Novanta Long Term Debt Total vs Retained Earnings Analysis

NOVT Stock

USD 166.98 2.95 1.80%

Novanta financial indicator trend analysis is infinitely more than just investigating Novanta recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Novanta is a good investment. Please check the relationship between Novanta Long Term Debt Total and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.

Long Term Debt Total vs Retained Earnings

Long Term Debt Total vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Novanta Long Term Debt Total account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Novanta's Long Term Debt Total and Retained Earnings is 0.88. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Novanta, assuming nothing else is changed. The correlation between historical values of Novanta's Long Term Debt Total and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Novanta are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt Total i.e., Novanta's Long Term Debt Total and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt Total

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Novanta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Novanta current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Novanta Stock please use our How to Invest in Novanta guide.At this time, Novanta's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 40.53 in 2024, whereas Selling General Administrative is likely to drop slightly above 88.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	300.3M	378.5M	399.9M	419.9M
Total Revenue	706.8M	860.9M	881.7M	925.7M

Gross Profit Total Revenue

Novanta fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets
Total Assets		0.99	0.76	0.92	0.97	0.97	0.97	0.83	0.84	0.84	1.0	-0.11	0.86	0.87	0.34	0.98	0.86	0.38	0.25	0.98	0.89	0.92	0.68	0.8	0.67	0.49
Short Long Term Debt Total	0.99		0.77	0.93	0.93	0.95	0.99	0.81	0.86	0.8	0.99	-0.12	0.82	0.88	0.31	0.99	0.88	0.39	0.26	0.99	0.84	0.92	0.62	0.82	0.64	0.42
Other Current Liab	0.76	0.77		0.9	0.65	0.73	0.76	0.57	0.8	0.7	0.77	-0.01	0.7	0.75	0.3	0.8	0.75	0.37	0.27	0.82	0.54	0.78	0.24	0.85	0.78	0.24
Total Current Liabilities	0.92	0.93	0.9		0.82	0.88	0.91	0.67	0.96	0.85	0.92	-0.03	0.84	0.91	0.45	0.95	0.92	0.4	0.24	0.96	0.67	0.95	0.45	0.94	0.75	0.44
Total Stockholder Equity	0.97	0.93	0.65	0.82		0.97	0.91	0.86	0.73	0.79	0.96	-0.14	0.82	0.81	0.29	0.9	0.79	0.36	0.25	0.9	0.96	0.87	0.75	0.67	0.57	0.53
Property Plant And Equipment Net	0.97	0.95	0.73	0.88	0.97		0.94	0.89	0.77	0.77	0.97	-0.21	0.8	0.83	0.21	0.93	0.84	0.37	0.37	0.94	0.92	0.88	0.71	0.73	0.62	0.54
Net Debt	0.97	0.99	0.76	0.91	0.91	0.94		0.82	0.85	0.73	0.97	-0.16	0.75	0.88	0.26	0.98	0.88	0.36	0.29	0.98	0.84	0.9	0.57	0.79	0.59	0.35
