Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 13.22% is 64% below its 5-year average of 37.15%, near the low end of its 5-year range (13.22%–41.44%).
As of the fiscal period ended Friday, July 3, 2026. 35.38% below its 12-month average of 20.46%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-07-03): 13.22%.
DEBT TO ASSETS RATIO
13.22%
DEBT TO ASSETS RATIO AVG TTM
20.46%
DEBT TO ASSETS RATIO AVG 3Y
35.04%
DEBT TO ASSETS RATIO AVG 5Y
37.15%
DEBT TO ASSETS RATIO AVG 10Y
32.46%
DEBT TO ASSETS RATIO AVG 15Y
28.85%
DEBT TO ASSETS RATIO AVG 20Y
25.31%
CURRENT VS TTM AVG
-35.38%
CURRENT VS 3Y AVG
-62.27%
CURRENT VS 5Y AVG
-64.42%
CURRENT VS 10Y AVG
-59.28%
CURRENT VS 15Y AVG
-54.19%
CURRENT VS 20Y AVG
-47.77%
SECTOR MEDIAN · TECHNOLOGY
0.13%
median of 644 covered companies
CURRENT VS SECTOR MEDIAN
+10068.06%
vs the sector median at left
Novanta Inc.
Market Cap
$5.31B
Debt to Assets Ratio
13.22%
TTM Avg
20.46%
3Y Avg
35.04%
5Y Avg
37.15%
Market Cap
$5.29B
Debt to Assets Ratio
0.10%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.27B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.36B
Debt to Assets Ratio
0.82%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.37B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.12B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.51B
Debt to Assets Ratio
0.46%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novanta Inc. (NOVT) | $5.31B | 13.22% | 20.46% | 35.04% | 37.15% |
| Octave Intelligence plc (OCTV)vs › | $5.29B | 0.10% | N/A | N/A | N/A |
| Science Applications International Corporation (SAIC)vs › | $5.27B | 0.50% | N/A | N/A | N/A |
| Core Scientific, Inc. (CORZ)vs › | $5.36B | 0.82% | N/A | N/A | N/A |
| ExlService Holdings, Inc. (EXLS)vs › | $5.37B | 0.28% | N/A | N/A | N/A |
| Maase Inc. (MAAS)vs › | $5.20B | 0.00% | N/A | N/A | N/A |
| ACI Worldwide, Inc. (ACIW)vs › | $5.16B | 0.27% | N/A | N/A | N/A |
| Kulicke and Soffa Industries, Inc. (KLIC)vs › | $5.12B | 0.03% | N/A | N/A | N/A |
| Open Text Corporation (OTEX)vs › | $5.51B | 0.46% | N/A | N/A | N/A |
| Navan, Inc. (NAVN)vs › | $5.10B | 0.09% | N/A | N/A | N/A |
Debt/Assets
13.2%
Debt/Equity
0.17
Current Ratio
4.57
Interest Coverage
5.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-07-03 | 13.22% |
| 2026-04-03 | 16.15% |
| 2025-12-31 | 18.90% |
| 2025-09-26 | 33.56% |
| 2025-06-27 | 33.98% |
| 2025-03-28 | 31.94% |
| 2024-12-31 | 33.92% |
| 2024-09-27 | 36.25% |
| 2024-06-28 | 38.41% |
| 2024-03-29 | 40.43% |
| 2023-12-31 | 33.00% |
| 2023-09-29 | 33.84% |
| 2023-06-30 | 37.49% |
| 2023-03-31 | 38.82% |
| 2022-12-31 | 39.43% |
| 2022-09-30 | 41.15% |
| 2022-07-01 | 38.41% |
| 2022-04-01 | 39.35% |
| 2021-12-31 | 40.18% |
| 2021-10-01 | 41.44% |
| 2021-07-02 | 27.00% |
| 2021-04-02 | 27.52% |
| 2020-12-31 | 29.48% |
| 2020-10-02 | 28.80% |
| 2020-07-03 | 31.44% |
| 2020-04-03 | 31.45% |
| 2019-12-31 | 31.70% |
| 2019-09-27 | 32.60% |
| 2019-06-28 | 33.40% |
| 2019-03-29 | 31.55% |
| 2018-12-31 | 28.82% |
| 2018-09-28 | 33.77% |
| 2018-06-29 | 32.01% |
| 2018-03-30 | 31.78% |
| 2017-12-31 | 32.29% |
| 2017-09-29 | 34.76% |
| 2017-06-30 | 21.73% |
| 2017-03-31 | 23.58% |
| 2016-12-31 | 20.21% |
| 2016-09-30 | 19.11% |
| 2016-07-01 | 22.99% |
| 2016-04-01 | 24.76% |
| 2015-12-31 | 25.23% |
| 2015-10-02 | 27.37% |
| 2015-07-03 | 29.03% |
| 2015-04-03 | 31.94% |
| 2014-12-31 | 30.65% |
| 2014-09-26 | 27.05% |
| 2014-06-27 | 28.93% |
| 2014-03-28 | 30.09% |
| 2013-12-31 | 18.88% |
| 2013-09-27 | 20.74% |
| 2013-06-28 | 24.42% |
| 2013-03-29 | 25.76% |
| 2012-12-31 | 14.82% |
| 2012-09-28 | 13.90% |
| 2012-06-29 | 15.32% |
| 2012-03-30 | 16.26% |
| 2011-12-31 | 19.51% |
| 2011-09-30 | 20.70% |
| 2011-07-01 | 28.15% |
| 2011-04-01 | 28.96% |
| 2010-12-31 | 29.30% |
| 2010-10-01 | 27.09% |
| 2010-07-02 | 0.00% |
| 2010-04-02 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-10-02 | 41.59% |
| 2009-07-03 | 40.47% |
| 2009-04-03 | 38.88% |
| 2008-12-31 | 35.58% |
| 2008-09-26 | 23.41% |
| 2008-06-27 | 0.00% |
| 2008-03-28 | 0.00% |
| 2007-12-31 | 0.00% |
| 2007-09-28 | 0.00% |
| 2007-06-29 | 0.00% |
| 2007-03-30 | 0.00% |
| 2006-12-31 | 0.00% |
| 2006-09-29 | 0.00% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2005-12-31 | 0.00% |
| 2005-09-30 | 0.00% |
| 2005-07-01 | 0.00% |
| 2005-04-01 | 0.00% |
| 2004-12-31 | 0.00% |
| 2004-10-01 | 0.00% |
| 2004-07-02 | 0.00% |
| 2004-04-02 | 0.00% |
| 2003-12-31 | 0.00% |
| 2003-09-26 | 0.00% |
| 2003-06-27 | 0.00% |
| 2003-03-28 | 0.00% |
| 2002-12-31 | 0.00% |
| 2002-09-27 | 3.27% |
