InnovAge Long Term Debt vs Total Assets Analysis

INNV Stock

USD 4.08 0.20 5.15%

InnovAge Holding financial indicator trend analysis is infinitely more than just investigating InnovAge Holding Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InnovAge Holding Corp is a good investment. Please check the relationship between InnovAge Holding Long Term Debt and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InnovAge Holding Corp Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between InnovAge Holding's Long Term Debt and Total Assets is 0.47. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of InnovAge Holding Corp, assuming nothing else is changed. The correlation between historical values of InnovAge Holding's Long Term Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of InnovAge Holding Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt i.e., InnovAge Holding's Long Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that InnovAge Holding Corp has held for over one year. Long-term debt appears on InnovAge Holding Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on InnovAge Holding Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Assets

Total assets refers to the total amount of InnovAge Holding assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in InnovAge Holding Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from InnovAge Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InnovAge Holding Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 70.5 M in 2024. Tax Provision is likely to climb to about (3.4 M) in 2024

	2020	2022	2023	2024 (projected)
Gross Profit	174.1M	135.4M	101.3M	93.3M
Total Revenue	637.8M	698.6M	688.1M	408.2M

Gross Profit Total Revenue

InnovAge Holding fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt
Total Assets		0.93	0.88	0.94	0.84	0.76	0.4	0.9	0.96	0.93	0.47	0.88	0.99	0.31	0.74	0.9	0.96	0.99	0.78	0.76	0.88	0.9	-0.79	0.77	-0.14	-0.85
Other Current Liab	0.93		0.99	0.86	0.72	0.8	0.21	0.99	0.86	0.98	0.44	0.8	0.92	0.07	0.89	0.85	0.89	0.9	0.94	0.72	0.84	0.98	-0.78	0.84	0.0	-0.8
Total Current Liabilities	0.88	0.99		0.78	0.64	0.75	0.14	0.99	0.77	0.96	0.45	0.76	0.88	-0.01	0.93	0.84	0.85	0.84	0.96	0.68	0.81	0.98	-0.72	0.84	0.08	-0.71
Total Stockholder Equity	0.94	0.86	0.78		0.84	0.9	0.19	0.83	0.97	0.81	0.24	0.69	0.88	0.26	0.72	0.69	0.92	0.97	0.76	0.7	0.78	0.87	-0.93	0.83	-0.16	-0.97
Other Liab	0.84	0.72	0.64	0.84		0.72	0.42	0.66	0.91	0.73	0.4	0.73	0.82	0.63	0.46	0.69	0.78	0.88	0.57	0.78	0.75	0.69	-0.74	0.49	-0.61	-0.83
Net Tangible Assets	0.76	0.8	0.75	0.9	0.72		-0.17	0.78	0.83	0.7	0.01	0.42	0.67	0.03	0.79	0.44	0.77	0.8	0.84	0.56	0.6	0.85	-0.97	0.87	-0.11	-0.95
Retained Earnings	0.4	0.21	0.14	0.19	0.42	-0.17		0.16	0.37	0.33	0.51	0.7	0.48	0.56	-0.12	0.61	0.24	0.39	-0.11	0.26	0.38	0.09	0.1	-0.22	-0.48	-0.08
