Innovate Other Stockholder Equity vs Total Assets Analysis

VATE Stock  USD 0.63  0.02  3.08%   
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 Other Stockholder Equity and its Total Assets 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 closely tied 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.

Other Stockholder Equity vs Total Assets

Other Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovate Corp Other Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Innovate Corp's Other Stockholder Equity and Total Assets is 0.47. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Assets 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 Other Stockholder Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Innovate Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Stockholder Equity i.e., Innovate Corp's Other Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Other Stockholder Equity

Total Assets

Total assets refers to the total amount of Innovate Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Innovate Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 closely tied 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 Revenue1.2B1.6B1.4B1.1B
Interest Expense59.1M52M68.2M42.0M

Innovate Corp fundamental ratios Correlations

0.590.150.510.680.5-0.140.350.10.430.930.810.930.980.970.220.431.00.620.471.00.990.10.530.26-0.3
0.590.030.95-0.040.65-0.080.93-0.640.850.590.840.570.460.680.850.850.570.310.880.620.52-0.080.830.29-0.05
0.150.030.12-0.010.53-0.550.020.1-0.070.110.230.10.110.31-0.11-0.240.16-0.17-0.080.160.150.77-0.35-0.33-0.18
0.510.950.12-0.080.63-0.080.94-0.620.830.460.770.50.380.620.820.780.480.390.820.530.440.00.770.32-0.01
0.68-0.04-0.01-0.08-0.06-0.06-0.210.520.050.530.210.650.80.53-0.31-0.080.680.650.010.650.75-0.010.080.05-0.17
0.50.650.530.63-0.06-0.480.59-0.150.360.590.830.510.370.650.310.230.5-0.010.330.520.440.250.34-0.09-0.43
-0.14-0.08-0.55-0.08-0.06-0.48-0.1-0.06-0.04-0.03-0.29-0.19-0.11-0.220.060.2-0.130.240.03-0.14-0.120.10.040.160.15
0.350.930.020.94-0.210.59-0.1-0.760.860.340.70.350.210.450.890.810.330.20.870.380.28-0.120.790.3-0.11
0.1-0.640.1-0.620.52-0.15-0.06-0.76-0.70.12-0.220.170.220.01-0.91-0.810.120.16-0.790.070.180.14-0.51-0.29-0.2
0.430.85-0.070.830.050.36-0.040.86-0.70.390.620.470.350.470.880.830.40.240.920.440.38-0.150.760.44-0.01
0.930.590.110.460.530.59-0.030.340.120.390.830.880.890.930.210.40.940.450.390.940.910.150.480.25-0.41
0.810.840.230.770.210.83-0.290.7-0.220.620.830.830.70.880.510.560.80.290.630.830.750.050.720.19-0.43
0.930.570.10.50.650.51-0.190.350.170.470.880.830.920.910.20.350.930.540.430.930.930.010.610.21-0.36
0.980.460.110.380.80.37-0.110.210.220.350.890.70.920.920.10.330.980.650.380.971.00.090.450.24-0.27
0.970.680.310.620.530.65-0.220.450.010.470.930.880.910.920.310.450.970.520.510.980.950.220.530.24-0.3
0.220.85-0.110.82-0.310.310.060.89-0.910.880.210.510.20.10.310.930.20.040.940.250.15-0.140.740.440.1
0.430.85-0.240.78-0.080.230.20.81-0.810.830.40.560.350.330.450.930.420.270.940.450.37-0.180.80.510.07
1.00.570.160.480.680.5-0.130.330.120.40.940.80.930.980.970.20.420.60.451.00.990.120.520.25-0.31
0.620.31-0.170.390.65-0.010.240.20.160.240.450.290.540.650.520.040.270.60.230.60.65-0.070.360.160.14
0.470.88-0.080.820.010.330.030.87-0.790.920.390.630.430.380.510.940.940.450.230.490.41-0.120.820.420.01
1.00.620.160.530.650.52-0.140.380.070.440.940.830.930.970.980.250.451.00.60.490.990.110.550.26-0.3
0.990.520.150.440.750.44-0.120.280.180.380.910.750.931.00.950.150.370.990.650.410.990.110.480.25-0.27
0.1-0.080.770.0-0.010.250.1-0.120.14-0.150.150.050.010.090.22-0.14-0.180.12-0.07-0.120.110.11-0.42-0.26-0.15
0.530.83-0.350.770.080.340.040.79-0.510.760.480.720.610.450.530.740.80.520.360.820.550.48-0.420.39-0.12
0.260.29-0.330.320.05-0.090.160.3-0.290.440.250.190.210.240.240.440.510.250.160.420.260.25-0.260.39-0.05
-0.3-0.05-0.18-0.01-0.17-0.430.15-0.11-0.2-0.01-0.41-0.43-0.36-0.27-0.30.10.07-0.310.140.01-0.3-0.27-0.15-0.12-0.05
Click cells to compare fundamentals

