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InnovAge Holding Corp
NASDAQ INNV
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InnovAge Holding Corp Interest Coverage Ratio 2 year CAGR for the quarter ending March 31, 2024: -30.66%
InnovAge Holding Corp Interest Coverage Ratio 2 year CAGR is -30.66% for the quarter ending March 31, 2024. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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InnovAge Holding Corp Interest Coverage Ratio for the quarter ending March 31, 2023 was -20.17, a -114.31% change year over year.
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InnovAge Holding Corp Interest Coverage Ratio for the quarter ending March 31, 2022 was -9.41, a -1,517.30% change year over year.
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InnovAge Holding Corp Interest Coverage Ratio for the quarter ending March 31, 2021 was 0.66, a -88.14% change year over year.
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InnovAge Holding Corp Interest Coverage Ratio for the quarter ending March 31, 2020 was 5.60, a 303.88% change year over year.
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NASDAQ: INNV
| CEO | Mr. Patrick Blair |
| IPO Date | March 4, 2021 |
| Location | United States |
| Headquarters | 8950 East Lowry Boulevard, Denver, CO, United States, 80230 |
| Employees | 2,100 |
| Sector | Healthcare |
| Industry | Medical care facilities |
Description
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management. The company serves participants in the United States; and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado.
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StockViz Staff
September 20, 2024
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