Accounts Payable	0.9	0.99	0.99	0.83	0.66	0.78	0.16		0.82	0.96	0.44	0.78	0.89	0.0	0.93	0.83	0.87	0.87	0.95	0.69	0.81	0.99	-0.77	0.86	0.09	-0.77
Cash	0.96	0.86	0.77	0.97	0.91	0.83	0.37	0.82		0.83	0.35	0.79	0.91	0.4	0.66	0.76	0.89	0.99	0.7	0.74	0.8	0.84	-0.86	0.71	-0.32	-0.94
Other Assets	0.93	0.98	0.96	0.81	0.73	0.7	0.33	0.96	0.83		0.53	0.88	0.94	0.17	0.81	0.91	0.9	0.89	0.87	0.74	0.85	0.94	-0.7	0.75	-0.05	-0.73
Long Term Debt	0.47	0.44	0.45	0.24	0.4	0.01	0.51	0.44	0.35	0.53		0.68	0.55	0.57	0.23	0.7	0.43	0.42	0.28	0.54	0.38	0.35	-0.02	0.09	-0.18	-0.12
Net Receivables	0.88	0.8	0.76	0.69	0.73	0.42	0.7	0.78	0.79	0.88	0.68		0.92	0.43	0.55	0.95	0.8	0.84	0.57	0.72	0.82	0.73	-0.48	0.44	-0.23	-0.58
Good Will	0.99	0.92	0.88	0.88	0.82	0.67	0.48	0.89	0.91	0.94	0.55	0.92		0.34	0.71	0.95	0.94	0.96	0.76	0.76	0.89	0.88	-0.7	0.71	-0.14	-0.77
Inventory	0.31	0.07	-0.01	0.26	0.63	0.03	0.56	0.0	0.4	0.17	0.57	0.43	0.34		-0.27	0.32	0.3	0.36	-0.14	0.45	0.24	0.0	-0.1	-0.23	-0.78	-0.24
Other Current Assets	0.74	0.89	0.93	0.72	0.46	0.79	-0.12	0.93	0.66	0.81	0.23	0.55	0.71	-0.27		0.63	0.73	0.71	0.96	0.53	0.65	0.95	-0.73	0.91	0.28	-0.69
Total Liab	0.9	0.85	0.84	0.69	0.69	0.44	0.61	0.83	0.76	0.91	0.7	0.95	0.95	0.32	0.63		0.82	0.84	0.67	0.7	0.86	0.78	-0.45	0.56	-0.09	-0.54
Short Long Term Debt	0.96	0.89	0.85	0.92	0.78	0.77	0.24	0.87	0.89	0.9	0.43	0.8	0.94	0.3	0.73	0.82		0.94	0.79	0.74	0.86	0.88	-0.82	0.8	-0.04	-0.83
Total Current Assets	0.99	0.9	0.84	0.97	0.88	0.8	0.39	0.87	0.99	0.89	0.42	0.84	0.96	0.36	0.71	0.84	0.94		0.75	0.75	0.85	0.88	-0.83	0.76	-0.23	-0.9
Short Term Debt	0.78	0.94	0.96	0.76	0.57	0.84	-0.11	0.95	0.7	0.87	0.28	0.57	0.76	-0.14	0.96	0.67	0.79	0.75		0.59	0.71	0.96	-0.77	0.91	0.16	-0.73
Intangible Assets	0.76	0.72	0.68	0.7	0.78	0.56	0.26	0.69	0.74	0.74	0.54	0.72	0.76	0.45	0.53	0.7	0.74	0.75	0.59		0.81	0.68	-0.6	0.51	-0.24	-0.65
Common Stock	0.88	0.84	0.81	0.78	0.75	0.6	0.38	0.81	0.8	0.85	0.38	0.82	0.89	0.24	0.65	0.86	0.86	0.85	0.71	0.81		0.8	-0.62	0.65	-0.11	-0.68
Property Plant Equipment	0.9	0.98	0.98	0.87	0.69	0.85	0.09	0.99	0.84	0.94	0.35	0.73	0.88	0.0	0.95	0.78	0.88	0.88	0.96	0.68	0.8		-0.83	0.89	0.05	-0.82
Short Long Term Debt Total	-0.79	-0.78	-0.72	-0.93	-0.74	-0.97	0.1	-0.77	-0.86	-0.7	-0.02	-0.48	-0.7	-0.1	-0.73	-0.45	-0.82	-0.83	-0.77	-0.6	-0.62	-0.83		-0.84	0.11	0.98
Property Plant And Equipment Net	0.77	0.84	0.84	0.83	0.49	0.87	-0.22	0.86	0.71	0.75	0.09	0.44	0.71	-0.23	0.91	0.56	0.8	0.76	0.91	0.51	0.65	0.89	-0.84		0.33	-0.78
Current Deferred Revenue	-0.14	0.0	0.08	-0.16	-0.61	-0.11	-0.48	0.09	-0.32	-0.05	-0.18	-0.23	-0.14	-0.78	0.28	-0.09	-0.04	-0.23	0.16	-0.24	-0.11	0.05	0.11	0.33		0.25
Net Debt	-0.85	-0.8	-0.71	-0.97	-0.83	-0.95	-0.08	-0.77	-0.94	-0.73	-0.12	-0.58	-0.77	-0.24	-0.69	-0.54	-0.83	-0.9	-0.73	-0.65	-0.68	-0.82	0.98	-0.78	0.25

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InnovAge Holding Account Relationship Matchups

