Innovate Corp (VATE) — Tangible Net Worth Ratio
Innovate Corp (VATE) has a Tangible Net Worth Ratio of -1266.0% as of September 2021. This metric is calculated by deducting intangible assets ($213.10 Million) from net assets ($15.60 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Innovate Corp (VATE) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Innovate Corp Tangible Net Worth Ratio (1996–2020)
This chart shows how Innovate Corp's Tangible Net Worth Ratio has changed across 17 annual periods from 1996 to 2020. As of September 2021, the ratio stands at -1266.0%, reflecting net assets of $15.60 Million with intangible assets of $213.10 Million USD. For live market cap and overall valuation, see Innovate Corp market capitalisation.
Annual Tangible Net Worth Ratio for Innovate Corp (1996–2020)
The table below presents the year-by-year Tangible Net Worth Ratio for Innovate Corp from 1996 to 2020, covering 17 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore capital reinvestment ratio of Innovate Corp to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2020 | 72.1% | $615.90 Million | $172.10 Million | $6.72 Billion | ▲ +17.3 pp |
| 2019 | 54.7% | $465.20 Million | $210.60 Million | $6.96 Billion | ▲ +63.4 pp |
| 2018 | -8.7% | $201.70 Million | $219.20 Million | $6.50 Billion | ▼ -47.0 pp |
| 2017 | 38.3% | $189.73 Million | $117.11 Million | $3.22 Billion | ▼ -4.9 pp |
| 2016 | 43.2% | $69.97 Million | $39.72 Million | $2.84 Billion | ▼ -32.4 pp |
| 2015 | 75.6% | $120.65 Million | $29.41 Million | $2.74 Billion | ▲ +3.2 pp |
| 2014 | 72.4% | $112.83 Million | $31.14 Million | $724.05 Million | ▼ -27.6 pp |
| 2013 | 100.0% | $54.41 Million | $0.00 | $87.68 Million | ▲ +92.0 pp |
| 2012 | 8.0% | $68.50 Million | $63.02 Million | $301.19 Million | ▲ +41.4 pp |
| 2011 | -33.4% | $101.71 Million | $135.68 Million | $543.82 Million | ▲ +44.5 pp |
| 2010 | -77.9% | $83.03 Million | $147.75 Million | $514.46 Million | ▲ +1.0 pp |
| 2009 | -79.0% | $99.91 Million | $178.81 Million | $558.91 Million | ▲ +489.6 pp |
| 2000 | -568.6% | $83.69 Million | $559.55 Million | $1.75 Billion | ▼ -458.6 pp |
| 1999 | -110.0% | $191.49 Million | $402.03 Million | $1.45 Billion | ▼ -31.5 pp |
| 1998 | -78.4% | $114.92 Million | $205.04 Million | $673.96 Million | ▼ -100.4 pp |
| 1997 | 22.0% | $42.53 Million | $33.16 Million | $358.01 Million | ▼ -50.2 pp |
| 1996 | 72.2% | $76.44 Million | $21.25 Million | $140.56 Million | — |