.04 |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | 0.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 0.11 |
| Apr 3, 2026 | 0.13 |
| Dec 31, 2025 | 0.14 |
| Sep 26, 2025 | 0.30 |
| Jun 27, 2025 | 0.30 |
| Mar 28, 2025 | 0.28 |
| Dec 31, 2024 | 0.30 |
| Sep 27, 2024 | 0.32 |
| Jun 28, 2024 | 0.34 |
| Mar 29, 2024 | 0.36 |
| Dec 31, 2023 | 0.29 |
| Sep 29, 2023 | 0.30 |
| Jun 30, 2023 | 0.33 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.35 |
| Sep 30, 2022 | 0.37 |
| Jul 1, 2022 | 0.34 |
| Apr 1, 2022 | 0.35 |
| Dec 31, 2021 | 0.35 |
| Oct 1, 2021 | 0.37 |