Novanta Debt-to-Assets Ratio Growth & History (NOVT)

Novanta's debt-to-assets ratio was 0.17 for fiscal 2025.

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Novanta annual debt-to-assets ratio history

Novanta annual debt-to-assets ratio

Fiscal yearPeriod endedDebt-to-assets ratioChangeGrowth
20252025-12-310.17−0.17−50.61%
20242024-12-310.340.01+2.80%
20232023-12-310.33−0.06−16.31%
20222022-12-310.39−0.01−1.88%
20212021-12-310.400.11+36.31%
20202020-12-310.29−0.02−6.99%
20192019-12-310.320.02+6.25%
20182018-12-310.30−0.04−10.63%
20172017-12-310.330.13+65.14%
20162016-12-310.20−0.05−19.90%
20152015-12-310.25−0.06−17.95%
20142014-12-310.310.12+62.94%
20132013-12-310.190.04+27.39%
20122012-12-310.15−0.08−33.80%
20112011-12-310.22−0.07−23.61%
20102010-12-310.29

Novanta debt-to-assets ratio trends

Over the last five fiscal years, Novanta's debt-to-assets ratio decreased from 0.29 to 0.17, a change of −0.13. The latest reported quarter, Q2 2026, shows 0.13.

About the metric

What the debt-to-assets ratio means

The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.

Calculation and source

How debt-to-assets is calculated

TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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