Innovate (FRA:PSTA) Debt-to-Equity : -4.66 (As of Dec. 2023)

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What is Innovate Debt-to-Equity?

Innovate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €40 Mil. Innovate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €667 Mil. Innovate's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-152 Mil. Innovate's debt to equity for the quarter that ended in Dec. 2023 was -4.66.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Innovate's Debt-to-Equity or its related term are showing as below:

FRA:PSTA' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.12 Med: 3.01 Max: 9.69
Current: -4.66

During the past 13 years, the highest Debt-to-Equity Ratio of Innovate was 9.69. The lowest was -8.12. And the median was 3.01.

FRA:PSTA's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs FRA:PSTA: -4.66

Innovate Debt-to-Equity Historical Data

The historical data trend for Innovate's Debt-to-Equity 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.

* Premium members only.

Innovate Debt-to-Equity Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.07

1.06

-8.12

-6.47

-4.66

Innovate Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-6.47	-5.43	-5.35	-5.16	-4.66

Competitive Comparison of Innovate's Debt-to-Equity

For the Engineering & Construction subindustry, Innovate's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Construction Industry

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

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

Innovate Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(40.348	+	667.484)	/	-151.763
	=	-4.66

Innovate's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(40.348	+	667.484)	/	-151.763
	=	-4.66

Innovate (FRA:PSTA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Innovate Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Innovate's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovate (FRA:PSTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innovate Corp (FRA:PSTA) » Definitions » Debt-to-Equity

Comparable Companies

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VATE:USA

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.

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