Novanta Inc.

Novanta Inc.verified

NOVT

Price:

$152.49

Market Cap:

$5.48B

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and rel...[Read more]

Industry

Hardware, Equipment & Parts

IPO Date

1999-03-24

Stock Exchange

NASDAQ

Ticker

NOVT

The Current Ratio as of December 2024 (TTM) for Novanta Inc. (NOVT) is 2.79

According to Novanta Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.79. This represents a change of -1.88% compared to the average of 2.84 of the last 4 quarters.

Novanta Inc. (NOVT) Historical Current Ratio (quarterly & annually)

How has NOVT Current Ratio performed in the past?

The mean historical Current Ratio of Novanta Inc. over the last ten years is 2.76. The current 2.79 Current Ratio has changed 10.01% with respect to the historical average. Over the past ten years (40 quarters), NOVT's Current Ratio was at its highest in in the October 2015 quarter at 3.54. The Current Ratio was at its lowest in in the October 2021 quarter at 1.88.

Quarterly (TTM)
Annual

Average

2.76

Median

2.77

Minimum

2.03

Maximum

3.38

Novanta Inc. (NOVT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Novanta Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 25.77%

Maximum Annual Current Ratio = 3.38

Minimum Annual Increase = -23.68%

Minimum Annual Current Ratio = 2.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.9816.74%
20222.5625.77%
20212.03-23.68%
20202.6617.92%
20192.26-16.49%
20182.70-7.78%
20172.933.75%
20162.83-13.09%
20153.25-3.83%
20143.381.67%

Novanta Inc. (NOVT) Average Current Ratio

How has NOVT Current Ratio performed in the past?

The current Current Ratio of Novanta Inc. (NOVT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.52

5-year avg

2.50

10-year avg

2.76

Novanta Inc. (NOVT) Current Ratio vs. Peers

How is NOVT’s Current Ratio compared to its peers?

Novanta Inc.’s Current Ratio is less than Mesa Laboratories, Inc. (0), greater than Itron, Inc. (0.70), less than Fortive Corporation (3.36), greater than Vishay Precision Group, Inc. (1.25), less than ESCO Technologies Inc. (4.41), greater than Sono-Tek Corporation (1.91), less than Badger Meter, Inc. (3.33), less than Vontier Corporation (4.10), greater than Sensata Technologies Holding plc (1.64), greater than null (2.60),

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