What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Innovate VATE Debt-to-equity

Discontinued — last reported Q2 '21

Debt-to-equity at other companies

MTZ

MasTecMTZ

1×0.0×

Gray TelevisionGTN

2.8×+0.2×

NucorNUE

0×0.0×

ESO

Energy Services of AmericaESOA

0.3×-0.5×

Sterling Infrastructure, Inc.STRL

0.3×-0.2×

VMI

Valmont IndustriesVMI

0.5×0.0×

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+196%

Enterprise value$1.52B+21.4%

P/S0.2×+0.1×

Profitability

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Gross margin15.5%-3.8pp

Operating margin2.6%-1.2pp

Net margin-4%0.0pp

FCF margin15.7%—

Returns & leverage

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Return on equity-8.1%—

Current ratio0.4×0.0×

Where this comes from

Calculated from Innovate’s reported figures.

total debt/total stockholders equity=1.7×

Based on the most recent quarter.

The official record: Innovate’s 10-Q, filed August 3, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.