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 ratio0.7x
CashUS$51.00m
Equity-US$125.30m
Total liabilitiesUS$1.02b
Total assetsUS$897.20m

Recent financial health updates

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Apr 13
These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Recent updates

INNOVATE Corp.'s (NYSE:VATE) Shares Bounce 81% But Its Business Still Trails The Industry

Jan 22
INNOVATE Corp.'s (NYSE:VATE) Shares Bounce 81% But Its Business Still Trails The Industry

INNOVATE Corp. (NYSE:VATE) Held Back By Insufficient Growth Even After Shares Climb 81%

Jan 22
INNOVATE Corp. (NYSE:VATE) Held Back By Insufficient Growth Even After Shares Climb 81%

Innovate: Infrastructure Growth And Glacial AI Could Imply Undervaluation

Jul 06

Best New Idea For 2023: Innovate

Jan 25

Innovate GAAP EPS of -$0.09, revenue of $423M

Nov 02

Innovate GAAP EPS of -$0.18, revenue of $392.2M

Aug 03

Breaking Down Innovate's Potential

Oct 27

HC2 Holdings: A Granular Assessment

Jun 27

HC2 Holdings reports Q1 results

May 07

These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

Apr 13
These 4 Measures Indicate That HC2 Holdings (NYSE:HCHC) Is Using Debt Extensively

HC2 Holdings Simplification Process Could Lead To Rerate

Feb 01

HC2 to sell clean energy business for $169M

Dec 31

HC2's insurance segment to be acquired by Continued General

Dec 10

The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares

Dec 10
The Independent Chairman of the Board of HC2 Holdings, Inc. (NYSE:HCHC), Avram Glazer, Just Bought 16% More Shares

HC2 owner acquires additional shares

Dec 09

HC2 Holdings +12.6% as Chairman Glazer buys $9M in stock

Dec 03

HC2 Holdings appoints CEO

Nov 30

Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?

Nov 26
Have Insiders Sold HC2 Holdings, Inc. (NYSE:HCHC) Shares Recently?

Financial 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.


Discover healthy companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 22:59
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Sarkis SherbetchyanB. Riley Securities, Inc.
Barry SineDrexel Hamilton