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. See Innovate Corp short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
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. See VATE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see Innovate Corp (VATE) total market value.
| 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 | — |