Novanta Balance Sheet Health
Financial Health criteria checks 3/6
Novanta has a total shareholder equity of $742.2M and total debt of $457.5M, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are $1.4B and $676.6M respectively. Novanta's EBIT is $111.7M making its interest coverage ratio 3.7. It has cash and short-term investments of $92.7M.
Key information
61.6%
Debt to equity ratio
US$457.52m
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$92.69m |
| Equity | US$742.20m |
| Total liabilities | US$676.63m |
| Total assets | US$1.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1GSN's short term assets ($436.9M) exceed its short term liabilities ($156.6M).
Long Term Liabilities: 1GSN's short term assets ($436.9M) do not cover its long term liabilities ($520.0M).
Debt to Equity History and Analysis
Debt Level: 1GSN's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: 1GSN's debt to equity ratio has increased from 56.5% to 61.6% over the past 5 years.
Debt Coverage: 1GSN's debt is well covered by operating cash flow (29.7%).
Interest Coverage: 1GSN's interest payments on its debt are well covered by EBIT (3.7x coverage).