Retained Earnings	0.83	0.81	0.57	0.67	0.86	0.89	0.82		0.57	0.55	0.83	-0.42	0.58	0.67	-0.2	0.77	0.69	0.32	0.66	0.77	0.9	0.69	0.61	0.48	0.36	0.44
Accounts Payable	0.84	0.86	0.8	0.96	0.73	0.77	0.85	0.57		0.8	0.85	0.01	0.78	0.9	0.53	0.88	0.94	0.33	0.21	0.89	0.55	0.93	0.3	0.94	0.68	0.4
Cash	0.84	0.8	0.7	0.85	0.79	0.77	0.73	0.55	0.8		0.83	0.11	1.0	0.74	0.56	0.83	0.73	0.43	0.09	0.84	0.62	0.86	0.67	0.86	0.76	0.7
Non Current Assets Total	1.0	0.99	0.77	0.92	0.96	0.97	0.97	0.83	0.85	0.83		-0.09	0.85	0.87	0.32	0.98	0.86	0.39	0.27	0.98	0.88	0.92	0.67	0.82	0.69	0.5
Non Currrent Assets Other	-0.11	-0.12	-0.01	-0.03	-0.14	-0.21	-0.16	-0.42	0.01	0.11	-0.09		0.11	-0.21	0.47	-0.08	-0.28	0.01	-0.52	-0.07	-0.25	-0.18	-0.03	0.08	0.21	0.16
Cash And Short Term Investments	0.86	0.82	0.7	0.84	0.82	0.8	0.75	0.58	0.78	1.0	0.85	0.11		0.73	0.54	0.85	0.72	0.43	0.08	0.85	0.66	0.86	0.71	0.84	0.76	0.7
Net Receivables	0.87	0.88	0.75	0.91	0.81	0.83	0.88	0.67	0.9	0.74	0.87	-0.21	0.73		0.46	0.88	0.97	0.19	0.23	0.88	0.71	0.96	0.4	0.81	0.54	0.35
Common Stock Shares Outstanding	0.34	0.31	0.3	0.45	0.29	0.21	0.26	-0.2	0.53	0.56	0.32	0.47	0.54	0.46		0.35	0.42	0.12	-0.63	0.36	0.1	0.5	0.16	0.54	0.45	0.24
Non Current Liabilities Total	0.98	0.99	0.8	0.95	0.9	0.93	0.98	0.77	0.88	0.83	0.98	-0.08	0.85	0.88	0.35		0.88	0.37	0.24	1.0	0.8	0.93	0.59	0.87	0.72	0.43
Inventory	0.86	0.88	0.75	0.92	0.79	0.84	0.88	0.69	0.94	0.73	0.86	-0.28	0.72	0.97	0.42	0.88		0.27	0.31	0.88	0.68	0.96	0.34	0.85	0.57	0.36
Other Current Assets	0.38	0.39	0.37	0.4	0.36	0.37	0.36	0.32	0.33	0.43	0.39	0.01	0.43	0.19	0.12	0.37	0.27		0.17	0.38	0.33	0.38	0.25	0.36	0.28	0.2
Other Stockholder Equity	0.25	0.26	0.27	0.24	0.25	0.37	0.29	0.66	0.21	0.09	0.27	-0.52	0.08	0.23	-0.63	0.24	0.31	0.17		0.24	0.32	0.21	0.05	0.17	0.06	0.3
Total Liab	0.98	0.99	0.82	0.96	0.9	0.94	0.98	0.77	0.89	0.84	0.98	-0.07	0.85	0.88	0.36	1.0	0.88	0.38	0.24		0.8	0.93	0.58	0.88	0.73	0.43
Property Plant And Equipment Gross	0.89	0.84	0.54	0.67	0.96	0.92	0.84	0.9	0.55	0.62	0.88	-0.25	0.66	0.71	0.1	0.8	0.68	0.33	0.32	0.8		0.74	0.74	0.49	0.44	0.43
Total Current Assets	0.92	0.92	0.78	0.95	0.87	0.88	0.9	0.69	0.93	0.86	0.92	-0.18	0.86	0.96	0.5	0.93	0.96	0.38	0.21	0.93	0.74		0.51	0.88	0.64	0.46
Short Term Debt	0.68	0.62	0.24	0.45	0.75	0.71	0.57	0.61	0.3	0.67	0.67	-0.03	0.71	0.4	0.16	0.59	0.34	0.25	0.05	0.58	0.74	0.51		0.32	0.32	0.68
Intangible Assets	0.8	0.82	0.85	0.94	0.67	0.73	0.79	0.48	0.94	0.86	0.82	0.08	0.84	0.81	0.54	0.87	0.85	0.36	0.17	0.88	0.49	0.88	0.32		0.86	0.45
Other Liab	0.67	0.64	0.78	0.75	0.57	0.62	0.59	0.36	0.68	0.76	0.69	0.21	0.76	0.54	0.45	0.72	0.57	0.28	0.06	0.73	0.44	0.64	0.32	0.86		0.4
Other Assets	0.49	0.42	0.24	0.44	0.53	0.54	0.35	0.44	0.4	0.7	0.5	0.16	0.7	0.35	0.24	0.43	0.36	0.2	0.3	0.43	0.43	0.46	0.68	0.45	0.4

