InnovAge Holding (INNV) Interest Coverage Ratio (2020 - 2024)
InnovAge Holding (INNV) posted Interest Coverage Ratio of 5.67 for Q1 2024, down 196.91% quarter-over-quarter from 1.91 in Q4 2023, and up 71.9% year-on-year from 3.3 in Q2 2023.
InnovAge Holding (INNV) Interest Coverage Ratio (2020 - 2024) Analysis & Trends
InnovAge Holding (INNV) has reported Interest Coverage Ratio for 5 consecutive years, with 5.67 the latest figure, recorded in Q1 2024.
- Interest Coverage Ratio for Q1 2024 came in at 5.67, up 71.9% year-over-year; the trailing twelve-month figure through Dec 2024 was 27.52 (down 74.2% YoY), and the FY2022 annual result was 1.74, down 137.34% from the prior year.
- Interest Coverage Ratio was 5.67 for Q1 2024 at InnovAge Holding, down from 1.91 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 21.32 in Q3 2021 and troughed at 61.35 in Q4 2022.
- Average Interest Coverage Ratio over 5 years is 11.4, with a median of 6.88 recorded in 2020.
- Year-over-year, Interest Coverage Ratio jumped 414.39% in 2021 and tumbled 1500.16% in 2022.
- Over 5 years, Interest Coverage Ratio stood at 3.13 in 2020, then surged by 39.81% to 4.38 in 2021, then tumbled by 1500.16% to 61.35 in 2022, then jumped by 96.89% to 1.91 in 2023, then tumbled by 196.91% to 5.67 in 2024.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 5.67 in Q1 2024, 1.91 in Q4 2023, and 16.21 in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | -0.97 |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 165.19 |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 6.32 |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 3.32 |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 1.88 |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 64.62 |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 13.54 |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 18.69 |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | - |
| 10 | InnovAge Holding | 1.59 Bn | 1.50 Bn | 243.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -5.67 |
| Dec 31, 2023 | -1.91 |
| Sep 30, 2023 | -16.21 |
| Mar 31, 2023 | -20.17 |
| Dec 31, 2022 | -61.35 |
| Sep 30, 2022 | -27.53 |
| Jun 30, 2022 | -20.72 |
| Mar 31, 2022 | -9.41 |
| Dec 31, 2021 | 4.38 |
| Sep 30, 2021 | 21.32 |
| Jun 30, 2021 | -38.93 |
| Mar 31, 2021 | -1.10 |
| Dec 31, 2020 | 3.13 |
| Sep 30, 2020 | -6.78 |
| Jun 30, 2020 | -6.99 |
| Mar 31, 2020 | 5.50 |