Novanta (NOVT) Debt Ratio (2010 - 2026)
Novanta's (NOVT) quarterly Debt Ratio came in at 0.11 in Q3 2026, down 64.68% on a YoY basis from 0.3 in Q3 2025, and down 20.01% quarter-over-quarter from 0.13 in Q2 2026.
Analysis
Novanta (NOVT) Debt Ratio (2010 - 2026) Analysis & Trends
Novanta (NOVT) has reported Debt Ratio for 17 consecutive years, with 0.11 the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Debt Ratio fell 64.68% year-over-year to 0.11; the trailing twelve-month figure through Jul 2026 stood at 0.11 (down 64.68% YoY), and the FY2025 full-year result was 0.14, down 53.74% from the prior year.
- Debt Ratio retreated to 0.11 in Q3 2026 per NOVT's latest filing, from 0.13 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.37 in Q3 2022 and bottomed at 0.11 in Q3 2026.
- Historically, Debt Ratio has averaged 0.29 across 5 years, with a median of 0.31 in 2024.
- The sharpest annual moves came in 2022 and 2026: Debt Ratio surged 54.31% in 2022, then plunged 64.68% in 2026.
- Over 5 years, Debt Ratio stood at 0.35 in 2022, then declined by 17.62% to 0.29 in 2023, then grew by 3.82% to 0.3 in 2024, then slumped by 53.74% to 0.14 in 2025, then declined by 22.67% to 0.11 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.11, 0.13, and 0.14 for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.63 Bn | 81.30 Bn | 2.68 Bn | 0.36 |
| 2 | Illinois Tool Works | 75.96 Bn | 75.12 Bn | 1.90 Bn | 0.59 |
| 3 | Ametek | 53.68 Bn | 53.19 Bn | 735.04 Mn | 0.12 |
| 4 | Rockwell Automation | 46.83 Bn | 46.35 Bn | 1.14 Bn | 0.36 |
| 5 | Mettler Toledo International | 25.77 Bn | 25.72 Bn | 650.22 Mn | 0.58 |
| 6 | Dover | 25.23 Bn | 23.47 Bn | 880.61 Mn | 0.34 |
| 7 | Nordson | 17.11 Bn | 17.00 Bn | 453.73 Mn | 0.32 |
| 8 | Fortive | 16.56 Bn | 16.19 Bn | 695.30 Mn | 0.30 |
| 9 | RBC Bearings | 15.05 Bn | 14.92 Bn | 247.80 Mn | 0.16 |
| 10 | Novanta | 5.90 Bn | 5.18 Bn | 120.92 Mn | 0.11 |
Historic Data
Download Data
Historic 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 |