Novanta (NOVT) Debt Ratio (2010 - 2026)
Novanta's (NOVT) Debt Ratio came in at 0.11 for Q2 2026, down 64.7% from 0.30 a year earlier and down 20.0% from the prior quarter.
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Analysis
Novanta (NOVT) Debt Ratio (2010 - 2026) Analysis & Trends
For FY2025, Novanta's Debt Ratio stood at 0.14, down 53.7% from FY2024.
- In prior years, Novanta's Debt Ratio was 0.30 in FY2024 (+3.8%), 0.29 in FY2023 (-17.6%), 0.35 in FY2022 (-0.8%) and 0.35 in FY2021 (+52.7%).
- The Q2 2026 figure stands as the lowest quarterly Debt Ratio in data going back to Q4 2010.
- On a year-over-year basis, Debt Ratio has declined in each of the last six quarters, with an average decline of 24.9% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q3 2021, with growth of 63.8%; the weakest was Q2 2026, with a decline of 64.7%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.13 (Q1 2026), 0.14 (Q4 2025) and 0.30 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 324.43 Bn | 296.13 Bn | 7.76 Bn | 0.44 |
| 2 | Amphenol | 179.49 Bn | 174.07 Bn | 3.55 Bn | 0.42 |
| 3 | Deere | 172.48 Bn | 140.57 Bn | 4.66 Bn | 0.54 |
| 4 | Eaton | 143.71 Bn | 140.90 Bn | 2.86 Bn | 0.37 |
| 5 | Parker-Hannifin | 113.25 Bn | 111.37 Bn | 2.25 Bn | 0.28 |
| 6 | 3M | 90.32 Bn | 71.76 Bn | 2.78 Bn | 0.38 |
| 7 | Emerson Electric | 88.40 Bn | 81.14 Bn | 2.66 Bn | 0.31 |
| 8 | Illinois Tool Works | 79.47 Bn | 76.03 Bn | 1.90 Bn | 0.59 |
| 9 | Vertiv Holdings | 75.57 Bn | 66.19 Bn | 1.23 Bn | 0.18 |
| 10 | Novanta | 5.60 Bn | 4.02 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 |
API Access
Novanta Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NOVT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NOVT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NOVT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();