Novanta Inc (NOVT) — Working Capital to Net Assets Ratio
Novanta Inc (NOVT) has a Working Capital to Net Assets ratio of 43.2% as of March 2026. Working capital of $566.01 Million (current assets of $786.80 Million minus current liabilities of $220.79 Million) is measured against net assets of $1.31 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Novanta Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Novanta Inc Working Capital to Net Assets (1998–2025)
This chart shows how Novanta Inc's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at 43.2%, reflecting working capital of $566.01 Million against net assets of $1.31 Billion USD. See how many days can Novanta Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Novanta Inc (1998–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Novanta Inc from 1998 to 2025, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market value of Novanta Inc.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 43.4% | $570.23 Million | $1.31 Billion | $782.60 Million | $212.37 Million | ▲ +7.7 pp |
| 2024 | 35.7% | $265.86 Million | $745.70 Million | $433.65 Million | $167.79 Million | ▼ -5.3 pp |
| 2023 | 41.0% | $276.12 Million | $673.46 Million | $415.30 Million | $139.18 Million | ▼ -3.3 pp |
| 2022 | 44.3% | $256.00 Million | $577.59 Million | $420.52 Million | $164.52 Million | ▲ +7.9 pp |
| 2021 | 36.4% | $189.89 Million | $521.29 Million | $373.82 Million | $183.94 Million | ▼ -3.4 pp |
| 2020 | 39.8% | $189.94 Million | $476.81 Million | $304.17 Million | $114.23 Million | ▼ -0.8 pp |
| 2019 | 40.7% | $169.67 Million | $417.17 Million | $304.51 Million | $134.85 Million | ▼ -7.5 pp |
| 2018 | 48.2% | $177.57 Million | $368.25 Million | $281.77 Million | $104.20 Million | ▼ -4.7 pp |
| 2017 | 52.9% | $189.71 Million | $358.47 Million | $287.88 Million | $98.17 Million | ▲ +3.2 pp |
| 2016 | 49.7% | $128.75 Million | $258.87 Million | $199.25 Million | $70.50 Million | ▼ -2.7 pp |
| 2015 | 52.4% | $128.26 Million | $244.70 Million | $185.21 Million | $56.95 Million | ▼ -8.7 pp |
| 2014 | 61.1% | $129.11 Million | $211.25 Million | $183.33 Million | $54.21 Million | ▲ +3.5 pp |
| 2013 | 57.6% | $139.73 Million | $242.40 Million | $199.80 Million | $60.07 Million | ▼ -9.6 pp |
| 2012 | 67.3% | $153.54 Million | $228.21 Million | $208.47 Million | $54.93 Million | ▼ -2.6 pp |
| 2011 | 69.9% | $146.31 Million | $209.36 Million | $204.52 Million | $58.21 Million | ▼ -124.9 pp |
| 2010 | 194.8% | $157.99 Million | $81.12 Million | $204.59 Million | $46.59 Million | ▲ +199.6 pp |
| 2009 | -4.9% | $-7.43 Million | $152.90 Million | $275.22 Million | $282.66 Million | ▲ +0.0 pp |
| 2008 | -4.9% | $-7.43 Million | $152.90 Million | $275.22 Million | $282.66 Million | ▼ -100.8 pp |
| 2007 | 96.0% | $267.06 Million | $278.24 Million | $386.67 Million | $119.60 Million | ▲ +23.8 pp |
| 2006 | 72.1% | $247.50 Million | $343.07 Million | $290.80 Million | $43.30 Million | ▲ +4.6 pp |
| 2005 | 67.5% | $207.06 Million | $306.56 Million | $248.37 Million | $41.31 Million | ▲ +10.4 pp |
| 2004 | 57.2% | $174.66 Million | $305.56 Million | $231.65 Million | $56.99 Million | ▼ -9.9 pp |
| 2003 | 67.0% | $174.85 Million | $260.79 Million | $218.95 Million | $44.09 Million | ▼ -0.6 pp |
| 2002 | 67.6% | $172.13 Million | $254.48 Million | $208.74 Million | $36.60 Million | ▼ -12.0 pp |
| 2001 | 79.6% | $224.79 Million | $282.33 Million | $277.06 Million | $52.27 Million | ▲ +13.6 pp |
| 2000 | 66.0% | $190.98 Million | $289.27 Million | $328.09 Million | $137.11 Million | ▲ +5.6 pp |
| 1999 | 60.4% | $103.70 Million | $171.70 Million | $217.20 Million | $113.50 Million | ▼ -10.7 pp |
| 1998 | 71.1% | $86.00 Million | $120.90 Million | $114.10 Million | $28.10 Million | — |