Innovative Designs (Innovative Designs) Equity-to-Asset

: 0.74 (As of Oct. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Innovative Designs's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $1.11 Mil. Innovative Designs's Total Assets for the quarter that ended in Oct. 2023 was $1.50 Mil. Therefore, Innovative Designs's Equity to Asset Ratio for the quarter that ended in Oct. 2023 was 0.74.

The historical rank and industry rank for Innovative Designs's Equity-to-Asset or its related term are showing as below:

IVDN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.68 Max: 0.75
Current: 0.74

During the past 13 years, the highest Equity to Asset Ratio of Innovative Designs was 0.75. The lowest was 0.47. And the median was 0.68.

IVDN's Equity-to-Asset is ranked better than
86.62% of 1114 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs IVDN: 0.74

Innovative Designs Equity-to-Asset Historical Data

The historical data trend for Innovative Designs's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Innovative Designs Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Equity-to-Asset

0.62

0.57

0.55

0.68

0.74

Innovative Designs Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Equity-to-Asset																0.68	0.72	0.69	0.69	0.74

Competitive Comparison

For the Apparel Retail subindustry, Innovative Designs's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovative Designs Equity-to-Asset Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovative Designs's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Innovative Designs's Equity-to-Asset falls into.

Innovative Designs Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Innovative Designs's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.109	/	1.504
	=	0.74

Innovative Designs's Equity to Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

Equity to Asset (Q: Oct. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.109	/	1.504
	=	0.74

Innovative Designs (OTCPK:IVDN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Innovative Designs Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Innovative Designs's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovative Designs (Innovative Designs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Cherry Street, Pittsburgh, PA, USA, 15223

Website

https://www.idigear.com

Innovative Designs Inc markets cold-weather recreational and industrial clothing products, as well as house wrap, which is made from INSULTEX, a low density foamed polyethylene with buoyancy, scent block and thermal resistant properties. The business activity of the firm is operated through two segments Apparel and Housewrap. The Apparel segment offers a range of cold weather apparel and related items. The Housewrap segment includes its INSULTEX House Wrap and its own seam tape. It generates maximum revenue from the Housewrap segment.

Executives

Robert Kennedy Adams	director	3509 WILLIAM PENN DR., SAN ANTONIO TX 78230
Donald Vincent Garlotta	director	124 CHERRY STREET, PITTSBURGH PA 15223
Joseph Riccelli	director, 10 percent owner, officer: Chief Executive Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean Kolocouris	director	109 FOX PATH, MOON TWP PA 15108
Daniel P Rains	director	2509 WIEWAN ROAD, ALIQUIPPA PA 15001
Robert D Monsour	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Innovative Designs Inc	director	124 CHERRY ST., STE 1, PITTSBURGH PA 15223
Joseph A Riccelli	officer: Vice President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dean P Kolocouris	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Frank Riccelli	director, 10 percent owner, officer: President	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Dominic Cerniglia	director	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215
Anthony Fonzi	director, officer: Chief Financial Officer	223 NORTH MAIN STREET, SUITE 1, PITTSBURGH PA 15215