Debt to Equity Ratio Analysis of Novanta Inc - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Debt to Equity
Period Ending - Dec-23
Good Debt to Equity
0.538
Period Ending - Dec-22
Good Debt to Equity
0.802
Growth
-32.90 %
Most recent Quarter Debt to Equity
Period Ending - Mar-24
Good Debt to Equity
0.767
Debt to Equity Analysis of Novanta Inc
| Debt to Equity Ratio of NOVT drastically fell by -32.90 % this year. |
| Debt to Equity Ratio with value of 0.849 was highest in Year Dec-21 in last Five Years. |
| Debt to Equity Ratio with value of 0.454 was lowest in Year Dec-20 in last Five Years. |
| Latest Debt to Equity Ratio with value of 0.538 is lower than Average Debt to Equity of 0.637 in last five years. |
Other Debt to Equity Related Info of NOVT that may interest you.
Novanta Inc Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| NOVT | 162.16 | 159.09 | 1.93 % | Scientific & Technical Instruments |
Defination of Debt to Equity Ratio
Debt to Equity Ratio shows the relationship between the company's total debt and total shareholders fund. And it indicates the ability of a company's shareholders' equity to pay its debt obligations in a tough time. more ..
Debt to Equity Related Ratios
| ShortTermDebtToEquityRatio | DividendCoverageRatio | CurrentRatio |
Tsr Stability Index
| No Significant Stability | |
FY - Historical Debt to Equity Ratio of Novanta Inc
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Debt to Equity | 0.538 | 0.802 | 0.849 | 0.454 | 0.540 | 0.563 | 0.753 |
| Change | -32.90 % | -5.46 % | 87.04 % | -16.03 % | -4.05 % | -25.22 % | 150.19 % |
FY Chart of Debt to Equity Ratio of Novanta Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)