Innovate Corp (VATE) — Cash Flow Quality Index
Latest as of June 2024:
1.49x
Innovate Corp (VATE) has a Cash Flow Quality Index of 1.49x as of June 2024. Operating cash flow of $21.50 Million exceeds net income of $14.40 Million, indicating high earnings quality where cash backs reported profits. Explore VATE operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.49x
Operating CF / Net Income
Operating Cash Flow
$21.50 Million
USD
Net Income
$14.40 Million
USD
Data as of
Jun 2024
Most recent filing
Innovate Corp Cash Flow Quality Index (2003–2018)
Historical Cash Flow Quality Index for Innovate Corp across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Innovate Corp cash flow conversion.
Annual Cash Flow Quality Index for Innovate Corp (2003–2018)
Year-by-year earnings quality comparison for Innovate Corp.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2018 | 1.90x | $341.40 Million | $179.90 Million | ▲ +1142.6% |
| 2013 | -0.18x | $-20.32 Million | $111.61 Million | ▼ -121.5% |
| 2012 | 0.85x | $23.57 Million | $27.87 Million | ▲ +1295.5% |
| 2009 | 0.06x | $28.98 Million | $478.19 Million | ▼ -91.7% |
| 2007 | 0.73x | $11.47 Million | $15.74 Million | ▼ -54.5% |
| 2003 | 1.60x | $66.95 Million | $41.81 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.