Innovate Corp Account Relationship Matchups

Innovate Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B6.7B1.1B1.2B1.0B1.7B
Short Long Term Debt Total773.6M561.5M626.3M714.4M771.9M578.1M
Other Current Liab153.9M74.7M111.7M85.5M73.4M69.7M
Total Current Liabilities524M251M439.5M417.2M413.8M314.2M
Total Stockholder Equity349.8M559.8M(65.5M)(103.7M)(149.1M)(141.6M)
Property Plant And Equipment Net223.7M113.9M169.9M165M212.6M168.5M
Current Deferred Revenue171.6M(53.7M)79.1M98.6M153.5M161.2M
Net Debt544.8M329.2M580.8M634M690.2M438.3M
Retained Earnings(96.7M)(188.7M)(416.2M)(452.1M)(487.3M)(511.7M)
Accounts Payable134.6M176.3M179.2M202.5M142.9M104.7M
Cash228.8M232.3M45.5M80.4M81.7M94.4M
Non Current Assets Total909.2M710.8M638M615.3M525.7M540.6M
Non Currrent Assets Other188M172.4M73.3M71.9M2.7M2.6M
Cash And Short Term Investments4.3B4.7B45.5M80.4M81.7M77.6M
Net Receivables1.5B1.2B365.7M420M399.1M401.5M
Common Stock Shares Outstanding45.2M50.7M77.7M78.1M78.7M63.9M
Short Term Investments1.3B3.4B4.0B4.5B5.1B5.4B
Liabilities And Stockholders Equity7.0B6.7B1.1B1.2B1.0B1.7B
Non Current Liabilities Total6.0B5.9B629.2M764.1M766.1M1.4B
Other Current Assets300.7M116.5M10.9M16.8M14.7M14.0M
Other Stockholder Equity267.5M341.1M325.4M324.8M322.8M278.4M
Total Liab6.5B6.1B1.1B1.2B1.2B1.7B
Total Current Assets6.0B6.0B442.6M536.4M517.9M492.0M
Accumulated Other Comprehensive Income168.7M396.9M6.4M5.9M(1.1M)(1.2M)
Short Term Debt63.9M53.7M69.5M30.6M44M41.8M
Intangible Assets221.7M174.6M208.4M190.1M178.9M137.0M
Inventory22.6M9.9M17M18.9M22.4M16.8M
Good Will112.5M111M127.4M127.1M146.2M87.3M
Other Liab5.2B5.2B13.9M26.5M23.9M22.7M
Net Tangible Assets28.8M274.2M(420.1M)(438.5M)(394.7M)(374.9M)
Other Assets74.1M65.5M18M19.1M17.2M16.3M
Long Term Debt740.8M507M556.8M683.8M679.3M690.8M
Capital Lease Obligations34.6M800K58.5M53.8M62.1M46.9M
Net Invested Capital1.2B1.1B542M593.1M544.3M613.0M
Long Term Investments177.5M134.5M56M48.2M1.8M1.7M
Property Plant And Equipment Gross405.8M113.9M334.6M349.3M350.3M263.4M
Non Current Liabilities Other427M315.8M4.8M17.4M34.1M32.4M
Net Working Capital5.4B5.7B3.1M120.7M104.7M99.5M

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Additional Information and Resources on Investing in Innovate Stock

When determining whether Innovate Corp is a strong investment it is important to analyze Innovate Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovate Corp's future performance. For an informed investment choice regarding Innovate Stock, refer to the following important reports:
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 closely tied 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Industrial Machinery & Supplies & Components space 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.