Novanta Inc (NOVT)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 411,949 | 452,502 | 477,113 | 508,858 | 349,404 | 347,879 | 403,586 | 418,535 | 430,662 | 438,447 | 402,679 | 412,521 | 429,361 | 441,831 | 186,866 | 186,145 | 194,927 | 188,089 | 211,946 | 206,752 |
| Total stockholders’ equity | US$ in thousands | 745,698 | 742,195 | 701,992 | 681,715 | 673,460 | 644,856 | 626,030 | 598,017 | 577,586 | 542,202 | 532,169 | 534,693 | 521,291 | 500,113 | 493,064 | 476,123 | 476,809 | 451,249 | 431,898 | 413,103 |
| Debt-to-equity ratio | 0.55 | 0.61 | 0.68 | 0.75 | 0.52 | 0.54 | 0.64 | 0.70 | 0.75 | 0.81 | 0.76 | 0.77 | 0.82 | 0.88 | 0.38 | 0.39 | 0.41 | 0.42 | 0.49 | 0.50 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $411,949K ÷ $745,698K
= 0.55
Novanta Inc's debt-to-equity ratio has shown a decreasing trend from 0.50 as of March 31, 2020, to 0.55 as of December 31, 2024. The ratio decreased consistently over the first few years, reaching a low of 0.38 by June 30, 2021. However, the ratio started to increase again from September 30, 2021, and reached a peak of 0.88 by September 30, 2021. Subsequently, there was fluctuation in the ratio, with some periods showing a decrease and others an increase. Overall, the company's debt-to-equity ratio indicates a moderate level of leverage, with fluctuations in the later years of the data period.
Peer comparison
Dec 31, 2024