Innovate Debt-to-Equity Ratio Growth & History (VATE)

Innovate's debt-to-equity ratio was 0.31 for fiscal 2020.

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Innovate annual debt-to-equity ratio history

Innovate annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20202020-12-310.31−1.90−85.86%
20192019-12-312.22−6.23−73.76%
20182018-12-318.440.33+4.05%
20172017-12-318.11−1.58−16.27%
20162016-12-319.699.13+1629.25%
20152015-12-310.56−0.26−31.91%
20142014-12-310.820.82
20132013-12-310.00−1.87
20122012-12-311.87−0.79−29.85%
20112011-12-312.66−0.40−13.03%
20102010-12-313.06

Innovate debt-to-equity ratio trends

Over the last five fiscal years, Innovate's debt-to-equity ratio decreased from 0.56 to 0.31, a change of −0.25. The latest reported quarter, Q2 2021, shows 1.40.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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