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INNOVATE Balance Sheet Health

Financial Health criteria checks 2/6

INNOVATE has a total shareholder equity of $-110.2M and total debt of $688.5M, which brings its debt-to-equity ratio to -624.8%. Its total assets and total liabilities are $898.9M and $1.0B respectively. INNOVATE's EBIT is $59.0M making its interest coverage ratio 0.8. It has cash and short-term investments of $80.2M.

Key information

-624.8%

Debt to equity ratio

US$688.50m

Debt

Interest coverage ratio0.8x
CashUS$80.20m
Equity-US$110.20m
Total liabilitiesUS$1.01b
Total assetsUS$898.90m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PST has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PST has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PST has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PST's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PST has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PST is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 40.3% per year.


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