Innovate (VATE) Interest Coverage Ratio (2010 - 2025)
Innovate (VATE) posted quarterly Interest Coverage Ratio of 0.6 for Q4 2025, up 948.47% year-over-year from 0.06 in Q4 2024, and up 551.51% quarter-over-quarter from 0.09 in Q3 2025.
Innovate (VATE) Interest Coverage Ratio (2010 - 2025) Analysis & Trends
Innovate's Interest Coverage Ratio history runs 16 years deep, the most recent figure standing at 0.6 for Q4 2025.
- In Q4 2025, Interest Coverage Ratio rose 948.47% year-over-year to 0.6; the TTM figure through Dec 2025 stood at 0.96 (down 47.75% YoY), while the FY2025 annual figure was 0.21, down 33.27% from the prior year.
- Interest Coverage Ratio for Q4 2025 stood at 0.6, up from 0.09 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.
- The 5-year median for Interest Coverage Ratio is 0.12 (2024), against an average of 0.17.
- Peak annual rise in Interest Coverage Ratio reached 1211.96% in 2023, while the deepest fall reached 645.05% in 2023.
- Innovate's Interest Coverage Ratio stood at 0.55 in 2021, then tumbled by 65.77% to 0.19 in 2022, then sank by 382.8% to 0.53 in 2023, then surged by 86.86% to 0.07 in 2024, then surged by 948.47% to 0.6 in 2025.
- Business Quant data shows VATE's Interest Coverage Ratio at 0.6 in Q4 2025, 0.09 in Q3 2025, and 0.08 in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 102.18 Bn | 101.77 Bn | 1.55 Bn | 9.45 |
| 2 | Comfort Systems Usa | 72.82 Bn | 70.97 Bn | 844.23 Mn | 1.34 |
| 3 | Ferrovial | 47.62 Bn | 42.63 Bn | - | - |
| 4 | Emcor | 36.31 Bn | 35.39 Bn | 1.02 Bn | 810.87 |
| 5 | Mastec | 20.38 Bn | 20.19 Bn | 556.28 Mn | 4.87 |
| 6 | Sterling Infrastructure | 19.23 Bn | 18.73 Bn | 194.30 Mn | 2.15 |
| 7 | APi | 17.20 Bn | 16.35 Bn | 703.00 Mn | 1.67 |
| 8 | Jacobs Solutions | 16.40 Bn | 15.02 Bn | 794.89 Mn | -1.07 |
| 9 | IES Holdings | 15.99 Bn | 15.73 Bn | 340.66 Mn | 177.31 |
| 10 | Innovate | 101.71 Mn | 507,135.29 | 58.90 Mn | 0.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.60 |
| Sep 30, 2025 | 0.09 |
| Jun 30, 2025 | 0.08 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | -0.07 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 1.75 |
| Mar 31, 2024 | 0.14 |
| Dec 31, 2023 | -0.53 |
| Sep 30, 2023 | 0.63 |
| Jun 30, 2023 | 0.36 |
| Mar 31, 2023 | -0.21 |
| Dec 31, 2022 | 0.19 |
| Sep 30, 2022 | 0.50 |
| Jun 30, 2022 | -0.03 |
| Mar 31, 2022 | 0.04 |
| Dec 31, 2021 | 0.55 |
| Sep 30, 2021 | 0.09 |
| Jun 30, 2021 | -0.62 |
| Mar 31, 2021 | -0.51 |