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

Novanta's debt-to-equity ratio was 0.23 for fiscal 2025.

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Novanta annual debt-to-equity ratio history

Novanta annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20252025-12-310.23−0.40−63.53%
20242024-12-310.630.03+5.15%
20232023-12-310.60−0.25−29.10%
20222022-12-310.85−0.10−10.48%
20212021-12-310.950.41+76.94%
20202020-12-310.53−0.13−19.05%
20192019-12-310.660.08+13.37%
20182018-12-310.58−0.20−25.13%
20172017-12-310.780.45+134.28%
20162016-12-310.33−0.10−22.54%
20152015-12-310.43−0.15−25.79%
20142014-12-310.580.28+95.66%
20132013-12-310.300.08+34.62%
20122012-12-310.22−0.15−41.19%
20112011-12-310.37−0.23−38.13%
20102010-12-310.60

Novanta debt-to-equity ratio trends

Over the last five fiscal years, Novanta's debt-to-equity ratio decreased from 0.53 to 0.23, a change of −0.30. The latest reported quarter, Q2 2026, shows 0.18.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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