Novanta Inc (NOVT) - Total Assets
Based on the latest financial reports, Novanta Inc (NOVT) holds total assets worth $1.80 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore how well can Novanta Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Novanta Inc - Total Assets Trend (1998–2025)
This chart illustrates how Novanta Inc's total assets have evolved over time, based on quarterly financial data. See net assets of Novanta Inc for net asset value and shareholders' equity analysis.
Novanta Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
Novanta Inc's total assets of $1.80 Billion consist of 43.3% current assets and 56.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 21.1% |
| Accounts Receivable | $184.88 Million | 10.2% |
| Inventory | $188.28 Million | 10.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $180.78 Million | 10.0% |
| Goodwill | $647.35 Million | 35.8% |
Asset Composition Trend (1998–2025)
This chart illustrates how Novanta Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market cap of Novanta Inc.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Novanta Inc's current assets represent 43.3% of total assets in 2025, a decrease from 74.8% in 1998.
- Cash Position: Cash and equivalents constituted 21.1% of total assets in 2025, up from 15.9% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 45.0% of total assets, an increase from 2.0% in 1998.
- Asset Diversification: The largest asset category is goodwill at 35.8% of total assets.
Novanta Inc Competitors by Total Assets
Key competitors of Novanta Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Queclink Wireless Solutions Co Ltd
SHE:300590
|
China | CN¥2.22 Billion |
|
Jiangxi Everbright Measurement Cont
SHE:300906
|
China | CN¥1.06 Billion |
|
Huizhong Instrumentation Co Ltd
SHE:300371
|
China | CN¥1.29 Billion |
|
STRUCT.MONIT.SYSCDIS
F:RJP
|
Germany | €32.82 Million |
|
Groupe Tera SA
PA:ALGTR
|
France | €15.09 Million |
|
X2M Connect Ltd
AU:X2M
|
Australia | AU$4.78 Million |
|
Codan Ltd
AU:CDA
|
Australia | AU$912.27 Million |
|
Catapult Group International Ltd
AU:CAT
|
Australia | AU$218.31 Million |
Novanta Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.56 | 2.56 | 2.65 |
| Quick Ratio | 2.69 | 1.70 | 1.90 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $566.01 Million | $264.55 Million | $209.19 Million |
Novanta Inc - Advanced Valuation Insights
This section examines the relationship between Novanta Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 4.46 |
| Latest Market Cap to Assets Ratio | 2.81 |
| Asset Growth Rate (YoY) | 30.1% |
| Total Assets | $1.81 Billion |
| Market Capitalization | $5.08 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Novanta Inc's assets at a significant premium (2.81x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Novanta Inc's assets grew by 30.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Novanta Inc (1998–2025)
The table below shows the annual total assets of Novanta Inc from 1998 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $1.81 Billion | +30.15% |
| 2024-12-31 | $1.39 Billion | +13.25% |
| 2023-12-31 | $1.23 Billion | -1.22% |
| 2022-12-31 | $1.24 Billion | +1.09% |
| 2021-12-31 | $1.23 Billion | +41.92% |
| 2020-12-31 | $865.18 Million | -0.52% |
| 2019-12-31 | $869.74 Million | +20.87% |
| 2018-12-31 | $719.58 Million | -0.98% |
| 2017-12-31 | $726.70 Million | +70.73% |
| 2016-12-31 | $425.64 Million | +2.31% |
| 2015-12-31 | $416.05 Million | +4.63% |
| 2014-12-31 | $397.62 Million | +4.97% |
| 2013-12-31 | $378.81 Million | +12.25% |
| 2012-12-31 | $337.46 Million | -3.17% |
| 2011-12-31 | $348.50 Million | -9.87% |
| 2010-12-31 | $386.67 Million | -25.69% |
| 2009-12-31 | $520.32 Million | 0.00% |
| 2008-12-31 | $520.32 Million | +18.20% |
| 2007-12-31 | $440.21 Million | +7.00% |
| 2006-12-31 | $411.40 Million | +10.17% |
| 2005-12-31 | $373.44 Million | -3.29% |
| 2004-12-31 | $386.16 Million | +25.14% |
| 2003-12-31 | $308.60 Million | +3.87% |
| 2002-12-31 | $297.09 Million | -11.76% |
| 2001-12-31 | $336.69 Million | -21.92% |
| 2000-12-31 | $431.18 Million | +48.84% |
| 1999-12-31 | $289.70 Million | +89.97% |
| 1998-12-31 | $152.50 Million | -- |
About Novanta Inc
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets la… Read more