Novanta (Novanta) Interest Expense : $-25.8 Mil (TTM As of Dec. 2023)

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What is Novanta Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novanta's interest expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-25.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Novanta's Operating Income for the three months ended in Dec. 2023 was $ 26.3 Mil. Novanta's Interest Expense for the three months ended in Dec. 2023 was $ -5.9 Mil. Novanta's Interest Coverage for the quarter that ended in Dec. 2023 was 4.44. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Novanta Interest Expense Historical Data

The historical data trend for Novanta's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Novanta Interest Expense Chart

Novanta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.49

-6.56

-7.39

-15.62

-25.82

Novanta Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.69	-6.33	-6.81	-6.76	-5.92

Novanta Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25.8 Mil.

Novanta (NAS:NOVT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Novanta's Interest Expense for the three months ended in Dec. 2023 was $-5.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was $26.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $390.7 Mil.

Novanta's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	26.3	/	-5.92
	=	4.44

The higher the ratio, the stronger the company's financial strength is.

Novanta (Novanta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Novanta Inc (NAS:NOVT) » Definitions » Interest Expense

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NOVT:Mexico

Address

125 Middlesex Turnpike, Bedford, MA, USA, 01730

Website

https://www.novanta.com

Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.

Executives

Robert Buckley	officer: Chief Financial Officer	C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409
Matthijs Glastra	officer: Group President,Laser Products	C/O GSI GROUP CORPORATION, 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Brian S Young	officer: Executive VP, Human Resources	C/O 25 CORPORATE DRIVE, BURLINGTON MA 01803
Thomas N Secor	director	GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Barbara B. Hulit	director	C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Michele Davis Welsh	officer: General Counsel	C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Solomon Darlene J. S.	director	6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Peter L Chang	officer: Vice President-Corp Controller	C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Frank Anders Wilson	director	C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Katherine Ann Owen	director	2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Maxine Lum Mauricio	director	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Stephen W Bershad	director	66 ARROYO HONDO TRAIL, SANTA FE NM 87508
Deborah Disanzo	director	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Lonny J Carpenter	director	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Brian Douglas King	director	C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730