Novanta (NOVT) Debt/Equity Ratio: History & Chart

Novanta Inc.(NOVT)

Hardware, Equipment & Parts · Bedford, MA

$149.10-1.51 (-1.00%)

Delayed quote: Oct 6, 2026, 4:00 PM EDT

About Novanta Inc.

Operating globally, Novanta Inc. and its affiliated companies specialize in the development, production, and distribution of advanced photonics, vision, and precision motion components and sub-assemblies. These highly engineered solutions are supplied to Original Equipment Manufacturers (OEMs) across the medical and industrial sectors. Within its Photonics division, Novanta provides a suite of laser-driven technologies. These encompass systems for laser scanning, beam manipulation, and various laser types such as CO2, solid-state, ultrafast, and optical light engines. Their applications span critical areas like industrial manufacturing, precision measurement (metrology), advanced imaging in healthcare and biological research, DNA sequencing, and specialized medical laser treatments. The Vision segment delivers an array of medical-grade innovations. This portfolio comprises instruments like medical insufflators, pumps, and their associated consumables, alongside comprehensive visualization tools. It also features wireless communication systems, video recording devices, and integration platforms designed for operating theaters. Further offerings include optical data acquisition, machine vision systems, radio frequency identification (RFID) solutions, thermal recording devices, spectrometry equipment, and integrated touchscreen displays. Furthermore, the Precision Motion division specializes in supplying components such as optical and inductive encoders, high-precision motors, servo drives, and complete motion control systems. This segment also delivers integrated stepper motors, sophisticated robotic end-effectors, air bearings, and air bearing spindles. Novanta distributes its extensive product lines through various channels, including its dedicated direct sales team, value-added resellers, distribution partners, and system integrators. These offerings are available under well-known brand names such as Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind. Founded in 1968, the company operated as GSI Group, Inc. until its rebranding to Novanta Inc. in May 2016. Its corporate headquarters are located in Bedford, Massachusetts.

Bedford, MA

3,000 employees

www.novanta.com

Technology / Hardware, Equipment & Parts

Sector: Technology
Industry: Hardware, Equipment & Parts
CEO: Matthijs Glastra

View full financials

NOVT Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.17

DEBT TO EQUITY RATIO AVG TTM

0.32

DEBT TO EQUITY RATIO AVG 3Y

0.63

DEBT TO EQUITY RATIO AVG 5Y

0.76

DEBT TO EQUITY RATIO AVG 10Y

0.66

DEBT TO EQUITY RATIO AVG 15Y

0.56

DEBT TO EQUITY RATIO AVG 20Y

0.49

CURRENT VS TTM AVG

-45.62%

CURRENT VS 3Y AVG

-72.05%

CURRENT VS 5Y AVG

-77.13%

CURRENT VS 10Y AVG

-73.42%

CURRENT VS 15Y AVG

-68.75%

CURRENT VS 20Y AVG

-64.21%

SECTOR MEDIAN · TECHNOLOGY

0.17

median of 594 covered companies

CURRENT VS SECTOR MEDIAN

+2.92%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Novanta Inc. (NOVT)	$5.31B	0.17	0.32	0.63	0.76
Octave Intelligence plc (OCTV)vs ›	$5.30B	0.14	0.01	0.01	0.01
Science Applications International Corporation (SAIC)vs ›	$5.27B	1.88	1.66	1.52	1.58
Core Scientific, Inc. (CORZ)vs ›	$5.36B	N/A	0.45	0.32	0.32
ExlService Holdings, Inc. (EXLS)vs ›	$5.37B	0.56	0.42	0.39	0.42
Maase Inc. (MAAS)vs ›	$5.20B	0.00	0.12	0.12	0.09
ACI Worldwide, Inc. (ACIW)vs ›	$5.16B	0.57	0.62	0.75	0.82
Kulicke and Soffa Industries, Inc. (KLIC)vs ›	$5.12B	0.04	0.05	0.04	0.04
Open Text Corporation (OTEX)vs ›	$5.51B	1.49	1.59	1.77	1.52
Navan, Inc. (NAVN)vs ›	$5.10B	0.13	3.01	2.88	2.88

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Novanta Inc. (NOVT)

$5.31B

0.17

0.32

0.63

0.76

Octave Intelligence plc (OCTV)vs ›

$5.30B

0.14

0.01

Science Applications International Corporation (SAIC)vs ›

$5.27B

1.88

1.66

1.52

1.58

Core Scientific, Inc. (CORZ)vs ›

$5.36B

N/A

0.45

0.32

ExlService Holdings, Inc. (EXLS)vs ›

$5.37B

0.56

0.42

0.39

0.42

Maase Inc. (MAAS)vs ›

$5.20B

0.00

0.12

0.09

ACI Worldwide, Inc. (ACIW)vs ›

$5.16B

0.57

0.62

0.75

0.82

Kulicke and Soffa Industries, Inc. (KLIC)vs ›

$5.12B

0.04

0.05

0.04

Open Text Corporation (OTEX)vs ›

$5.51B

1.49

1.59

1.77

1.52

Navan, Inc. (NAVN)vs ›

$5.10B

0.13

3.01

2.88

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Novanta Inc. (NOVT)?

The debt to equity ratio for NOVT stock is 0.17.

Is Novanta Inc.'s debt to equity ratio high or low?

The debt to equity ratio of 0.17 is 77% below its 5-year average of 0.76, near the low end of its 5-year range (0.17–1.00).

