Novanta Inc 's Cash & cash equivalent grew by 84.84 % in the Q2 2026 sequentially, faster than Current Liabilities, this led to improvement in Novanta Inc 's Quick Ratio to 2.92 a new company high.

Within Industrial Machinery and Components industry 15 other companies have achieved higher Quick Ratio than Novanta Inc in second quarter 2026. While Quick Ratio total ranking has improved so far during the Q2 2026 to 1134, from total ranking in the first quarter 2026 at 1227.

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NOVT Quick Ratio	(Jul 03 2026) Q2	(Apr 03 2026) Q1	(Dec 31 2025) Q4	(Sep 26 2025) Q3	(Jun 27 2025) Q2
Y / Y Current Liabilities Change	119.69 %	95.33 %	97.79 %	87.71 %	18.91 %
Y / Y Cash & cash equivalent Change	553.84 %	266.64 %	234.13 %	-3.74 %	11.62 %
Quick Ratio MRQ	2.92	1.84	1.88	0.5	0.98
NOVT's Total Ranking	# 1134	# 1227	# 644	# 442	# 1653
Seq. Current Liabilities Change	16.48 %	4.24 %	14.61 %	57.87 %	3.56 %
Seq. Cash & cash equivalent Change	84.84 %	2.08 %	326.88 %	-18.83 %	3.65 %

Quick Ratio second quarter 2026 Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 16
Capital Goods Sector	# 44
Overall Market	# 1134

Quick Ratio Statistics
High	Average	Low
2.92	1.27	0.5
(Jul 03 2026)		(Mar 28 2014)

Financial Statements
Novanta Inc 's Current Liabilities	$ 246 Millions	Visit NOVT's Balance sheet
Novanta Inc 's Cash & cash equivalent	$ 719 Millions	Visit NOVT's Balance sheet
Source of NOVT's Sales		Visit NOVT's Sales by Geography

Cumulative Novanta Inc 's Quick Ratio

NOVT's Quick Ratio for the trailling 12 Months

NOVT Quick Ratio	(Jul 03 2026) 12 Months	(Apr 03 2026) 12 Months	(Dec 31 2025) 12 Months	(Sep 26 2025) 12 Months	(Jun 27 2025) 12 Months
Y / Y Current Liabilities TTM Growth	100.76 %	76.12 %	56.3 %	41.47 %	22.47 %
Y / Y Cash & cash equivalent TTM Growth	273.26 %	135.61 %	72.09 %	7.55 %	13.31 %
Quick Ratio TTM	1.89	1.38	1.14	0.84	1.01
Total Ranking TTM	# 3839	# 2735	# 2023	# 797	# 2458
Seq. Current Liabilities TTM Growth	19.08 %	17.19 %	20.06 %	19.82 %	4.46 %
Seq. Cash & cash equivalent TTM Growth	62.83 %	41.21 %	63.67 %	-0.82 %	2.78 %

Quick ratio ranking by company, industry and sector >> Back to NOVT Financial Strength Comparisons >> Go to Compare NOVT Quick Ratio to its Competitors

On the trailing twelve months basis NOVT Cash & cash equivalent more than doubled by 553.84 % in Q2 2026 year on year, faster than Current Liabilities, this led to increase in in Novanta Inc 's Quick Ratio to 1.89, above NOVT average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 99 other companies have achieved higher Quick Ratio than Novanta Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2026 from 2735 to 3839.

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How much Cash & cash equivalents NOVT�s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Industrial Machinery and Components Industry	# 100
Capital Goods Sector	# 261
Within the Market	# 3839

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.82	0.84	0.55
(Jul 03 2026)		(Dec 31 2022)

Companies with similar Quick Ratio in the quarter ending Jul 03 2026, within Industrial Machinery and Components Industry	Quick Ratio	Jul 03 2026 MRQ Cash & cash equivalent	Jul 03 2026 MRQ Current Liabilities
Fuelcell Energy inc	7.11	$ 682.993 Millions	$ 96.084 Millions
Aeternum Health Inc	6.35	$ 1.929 Millions	$ 0.304 Millions
Ouster Inc	5.20	$ 431.822 Millions	$ 83.020 Millions
Energy Recovery Inc	5.01	$ 93.056 Millions	$ 18.558 Millions
Ceco Environmental Corp	4.29	$ 734.004 Millions	$ 171.074 Millions
Amprius Technologies Inc	4.06	$ 74.517 Millions	$ 18.351 Millions
Acm Research Inc	3.93	$ 1,439.375 Millions	$ 365.960 Millions
Amtech Systems Inc	3.52	$ 83.109 Millions	$ 23.578 Millions
Axcelis Technologies Inc	3.40	$ 679.758 Millions	$ 200.101 Millions
Neovolta Inc	3.32	$ 22.202 Millions	$ 6.678 Millions
Ses Ai Corporation	3.23	$ 92.202 Millions	$ 28.528 Millions
Sono Tek Corp	3.22	$ 16.652 Millions	$ 5.179 Millions
Novanta Inc	2.92	$ 718.650 Millions	$ 245.882 Millions
Nubia Brand International Corp	2.63	$ 27.677 Millions	$ 10.541 Millions
Eos Energy Enterprises Inc	2.04	$ 321.609 Millions	$ 157.886 Millions
Trio tech International	1.98	$ 26.090 Millions	$ 13.157 Millions
Sci Engineered Materials inc	1.88	$ 10.689 Millions	$ 5.674 Millions
Veeco Instruments Inc	1.88	$ 444.498 Millions	$ 236.969 Millions
Expion360 Inc	1.61	$ 1.540 Millions	$ 0.959 Millions
Fuel Tech Inc	1.55	$ 7.620 Millions	$ 4.908 Millions
Cricut Inc	1.42	$ 286.265 Millions	$ 200.936 Millions
Lindsay Corporation	0.95	$ 154.760 Millions	$ 163.673 Millions
Lam Research Corporation	0.94	$ 5,579.171 Millions	$ 5,937.249 Millions
Byrna Technologies Inc	0.92	$ 10.438 Millions	$ 11.343 Millions
Alamo Group Inc	0.86	$ 194.995 Millions	$ 226.094 Millions
Enerpac Tool Group Corp	0.86	$ 115.680 Millions	$ 134.270 Millions
Tecogen Inc	0.83	$ 6.783 Millions	$ 8.209 Millions
Gates Industrial Corporation Plc	0.82	$ 823.500 Millions	$ 1,010.200 Millions
Symbotic Inc	0.81	$ 1,746.446 Millions	$ 2,147.073 Millions
Standex International Corp	0.81	$ 185.434 Millions	$ 229.516 Millions

Date modified: 2026-09-11T09:45:31+00:00

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