What is Innovate's debt-to-assets?

Innovate (VATE) reported debt-to-assets of 1.5× in Q1 2026.

How has Innovate's debt-to-assets changed year-over-year?

Innovate's debt-to-assets increased by 3.4% year-over-year, from 1.4× to 1.5×.

What is the long-term trend for Innovate's debt-to-assets?

Over 5 years (2020 to 2025), Innovate's debt-to-assets has grown at a 54.7% compound annual growth rate (CAGR), from 0.2× to 1.4×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

Innovate VATE Debt-to-assets

Debt-to-assets at other companies

MTZ

MasTecMTZ

0.3×0.0×

Gray TelevisionGTN

0.6×0.0×

NucorNUE

0×0.0×

ESO

Energy Services of AmericaESOA

0.1×-0.1×

Cardinal Infrastructure Group, Inc. CDNL

0.3×—

Sterling Infrastructure, Inc.STRL

0.1×-0.1×

Other financials

Income statement

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Revenue$364.8M+33.0%

Gross profit$53.5M+17.6%

Operating income$10.0M+194%

Net income-$16.8M+31.4%

EPS (diluted)-$1.29+31.7%

Balance sheet

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Cash & equivalents$134.6M+297%

Total debt$1.4B+11.6%

Total equity-$256.3M-25.5%

Total assets$936.8M+7.9%

Cash flow

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Operating cash flow$45.5M+423%

CapEx$200.0K-95.7%

Free cash flow$45.3M+341%

Valuation

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Market cap$254.69M+274%

Where this comes from

Calculated from Innovate’s reported figures.

total debt/total assets=1.5×

Based on the most recent quarter.

The official record: Innovate’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovate's debt-to-assets?: Innovate (VATE) reported debt-to-assets of 1.5× in Q1 2026.
How has Innovate's debt-to-assets changed year-over-year?: Innovate's debt-to-assets increased by 3.4% year-over-year, from 1.4× to 1.5×.
What is the long-term trend for Innovate's debt-to-assets?: Over 5 years (2020 to 2025), Innovate's debt-to-assets has grown at a 54.7% compound annual growth rate (CAGR), from 0.2× to 1.4×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.