InnovAge HoldingINNV +7.60%71 Quick Ratio is 1.03 as of Mar. 2026, which is 27% below its 10-year median of 1.42. GuruFocus rates INNV with a GF Score™ of 71/100 and a GF Value™ of $6.52 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 680 Healthcare Providers & Services companies, InnovAge Holding ranks worse than 62.65% on this metric.
InnovAge Holding has a quick ratio of 1.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for InnovAge Holding's Quick Ratio or its related term are showing as below:
INNV'
s Quick Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.42 Max: 3.21
Current: 1.03
During the past 7 years, InnovAge Holding's highest Quick Ratio was 3.21. The lowest was 0.78. And the median was 1.42.
INNV's Quick Ratio is ranked worse than 62.65% of 680
companies
in the Healthcare Providers & Services industry
Industry Median: 1.32
vs INNV: 1.03
InnovAge Holding (NAS:INNV) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
InnovAge Holding Quick Ratio Related Terms
InnovAge Holding Quick Ratio Historical Data
* Premium members only.
The historical data trend for InnovAge Holding's Quick Ratio 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.
For the Medical Care Facilities subindustry, InnovAge Holding's Quick Ratio, along with its competitors' market caps and Quick Ratio 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.
InnovAge Holding Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, InnovAge Holding's Quick Ratio distribution charts can be found below:
* The bar in red indicates where InnovAge Holding's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
InnovAge Holding's Quick Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
InnovAge Holding (INNV) has a Quick Ratio of 1.03 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on InnovAge Holding and its competitors. This is 27% below median its historical median of 1.42. Over the past decade, InnovAge Holding's Quick Ratio has ranged from 0.78 to 3.21. According to the industry distribution chart, InnovAge Holding ranks #426 out of 680 companies in the Healthcare Providers & Services industry, placing it in the top 62.6%.
Is InnovAge Holding's Quick Ratio too high?
InnovAge Holding's current Quick Ratio of 1.03 is 27% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.21. The Healthcare Providers & Services industry median Quick Ratio is 1.32. InnovAge Holding's value of 1.03 is 22% below this industry median. Based on the distribution chart, InnovAge Holding ranks #426 out of 680 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, InnovAge Holding has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does InnovAge Holding's Quick Ratio compare to ARDT and AMN?
According to the Healthcare Providers & Services industry distribution chart, InnovAge Holding ranks #426 out of 680 companies for Quick Ratio. This places InnovAge Holding in the lower half of its industry. The industry median Quick Ratio is 1.32. InnovAge Holding's value of 1.03 is 22% below this benchmark. Historically, InnovAge Holding's own Quick Ratio has ranged from 0.78 to 3.21 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.32, InnovAge Holding has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Healthcare Providers & Services company?
The median Quick Ratio among Healthcare Providers & Services companies is 1.32, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. InnovAge Holding's current Quick Ratio of 1.03 is 22% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on InnovAge Holding and its competitors. For the Healthcare Providers & Services industry, the median Quick Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InnovAge Holding's current Quick Ratio is 1.03, which is 27% below median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InnovAge Holding stock overvalued right now?
Based on GuruFocus' analysis, InnovAge Holding (INNV) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.52, compared to a current price of $11.61 — trading 78.1% above its estimated fair value. The current Quick Ratio is 1.03, which is 27% below median its 10-year median of 1.42 and 22% below the Healthcare Providers & Services industry median of 1.32. InnovAge Holding's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For InnovAge Holding (INNV), the current Quick Ratio is 1.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is InnovAge Holding (INNV) Overvalued in 2026?
Based on GuruFocus' analysis, InnovAge Holding stock appears to be overvalued.
The current stock price of $11.61 is trading 78.1% above its estimated GF Value™ of $6.52.
GuruFocus considers InnovAge Holding to be Significantly Overvalued.
Key valuation signals for INNV:
Quick Ratio: 1.03 (27% below median its 10-year median of 1.42)
GF Value™: $6.52 vs. price of $11.61 (78.1% above fair value)
Industry Position: 22% below the Healthcare Providers & Services median (#426 of 680)
No single metric tells the full story. See the INNV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InnovAge Holding Corp is a healthcare delivery platform comprising multiple participants focused on providing all-inclusive, capitated care to high-cost seniors, many of whom are dual-eligible. Its programs are designed to address two of the pressing challenges facing the U.S. healthcare industry: rising costs and poor outcomes. The purpose of the participant-centered care delivery approach is to improve the quality of care participants receive, while keeping them in their homes for as long as possible and reducing the overutilization of high-cost care settings, such as hospitals and nursing homes. The company manages its business as one reportable segment, PACE.
71GF Score
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