INNOVATE Balance Sheet Health
Financial Health criteria checks 2/6
INNOVATE has a total shareholder equity of $-125.3M and total debt of $690.9M, which brings its debt-to-equity ratio to -551.4%. Its total assets and total liabilities are $897.2M and $1.0B respectively. INNOVATE's EBIT is $54.2M making its interest coverage ratio 0.7. It has cash and short-term investments of $51.0M.
Key information
-551.4%
Debt to equity ratio
US$690.90m
Debt
Interest coverage ratio | 0.7x |
Cash | US$51.00m |
Equity | -US$125.30m |
Total liabilities | US$1.02b |
Total assets | US$897.20m |
Recent financial health updates
Recent updates
INNOVATE Corp.'s (NYSE:VATE) Shares Bounce 81% But Its Business Still Trails The Industry
Jan 22INNOVATE Corp. (NYSE:VATE) Held Back By Insufficient Growth Even After Shares Climb 81%
Jan 22Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation
Jul 06Best New Idea For 2023: Innovate
Jan 25Innovate GAAP EPS of -$0.09, revenue of $423M
Nov 02Innovate GAAP EPS of -$0.18, revenue of $392.2M
Aug 03Breaking Down Innovate's Potential
Oct 27HC2 Holdings: A Granular Assessment
Jun 27HC2 Holdings reports Q1 results
May 07These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively
Apr 13HC2 Holdings Simplification Process Could Lead To Rerate
Feb 01HC2 to sell clean energy business for $169M
Dec 31HC2's insurance segment to be acquired by Continued General
Dec 10The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares
Dec 10HC2 owner acquires additional shares
Dec 09HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock
Dec 03HC2 Holdings appoints CEO
Nov 30Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?
Nov 26Financial Position Analysis
Short Term Liabilities: VATE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VATE 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: VATE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VATE'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 VATE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VATE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 49.7% per year.
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2025/01/31 22:59 |
End of Day Share Price | 2025/01/31 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
INNOVATE Corp. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Sarkis Sherbetchyan | B. Riley Securities, Inc. |
Barry Sine | Drexel Hamilton |