Innovate (VATE) Interest Coverage Ratio (2010 - 2025)
Innovate (VATE) posted quarterly Interest Coverage Ratio of 0.6 for Q4 2025, up 367.13% year-over-year from 0.13 in Q4 2024, and up 128.57% on a QoQ basis from 0.26 in Q3 2025.
Innovate (VATE) Interest Coverage Ratio (2010 - 2025) Analysis & Trends
Innovate (VATE) has reported Interest Coverage Ratio for 16 consecutive years, with 0.6 the latest figure, recorded in Q4 2025.
- In Q4 2025, Interest Coverage Ratio rose 367.13% year-over-year to 0.6; the TTM figure through Dec 2025 stood at 0.32 (down 39.94% YoY), while the FY2025 annual figure was 0.32, down 39.94% from the prior year.
- Interest Coverage Ratio came in at 0.6 for Q4 2025 at Innovate, up from 0.26 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 1.75 in Q2 2024, with the low at 0.62 in Q2 2021.
- Average Interest Coverage Ratio over 5 years is 0.28, with a median of 0.24 recorded in 2025.
- The largest YoY upside for Interest Coverage Ratio was 1211.96% in 2023 against a maximum downside of 561.54% in 2023.
- Year by year, Interest Coverage Ratio stood at 0.55 in 2021, then declined by 13.42% to 0.48 in 2022, then soared by 52.56% to 0.73 in 2023, then plunged by 82.51% to 0.13 in 2024, then surged by 367.13% to 0.6 in 2025.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 0.6, 0.26, and 0.23 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | - |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 4.62 |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 3.26 |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 34.33 |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 3.43 |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | -1.98 |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 73.32 |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 4.90 |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 16.81 |
| 10 | Innovate | 219.28 Mn | 121.08 Mn | 58.90 Mn | 0.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.60 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.13 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 1.75 |
| Mar 31, 2024 | 0.16 |
| Dec 31, 2023 | 0.73 |
| Sep 30, 2023 | 0.63 |
| Jun 30, 2023 | 0.36 |
| Mar 31, 2023 | -0.26 |
| Dec 31, 2022 | 0.48 |
| Sep 30, 2022 | 0.50 |
| Jun 30, 2022 | -0.03 |
| Mar 31, 2022 | 0.06 |
| Dec 31, 2021 | 0.55 |
| Sep 30, 2021 | 0.09 |
| Jun 30, 2021 | -0.62 |
| Mar 31, 2021 | -0.51 |