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Novanta Account Relationship Matchups

Novanta fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	869.7M	865.2M	1.2B	1.2B	1.2B	1.3B
Short Long Term Debt Total	254.5M	233.2M	480.2M	476.3M	404.6M	424.8M
Other Current Liab	74.0M	37.9M	90.9M	54.2M	54.8M	42.9M
Total Current Liabilities	134.8M	114.2M	183.9M	164.5M	139.2M	106.1M
Total Stockholder Equity	417.2M	476.8M	521.3M	577.6M	673.5M	707.1M
Property Plant And Equipment Net	112.7M	113.1M	135.8M	146.5M	147.8M	155.1M
Net Debt	175.5M	108.2M	362.8M	376.2M	299.5M	314.5M
Retained Earnings	(38.3M)	6.2M	56.5M	130.6M	203.5M	213.6M
Accounts Payable	52.6M	43.0M	68.5M	75.2M	57.2M	31.9M
Cash	78.9M	125.1M	117.4M	100.1M	105.1M	90.8M
Non Current Assets Total	565.2M	561.0M	854.1M	820.7M	810.8M	851.3M
Non Currrent Assets Other	11.6M	13.4M	17.8M	4.4M	5.6M	10.9M
Cash And Short Term Investments	78.9M	125.1M	117.4M	100.1M	105.1M	98.9M
Net Receivables	91.1M	75.1M	115.6M	137.7M	139.4M	79.9M
Common Stock Shares Outstanding	35.5M	35.7M	35.8M	35.9M	36.0M	26.5M
Liabilities And Stockholders Equity	869.7M	865.2M	1.2B	1.2B	1.2B	1.3B
Non Current Liabilities Total	317.7M	274.1M	522.7M	499.1M	413.4M	434.1M
Inventory	116.6M	92.7M	125.7M	168.0M	149.4M	86.1M
Other Current Assets	17.9M	19.4M	28.2M	14.7M	21.5M	17.7M
Other Stockholder Equity	49.7M	59.0M	53.8M	55.2M	70.2M	39.3M
Total Liab	452.6M	388.4M	706.6M	663.6M	552.6M	580.2M
Property Plant And Equipment Gross	112.7M	113.1M	135.8M	146.5M	250.8M	263.3M
Total Current Assets	304.5M	304.2M	373.8M	420.5M	415.3M	287.7M
Accumulated Other Comprehensive Income	(18.1M)	(12.2M)	(12.9M)	(32.0M)	(24.0M)	(22.8M)
Short Term Debt	5.0M	21.4M	13.0M	13.3M	13.9M	23.6M
Intangible Assets	166.2M	148.5M	221.0M	175.8M	145.0M	85.0M
Other Liab	53.4M	40.5M	47.6M	23.0M	26.4M	33.4M
Other Assets	11.6M	47.8M	17.8M	19.5M	22.5M	17.3M
Long Term Debt	215.3M	194.9M	429.4M	430.7M	349.4M	189.9M
Property Plant Equipment	77.6M	78.7M	135.8M	103.2M	118.7M	124.6M
Good Will	274.7M	286.0M	479.5M	478.9M	484.5M	508.7M
Current Deferred Revenue	3.2M	6.2M	7.0M	8.1M	5.6M	9.7M
Net Tangible Assets	(23.7M)	42.3M	(179.2M)	(77.1M)	(69.4M)	(65.9M)
Retained Earnings Total Equity	(38.3M)	6.2M	56.5M	130.6M	150.2M	157.7M
Long Term Debt Total	215.3M	194.9M	429.4M	430.7M	495.3M	520.0M
Capital Surpluse	49.7M	59.0M	53.8M	55.2M	63.4M	42.5M

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