What is the TTM average debt to equity ratio for Novanta Inc. (NOVT)?

The TTM average debt to equity ratio for NOVT stock is 0.32.

What is the 3Y average debt to equity ratio for Novanta Inc. (NOVT)?

The 3Y average debt to equity ratio for NOVT stock is 0.63.

What is the 5Y average debt to equity ratio for Novanta Inc. (NOVT)?

The 5Y average debt to equity ratio for NOVT stock is 0.76.

What is the 10Y average debt to equity ratio for Novanta Inc. (NOVT)?

The 10Y average debt to equity ratio for NOVT stock is 0.66.

What is the 15Y average debt to equity ratio for Novanta Inc. (NOVT)?

The 15Y average debt to equity ratio for NOVT stock is 0.56.

What is the 20Y average debt to equity ratio for Novanta Inc. (NOVT)?

The 20Y average debt to equity ratio for NOVT stock is 0.49.

DATE	DEBT TO EQUITY RATIO
2026-07-03	0.17
2026-04-03	0.22
2025-12-31	0.26
2025-09-26	0.63
2025-06-27	0.64
2025-03-28	0.57
2024-12-31	0.63
2024-09-27	0.69
2024-06-28	0.77
2024-03-29	0.84
2023-12-31	0.60
2023-09-29	0.63
2023-06-30	0.74
2023-03-31	0.80
2022-12-31	0.85
2022-09-30	0.92
2022-07-01	0.87
2022-04-01	0.89
2021-12-31	0.95
2021-10-01	1.00
2021-07-02	0.48
2021-04-02	0.49
2020-12-31	0.53
2020-10-02	0.55
2020-07-03	0.63
2020-04-03	0.64
2019-12-31	0.66
2019-09-27	0.69
2019-06-28	0.68
2019-03-29	0.63
2018-12-31	0.56
2018-09-28	0.71
2018-06-29	0.73
2018-03-30	0.73
2017-12-31	0.75
2017-09-29	0.81
2017-06-30	0.39
2017-03-31	0.43
2016-12-31	0.33
2016-09-30	0.31
2016-07-01	0.38
2016-04-01	0.42
2015-12-31	0.43
2015-10-02	0.49
2015-07-03	0.54
2015-04-03	0.63
2014-12-31	0.58
2014-09-26	0.49
2014-06-27	0.55
2014-03-28	0.56
2013-12-31	0.30
2013-09-27	0.34
2013-06-28	0.42
2013-03-29	0.46
2012-12-31	0.22
2012-09-28	0.22
2012-06-29	0.24
2012-03-30	0.26
2011-12-31	0.33
2011-09-30	0.35
2011-07-01	0.54
2011-04-01	0.58
2010-12-31	0.60
2010-10-01	0.59
2010-07-02	0.00
2010-04-02	0.00
2009-12-31	0.00
2009-10-02	1.58
2009-07-03	1.45
2009-04-03	1.39
2008-12-31	1.21
2008-09-26	0.52
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	0.04

DATE

DEBT TO EQUITY RATIO

2026-07-03

0.17

2026-04-03

0.22

2025-12-31

0.26

2025-09-26

0.63

2025-06-27

0.64

2025-03-28

0.57

2024-12-31

0.63

2024-09-27

0.69

2024-06-28

0.77

2024-03-29

0.84

2023-12-31

0.60

2023-09-29

0.63

2023-06-30

0.74

2023-03-31

0.80

2022-12-31

0.85

2022-09-30

0.92

2022-07-01

0.87

2022-04-01

0.89

2021-12-31

0.95

2021-10-01

1.00

2021-07-02

0.48

2021-04-02

0.49

2020-12-31

0.53

2020-10-02

0.55

2020-07-03

0.63

2020-04-03

0.64

2019-12-31

0.66

2019-09-27

0.69

2019-06-28

0.68

2019-03-29

0.63

2018-12-31

0.56

2018-09-28

0.71

2018-06-29

0.73

2018-03-30

0.73

2017-12-31

0.75

2017-09-29

0.81

2017-06-30

0.39

2017-03-31

0.43

2016-12-31

0.33

2016-09-30

0.31

2016-07-01

0.38

2016-04-01

0.42

2015-12-31

0.43

2015-10-02

0.49

2015-07-03

0.54

2015-04-03

0.63

2014-12-31

0.58

2014-09-26

0.49

2014-06-27

0.55

2014-03-28

0.56

2013-12-31

0.30

2013-09-27

0.34

2013-06-28

0.42

2013-03-29

0.46

2012-12-31

0.22

2012-09-28

0.22

2012-06-29

0.24

2012-03-30

0.26

2011-12-31

0.33

2011-09-30

0.35

2011-07-01

0.54

2011-04-01

0.58

2010-12-31

0.60

2010-10-01

0.59

2010-07-02

0.00

2010-04-02

0.00

2009-12-31

0.00

2009-10-02

1.58

2009-07-03

1.45

2009-04-03

1.39

2008-12-31

1.21

2008-09-26

0.52

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

0.04

Debt to Equity Ratio: 0.17

NOVT Debt to Equity Ratio

NOVT Average Debt to Equity Ratio Chart

NOVT Current vs Average Debt to Equity Ratio Chart

NOVT Debt to Equity Ratio Metrics

NOVT Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

NOVT Debt to Equity Ratio History

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