What is Novanta's cash ratio?

Novanta (NOVT) reported cash ratio of 1.8× in Q1 2026.

How has Novanta's cash ratio changed year-over-year?

Novanta's cash ratio increased by 181.6% year-over-year, from 0.6× to 1.8×.

What is the long-term trend for Novanta's cash ratio?

Over 5 years (2020 to 2025), Novanta's cash ratio has grown at a 10.4% compound annual growth rate (CAGR), from 1.1× to 1.8×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Novanta NOVT Cash ratio

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0.5×+0.2×

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1.1×0.0×

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1.1×-0.6×

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1.2×0.0×

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0.2×0.0×

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Other financials

Income statement

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Revenue$257.7M+10.4%

Gross profit$113.6M+8.8%

Operating income$27.5M-15.1%

Net income$21.1M-0.5%

EPS (diluted)$0.51-13.6%

Balance sheet

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Cash & equivalents$388.8M+267%

Total debt$291.3M-34.2%

Total equity$1.3B+70.3%

Total assets$1.8B+29.9%

Cash flow

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Operating cash flow$51.6M+62.9%

CapEx$4.1M-3.4%

Free cash flow$47.5M+73.2%

Valuation

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Market cap$5.53B-8.3%

Profitability

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Gross margin44.2%-0.5pp

Operating margin8.9%-3.5pp

Net margin5.3%-2.1pp

FCF margin6.8%-8.1pp

Returns & leverage

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Return on equity5.2%-4.6pp

Debt / equity0.2×-0.4×

Current ratio3.6×+1.0×

Where this comes from

Calculated from Novanta’s reported figures.

cash and equivalents/total current liabilities=1.8×

Based on the most recent quarter.

The official record: Novanta’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's cash ratio?: Novanta (NOVT) reported cash ratio of 1.8× in Q1 2026.
How has Novanta's cash ratio changed year-over-year?: Novanta's cash ratio increased by 181.6% year-over-year, from 0.6× to 1.8×.
What is the long-term trend for Novanta's cash ratio?: Over 5 years (2020 to 2025), Novanta's cash ratio has grown at a 10.4% compound annual growth rate (CAGR), from 1.1× to 1.8×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.