Is NOVANTA INC (NOVTU) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 16.7% / 33% | 21.1% / 33% | 10.7% / 33% | 2.61% / 5% | ✓ HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 16.7% / 33% | 21.1% / 33% | 10.7% / 50% | 2.61% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 44.4% | |
| Operating Margin | 11.7% | |
| Net Margin | 5.5% | |
| Return on Equity (ROE) | 5.2% | |
| Return on Assets (ROA) | 4.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $64M |
| Free Cash Flow | $48M |
| Total Debt | $302M |
| Debt-to-Equity | 23.0 |
| Current Ratio | 3.7 |
| Total Assets | $1.8B |
Price & Trading
| Last Close | $53.91 |
| 50-Day MA | $58.86 |
| 200-Day MA | $56.34 |
| Avg Volume | 140K |
| Beta | 1.6 |
|
52-Week Range
$47.57
| |
About NOVANTA INC (NOVTU)
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam steering and scanning solutions, laser sources, robotic and precision motion, robotic end-of-arm tooling, and bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; imaging, identification and RFID solutions; advanced motion control solutions; and light engines, and integrated operating room technologies. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is based in Bedford, Massachusetts.
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Frequently Asked Questions
Is NOVANTA INC (NOVTU) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NOVANTA INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is NOVANTA INC's debt ratio?
NOVANTA INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 16.7%.
What are NOVANTA INC's key financial metrics?
NOVANTA INC has a market capitalization of N/A, and revenue of $981M. The company maintains a gross margin of 44.4% and a net margin of 5.5%. Return on equity stands at 5.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.