Novanta Inc Total Assets
Novanta Inc total assets. Based on the latest financial reports, Novanta Inc (NOVT) holds total assets worth $2.14 Billion USD as of June 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. Also see how much is Novanta Inc worth for the company's overall valuation and market capitalisation.
Total Assets of Novanta Inc (1998–2025)
Total assets of Novanta Inc from 1998 to 2025. This chart illustrates how Novanta Inc's total assets have evolved over time, based on quarterly financial data. See Novanta Inc stock price for real-time trading data and today's change.
Novanta Inc - Asset Composition Analysis
Novanta Inc Total Assets Breakdown (December 2025)
Novanta Inc total assets breakdown as of December 2025. Novanta Inc's total assets of $2.14 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. Explore Novanta Inc current assets vs equity to assess how much short-term liquidity the company maintains relative to its equity base.
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 |
|---|---|---|
|
Codan Ltd
AU:CDA
|
Australia | AU$912.27 Million |
|
Wuhan Guide Infrared Co Ltd
SHE:002414
|
China | CN¥11.67 Billion |
|
Hubei Jiuzhiyang Infrared System Co Ltd
SHE:300516
|
China | CN¥1.91 Billion |
|
Chengdu RML Technology Co. Ltd.
SHE:301050
|
China | CN¥3.77 Billion |
|
Oriental Times Media Corp
SHE:002175
|
China | CN¥983.41 Million |
|
Nanhua Instruments Co Ltd
SHE:300417
|
China | CN¥639.48 Million |
|
X2M Connect Ltd
AU:X2M
|
Australia | AU$4.78 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 | 4.57 | 2.54 | 1.88 |
| Quick Ratio | 3.79 | 1.62 | 1.24 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $877.65 Million | $280.16 Million | $165.34 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 | 3.38 |
| Latest Market Cap to Assets Ratio | 2.85 |
| Asset Growth Rate (YoY) | 30.1% |
| Total Assets | $1.81 Billion |
| Market Capitalization | $5.16 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Novanta Inc's assets at a significant premium (2.85x), 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