INNVInnovAge Holding Corp.

$11.04

Is it safe?

Can INNV take a bad year?

InnovAge Holding Corp. holds $81M more cash than debt, so a bad year is a question about profits, not about lenders.

$81M

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Altman Z-score
4.11

Altman Z-score · safe zone, above 3

Debt / equity
0.25×

Debt / equity

Details
Total debtQ3 2026
$58M
Cash and short-term investments
$139M
Net cash
$81M
EBITDA, trailing twelve months
$8.5M
Operating profit, trailing twelve months
−$9.7M
Debt / equity
0.25×
Total debt / EBITDA
6.82×
Annualised volatilitytwo years of daily moves
72%
Worst drawdown on file
−90%
Below its 52-week high
−7.1%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.