Is it safe?
Can NOVT take a bad year?
Novanta Inc. holds $147M more cash than debt, so a bad year is a question about profits, not about lenders.
$147M
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Altman Z-score
- 8.30
Altman Z-score · safe zone, above 3
- Debt / equity
- 0.18×
Debt / equity
Details›
- Total debtQ1 2026
- $241M
- Cash and short-term investments
- $389M
- Net cash
- $147M
- EBITDA, trailing twelve months
- $152M
- Operating profit, trailing twelve months
- $89M
- Debt / equity
- 0.18×
- Total debt / EBITDA
- 1.59×
- Annualised volatilitytwo years of daily moves
- 46%
- Worst drawdown on file
- −47%
- Below its 52-week high
- −15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Scientific & Technical Instruments
Ranks #16 of 16 by Smart Score