What is Novanta's quick ratio?

Novanta (NOVT) reported quick ratio of 2.7× in Q1 2026.

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

Novanta's quick ratio increased by 57.9% year-over-year, from 1.7× to 2.7×.

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

Over 5 years (2020 to 2025), Novanta's quick ratio has grown at a 8.6% compound annual growth rate (CAGR), from 1.9× to 2.8×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Novanta NOVT Quick ratio

Quick ratio at other companies

StrykerSYK

1.3×+0.3×

CoherentCOHR

2×+0.5×

Intuitive SurgicalISRG

3.6×-0.4×

Onto InnovationONTO

4.7×-2.1×

NordsonNDSN

1.6×0.0×

Globus MedicalGMED

3×+0.2×

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

See full

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.

quick assets/total current liabilities=2.7×

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 quick ratio?: Novanta (NOVT) reported quick ratio of 2.7× in Q1 2026.
How has Novanta's quick ratio changed year-over-year?: Novanta's quick ratio increased by 57.9% year-over-year, from 1.7× to 2.7×.
What is the long-term trend for Novanta's quick ratio?: Over 5 years (2020 to 2025), Novanta's quick ratio has grown at a 8.6% compound annual growth rate (CAGR), from 1.9× to 2.8×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.