Skip to content
OpenCapital
Get started

Innovate VATE Interest coverage

Interest coverage at other companies

MTZ
MasTecMTZ
4.4×+1.8×
Gray Television logo
Gray TelevisionGTN
0.8×-0.9×
ESO
Energy Services of AmericaESOA
4.8×+0.1×
Cardinal Infrastructure Group, Inc. logo
Cardinal Infrastructure Group, Inc. CDNL
7.5×+0.1×
VMI
Valmont IndustriesVMI
11.1×+1.2×
Foster (Lb) Co. logo
Foster (Lb) Co.FSTR
5.5×+5.4×

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow$45.5M+423%
CapEx$200.0K-95.7%
Free cash flow$45.3M+341%

Valuation

See full
Market cap$254.69M+274%

Where this comes from

Calculated from Innovate’s reported figures.

ebit/interest expense=0.4×

Based on trailing twelve months.

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

Ask your AI about Innovate's interest coverage.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Innovate's interest coverage?
Innovate (VATE) reported interest coverage of 0.4× in Q1 2026.
How has Innovate's interest coverage changed year-over-year?
Innovate's interest coverage decreased by 27.8% year-over-year, from 0.5× to 0.4×.
What is the long-term trend for Innovate's interest coverage?
Over 5 years (2020 to 2025), Innovate's interest coverage has grown at a -5.3% compound annual growth rate (CAGR), from -0.4× to 0.3×.
What does interest coverage mean?
Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.