Innovate Net Tangible Assets vs Long Term Debt Analysis
VATE Stock | USD 0.69 0.10 12.66% |
Innovate Corp financial indicator trend analysis is infinitely more than just investigating Innovate Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovate Corp is a good investment. Please check the relationship between Innovate Corp Net Tangible Assets and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.
Net Tangible Assets vs Long Term Debt
Net Tangible Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovate Corp Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Innovate Corp's Net Tangible Assets and Long Term Debt is -0.36. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Innovate Corp, assuming nothing else is changed. The correlation between historical values of Innovate Corp's Net Tangible Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Innovate Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Tangible Assets i.e., Innovate Corp's Net Tangible Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.36 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Long Term Debt
Long-term debt is a debt that Innovate Corp has held for over one year. Long-term debt appears on Innovate Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Innovate Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Innovate Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovate Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.At present, Innovate Corp's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 826.3 M, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 1.2B | 1.6B | 1.4B | 1.1B | Interest Expense | 59.1M | 52M | 68.2M | 42.0M |
Innovate Corp fundamental ratios Correlations
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Innovate Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Innovate Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.0B | 6.7B | 1.1B | 1.2B | 1.0B | 1.7B | |
Short Long Term Debt Total | 773.6M | 561.5M | 626.3M | 714.4M | 771.9M | 578.1M | |
Other Current Liab | 153.9M | 74.7M | 111.7M | 85.5M | 73.4M | 69.7M | |
Total Current Liabilities | 524M | 251M | 439.5M | 417.2M | 413.8M | 314.2M | |
Total Stockholder Equity | 349.8M | 559.8M | (65.5M) | (103.7M) | (149.1M) | (141.6M) | |
Property Plant And Equipment Net | 223.7M | 113.9M | 169.9M | 165M | 212.6M | 168.5M | |
Current Deferred Revenue | 171.6M | (53.7M) | 79.1M | 98.6M | 153.5M | 161.2M | |
Net Debt | 544.8M | 329.2M | 580.8M | 634M | 690.2M | 438.3M | |
Retained Earnings | (96.7M) | (188.7M) | (416.2M) | (452.1M) | (487.3M) | (511.7M) | |
Accounts Payable | 134.6M | 176.3M | 179.2M | 202.5M | 142.9M | 104.7M | |
Cash | 228.8M | 232.3M | 45.5M | 80.4M | 81.7M | 94.4M | |
Non Current Assets Total | 909.2M | 710.8M | 638M | 615.3M | 525.7M | 540.6M | |
Non Currrent Assets Other | 188M | 172.4M | 73.3M | 71.9M | 2.7M | 2.6M | |
Cash And Short Term Investments | 4.3B | 4.7B | 45.5M | 80.4M | 81.7M | 77.6M | |
Net Receivables | 1.5B | 1.2B | 365.7M | 420M | 399.1M | 401.5M | |
Common Stock Shares Outstanding | 45.2M | 50.7M | 77.7M | 78.1M | 78.7M | 63.9M | |
Short Term Investments | 1.3B | 3.4B | 4.0B | 4.5B | 5.1B | 5.4B | |
Liabilities And Stockholders Equity | 7.0B | 6.7B | 1.1B | 1.2B | 1.0B | 1.7B | |
Non Current Liabilities Total | 6.0B | 5.9B | 629.2M | 764.1M | 766.1M | 1.4B | |
Other Current Assets | 300.7M | 116.5M | 10.9M | 16.8M | 14.7M | 14.0M | |
Other Stockholder Equity | 267.5M | 341.1M | 325.4M | 324.8M | 322.8M | 278.4M | |
Total Liab | 6.5B | 6.1B | 1.1B | 1.2B | 1.2B | 1.7B | |
Total Current Assets | 6.0B | 6.0B | 442.6M | 536.4M | 517.9M | 492.0M | |
Accumulated Other Comprehensive Income | 168.7M | 396.9M | 6.4M | 5.9M | (1.1M) | (1.2M) | |
Short Term Debt | 63.9M | 53.7M | 69.5M | 30.6M | 44M | 41.8M | |
Intangible Assets | 221.7M | 174.6M | 208.4M | 190.1M | 178.9M | 137.0M | |
Inventory | 22.6M | 9.9M | 17M | 18.9M | 22.4M | 16.8M | |
Good Will | 112.5M | 111M | 127.4M | 127.1M | 146.2M | 87.3M | |
Other Liab | 5.2B | 5.2B | 13.9M | 26.5M | 23.9M | 22.7M | |
Net Tangible Assets | 28.8M | 274.2M | (420.1M) | (438.5M) | (394.7M) | (374.9M) | |
Other Assets | 74.1M | 65.5M | 18M | 19.1M | 17.2M | 16.3M | |
Long Term Debt | 740.8M | 507M | 556.8M | 683.8M | 679.3M | 690.8M | |
Capital Lease Obligations | 34.6M | 800K | 58.5M | 53.8M | 62.1M | 46.9M | |
Net Invested Capital | 1.2B | 1.1B | 542M | 593.1M | 544.3M | 613.0M | |
Long Term Investments | 177.5M | 134.5M | 56M | 48.2M | 1.8M | 1.7M | |
Property Plant And Equipment Gross | 405.8M | 113.9M | 334.6M | 349.3M | 350.3M | 263.4M | |
Non Current Liabilities Other | 427M | 315.8M | 4.8M | 17.4M | 34.1M | 32.4M | |
Net Working Capital | 5.4B | 5.7B | 3.1M | 120.7M | 104.7M | 99.5M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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Is Innovate Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innovate Corp. If investors know Innovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innovate Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Revenue Per Share 18.128 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0226 | Return On Equity (0.19) |
The market value of Innovate Corp is measured differently than its book value, which is the value of Innovate that is recorded on the company's balance sheet. Investors also form their own opinion of Innovate Corp's value that differs from its market value or its book value, called intrinsic value, which is Innovate Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovate Corp's market value can be influenced by many factors that don't directly affect Innovate Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Innovate Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovate Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovate Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.