Novanta Balance Sheet Health
Financial Health criteria checks 6/6
Novanta has a total shareholder equity of $673.5M and total debt of $354.4M, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are $1.2B and $552.6M respectively. Novanta's EBIT is $117.5M making its interest coverage ratio 4.6. It has cash and short-term investments of $105.1M.
Key information
52.6%
Debt to equity ratio
US$354.37m
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$105.05m |
| Equity | US$673.46m |
| Total liabilities | US$552.60m |
| Total assets | US$1.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVT N's short term assets ($415.3M) exceed its short term liabilities ($139.2M).
Long Term Liabilities: NOVT N's short term assets ($415.3M) exceed its long term liabilities ($413.4M).
Debt to Equity History and Analysis
Debt Level: NOVT N's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: NOVT N's debt to equity ratio has reduced from 56.3% to 52.6% over the past 5 years.
Debt Coverage: NOVT N's debt is well covered by operating cash flow (33.9%).
Interest Coverage: NOVT N's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/10 04:06 |
| End of Day Share Price | 2024/01/12 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Novanta Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Mason | Baird |
| Ishan Majumdar | Baptista Research |
| Andrew Buscaglia | Berenberg |