InnovAge Holding Balance Sheet Health
Financial Health criteria checks 6/6
InnovAge Holding has a total shareholder equity of $275.8M and total debt of $59.2M, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are $510.2M and $234.5M respectively. InnovAge Holding's EBIT is $7.2M making its interest coverage ratio 2.8. It has cash and short-term investments of $109.4M.
Key information
21.45%
Debt to equity ratio
US$59.16m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$109.42m |
| Equity | US$275.77m |
| Total liabilities | US$234.47m |
| Total assets | US$510.23m |
Recent financial health updates
Is InnovAge Holding (NASDAQ:INNV) A Risky Investment?
Nov 03
Health Check: How Prudently Does InnovAge Holding (NASDAQ:INNV) Use Debt?
Jul 08Is InnovAge Holding (NASDAQ:INNV) Using Too Much Debt?
Apr 09Is InnovAge Holding (NASDAQ:INNV) A Risky Investment?
Aug 20InnovAge Holding (NASDAQ:INNV) Has Debt But No Earnings; Should You Worry?
Mar 15Recent updates
InnovAge Holding Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Nov 07Is InnovAge Holding (NASDAQ:INNV) A Risky Investment?
Nov 03Improved Revenues Required Before InnovAge Holding Corp. (NASDAQ:INNV) Stock's 32% Jump Looks Justified
Sep 10Health Check: How Prudently Does InnovAge Holding (NASDAQ:INNV) Use Debt?
Jul 08
Expanding US Senior Care Integration Will Drive Healthcare Transformation
Enrollment growth and efficient geographic expansion are positioning the company for sustained revenue gains and scalable growth.After Leaping 36% InnovAge Holding Corp. (NASDAQ:INNV) Shares Are Not Flying Under The Radar
May 09Is InnovAge Holding (NASDAQ:INNV) Using Too Much Debt?
Apr 09Investors Aren't Entirely Convinced By InnovAge Holding Corp.'s (NASDAQ:INNV) Revenues
Feb 06Investors Aren't Entirely Convinced By InnovAge Holding Corp.'s (NASDAQ:INNV) Revenues
Nov 07Is InnovAge Holding (NASDAQ:INNV) A Risky Investment?
Aug 20InnovAge Holding Corp.'s (NASDAQ:INNV) Shares Leap 30% Yet They're Still Not Telling The Full Story
Jun 28Sentiment Still Eluding InnovAge Holding Corp. (NASDAQ:INNV)
May 07InnovAge Holding (NASDAQ:INNV) Has Debt But No Earnings; Should You Worry?
Mar 15Market 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 27Financial Position Analysis
Short Term Liabilities: INNV's short term assets ($161.7M) exceed its short term liabilities ($138.5M).
Long Term Liabilities: INNV's short term assets ($161.7M) exceed its long term liabilities ($96.0M).
Debt to Equity History and Analysis
Debt Level: INNV has more cash than its total debt.
Reducing Debt: INNV's debt to equity ratio has reduced from 202.3% to 21.5% 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: Whilst unprofitable INNV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: INNV is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/07 10:42 |
| End of Day Share Price | 2025/12/05 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/06/30 |
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 * |
|---|---|---|---|
| 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.
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 Github.
Analyst Sources
InnovAge Holding Corp. is covered by 15 analysts. 3 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 |
|---|---|
| Vikram Kesavabhotla | Baird |
| Steven Valiquette | Barclays |
| Sarah James | Barclays |