Innovate (Innovate) Debt-to-Asset : 0.78 (As of Mar. 2024)

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What is Innovate Debt-to-Asset?

Innovate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $47.70 Mil. Innovate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $688.30 Mil. Innovate's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $943.50 Mil. Innovate's debt to asset for the quarter that ended in Mar. 2024 was 0.78.

Innovate Debt-to-Asset Historical Data

The historical data trend for Innovate's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Innovate Debt-to-Asset Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.09

0.63

0.68

0.74

Innovate Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.73	0.75	0.74	0.74	0.78

Competitive Comparison of Innovate's Debt-to-Asset

For the Engineering & Construction subindustry, Innovate's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovate's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Innovate's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Innovate's Debt-to-Asset falls into.

Innovate Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Innovate's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(44	+	727.9)	/	1043.6
	=	0.74

Innovate's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(47.7	+	688.3)	/	943.5
	=	0.78

Innovate (OTCPK:HCCDZ.PFD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Innovate Debt-to-Asset Related Terms

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Innovate (Innovate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innovate Corp (OTCPK:HCCDZ.PFD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

VATE:USA PSTA:Germany

Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

https://www.innovatecorp.com

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.