Novanta (NOVT) Interest Coverage Ratio (2010 - 2026)
Novanta's (NOVT) quarterly Interest Coverage Ratio came in at 1.86 in Q2 2026, down 67.58% YoY from 5.75 in Q2 2025, and down 64.83% on a QoQ basis from 5.3 in Q4 2025.
Novanta (NOVT) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Interest Coverage Ratio data on file, last reported at 1.86 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 67.58% year-over-year to 1.86 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 6.03 (up 37.6% YoY) and the FY2025 annual result came in at 4.17, up 23.08% from the prior year.
- Interest Coverage Ratio declined to 1.86 in Q2 2026, from 5.3 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 6.53 in Q3 2024 to a low of 0.35 in Q3 2025.
- A 5-year average of 4.32 and a median of 5.06 in 2022 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 114.7% — and 2025, when it tumbled 94.57%.
- Tracing NOVT's Interest Coverage Ratio over 5 years: stood at 5.06 in 2022, then decreased by 28.78% to 3.61 in 2023, then advanced by 1.51% to 3.66 in 2024, then surged by 44.69% to 5.3 in 2025, then slumped by 64.83% to 1.86 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.86 (Q2 2026), 5.3 (Q4 2025), and 0.35 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | - |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 16.28 |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | -23.87 |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 24.50 |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 6.61 |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | -5.93 |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 6.32 |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | - |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | - |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 0.28 |
| Apr 3, 2026 | 1.86 |
| Dec 31, 2025 | 5.30 |
| Sep 26, 2025 | 0.35 |
| Jun 27, 2025 | 0.75 |
| Mar 28, 2025 | 5.75 |
| Dec 31, 2024 | 3.66 |
| Sep 27, 2024 | 6.53 |
| Jun 28, 2024 | 5.10 |
| Mar 29, 2024 | 3.26 |
| Dec 31, 2023 | 3.61 |
| Sep 29, 2023 | 5.51 |
| Jun 30, 2023 | 6.13 |
| Mar 31, 2023 | 4.29 |
| Dec 31, 2022 | 5.06 |
| Sep 30, 2022 | 6.05 |
| Jul 1, 2022 | 4.91 |
| Apr 1, 2022 | 5.28 |
| Dec 31, 2021 | 9.61 |
| Oct 1, 2021 | 3.37 |