InnovAge Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	363.2M	409.6M	531.8M	555.6M	567.4M	328.4M
Other Current Liab	32.1M	40.4M	33.2M	47.6M	53.4M	56.0M
Total Current Liabilities	83.5M	76.6M	78.6M	105.3M	148.5M	155.9M
Total Stockholder Equity	74.2M	101.0M	335.1M	332.4M	296.3M	162.3M
Other Liab	10.7M	18.5M	18.9M	7.3M	8.4M	9.0M
Net Tangible Assets	(20.3M)	203.8M	202.3M	166.9M	191.9M	201.5M
Retained Earnings	64.7M	10.7M	11.3M	4.7M	(35.9M)	(34.1M)
Accounts Payable	28.9M	32.3M	32.4M	50.6M	54.9M	57.7M
Cash	59.7M	112.9M	201.5M	184.4M	127.2M	97.9M
Other Assets	3.0M	3.9M	2.8M	3.8M	4.4M	4.6M
Long Term Debt	210.4M	71.6M	68.2M	64.8M	74.6M	82.8M
Net Receivables	48.1M	32.6M	38.0M	42.7M	24.6M	26.5M
Inventory	1.5M	1.7M	2.2M	1.0	(262K)	(248.9K)
Other Current Assets	4.3M	2.2M	9.2M	13.9M	17.4M	18.3M
Total Liab	281.8M	301.9M	173.8M	201.9M	252.6M	155.1M
Short Long Term Debt	1.9M	3.8M	3.8M	3.8M	4.4M	2.5M
Total Current Assets	119.5M	166.9M	250.9M	241.0M	215.2M	137.7M
Short Term Debt	3.6M	3.4M	5.9M	7.2M	12.0M	12.6M
Intangible Assets	5.8M	5.2M	6.5M	5.9M	5.2M	5.6M
Property Plant Equipment	102.5M	142.7M	176.3M	213.4M	245.4M	257.7M
Capital Lease Obligations	5.6M	7.3M	12.8M	40.2M	46.2M	48.5M
Net Invested Capital	313.4M	410.5M	404.4M	364.9M	419.7M	386.4M
Property Plant And Equipment Gross	102.5M	187.5M	233.3M	213.4M	245.4M	184.3M
Non Current Liabilities Other	1.4M	2.8M	1.1M	1.1M	977.4K	1.2M
Net Working Capital	90.3M	172.4M	135.6M	66.8M	76.8M	110.2M

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When determining whether InnovAge Holding Corp is a strong investment it is important to analyze InnovAge Holding's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact InnovAge Holding's future performance. For an informed investment choice regarding InnovAge Stock, refer to the following important reports:

How To Invest In InnovAge

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Is InnovAge Stock a good investment?

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What is InnovAge Holding's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InnovAge Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running InnovAge Holding's price analysis, check to measure InnovAge Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy InnovAge Holding is operating at the current time. Most of InnovAge Holding's value examination focuses on studying past and present price action to predict the probability of InnovAge Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InnovAge Holding's price. Additionally, you may evaluate how the addition of InnovAge Holding to your portfolios can decrease your overall portfolio volatility.

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Is InnovAge Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of InnovAge Holding. If investors know InnovAge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about InnovAge Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.88)

Earnings Share

(0.23)

Revenue Per Share

5.311

Quarterly Revenue Growth

0.128

Return On Assets

(0.04)

The market value of InnovAge Holding Corp is measured differently than its book value, which is the value of InnovAge that is recorded on the company's balance sheet. Investors also form their own opinion of InnovAge Holding's value that differs from its market value or its book value, called intrinsic value, which is InnovAge Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because InnovAge Holding's market value can be influenced by many factors that don't directly affect InnovAge Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between InnovAge Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if InnovAge Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InnovAge Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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InnovAge Long Term Debt vs Total Assets Analysis

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Assets

InnovAge Holding fundamental ratios Correlations

InnovAge Holding Account Relationship Matchups

High Positive Relationship

High Negative Relationship

InnovAge Holding fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Good Will	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Accounts Payable	+ 0.99	Other Current Liab
Accounts Payable	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Accounts Payable

Short Long Term Debt Total	- 0.97	Net Tangible Assets
Net Debt	- 0.97	Total Stockholder Equity
Net Debt	- 0.95	Net Tangible Assets
Net Debt	- 0.94	Cash
Short Long Term Debt Total	- 0.93	Total Stockholder Equity
Net Debt	- 0.9	Total Current Assets