What is Novanta's current ratio?

Novanta (NOVT) reported current ratio of 3.6× in Q1 2026.

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

Novanta's current ratio increased by 39.2% year-over-year, from 2.6× to 3.6×.

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

Over 5 years (2020 to 2025), Novanta's current ratio has grown at a 6.7% compound annual growth rate (CAGR), from 2.7× to 3.7×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Novanta NOVT Current ratio

Current ratio at other companies

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2.1×+0.5×

CoherentCOHR

3×+0.6×

Intuitive SurgicalISRG

4.6×-0.4×

Onto InnovationONTO

6.2×-2.3×

NordsonNDSN

2.6×0.0×

Globus MedicalGMED

4.6×+0.1×

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×

Where this comes from

Calculated from Novanta’s reported figures.

total current assets/total current liabilities=3.6×

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 current ratio?: Novanta (NOVT) reported current ratio of 3.6× in Q1 2026.
How has Novanta's current ratio changed year-over-year?: Novanta's current ratio increased by 39.2% year-over-year, from 2.6× to 3.6×.
What is the long-term trend for Novanta's current ratio?: Over 5 years (2020 to 2025), Novanta's current ratio has grown at a 6.7% compound annual growth rate (CAGR), from 2.7× to 3.7×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.