InnovAge Holding Balance Sheet Health
Financial Health criteria checks 4/6
InnovAge Holding has a total shareholder equity of $303.0M and total debt of $67.0M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are $534.3M and $231.3M respectively.
Key information
22.1%
Debt to equity ratio
US$66.96m
Debt
| Interest coverage ratio | n/a |
| Cash | US$98.77m |
| Equity | US$302.97m |
| Total liabilities | US$231.29m |
| Total assets | US$534.26m |
Recent financial health updates
Recent updates
InnovAge Holding (NASDAQ:INNV) Has Debt But No Earnings; Should You Worry?
Mar 15
Market Still Lacking Some Conviction On InnovAge Holding Corp. (NASDAQ:INNV)
Jan 06InnovAge Holding Corp.'s (NASDAQ:INNV) Intrinsic Value Is Potentially 73% Above Its Share Price
Aug 10Cautious Investors Not Rewarding InnovAge Holding Corp.'s (NASDAQ:INNV) Performance Completely
Jun 08InnovAge GAAP EPS of -$0.09 misses by $0.06, revenue of $172.86M misses by $1.11M
Sep 13InnovAge names Richard Feifer as chief medical officer
Aug 17InnovAge Holding (NASDAQ:INNV) Could Be Struggling To Allocate Capital
Jul 27Earnings Miss: InnovAge Holding Corp. Missed EPS And Analysts Are Revising Their Forecasts
May 12Here's What's Concerning About InnovAge Holding's (NASDAQ:INNV) Returns On Capital
Apr 14Is There An Opportunity With InnovAge Holding Corp.'s (NASDAQ:INNV) 30% Undervaluation?
Mar 24InnovAge Pursues Compliance As Precursor To Post-Pandemic Growth
Mar 19InnovAge Holding's (NASDAQ:INNV) Robust Earnings Are Supported By Other Strong Factors
Nov 16Are Investors Undervaluing InnovAge Holding Corp. (NASDAQ:INNV) By 48%?
Jul 28Financial Position Analysis
Short Term Liabilities: INNV's short term assets ($157.0M) exceed its short term liabilities ($123.1M).
Long Term Liabilities: INNV's short term assets ($157.0M) exceed its long term liabilities ($108.2M).
Debt to Equity History and Analysis
Debt Level: INNV has more cash than its total debt.
Reducing Debt: Insufficient data to determine if INNV's debt to equity ratio has reduced over the past 5 years.
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: INNV has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if INNV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.