Innovative Designs (Innovative Designs) Interest Expense : $-0.03 Mil (TTM As of Oct. 2023)

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What is Innovative Designs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innovative Designs's interest expense for the three months ended in Oct. 2023 was $ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was $-0.03 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Innovative Designs's Operating Income for the three months ended in Oct. 2023 was $ -0.04 Mil. Innovative Designs's Interest Expense for the three months ended in Oct. 2023 was $ -0.01 Mil. Innovative Designs did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Innovative Designs Interest Expense Historical Data

The historical data trend for Innovative Designs's Interest Expense 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.

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Innovative Designs Interest Expense Chart

Innovative Designs Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-0.02

-0.01

-0.05

-0.04

-0.03

Innovative Designs Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Interest Expense	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

Innovative Designs Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.03 Mil.

Innovative Designs (OTCPK:IVDN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Innovative Designs's Interest Expense for the three months ended in Oct. 2023 was $-0.01 Mil. Its Operating Income for the three months ended in Oct. 2023 was $-0.04 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Oct. 2023 was $0.04 Mil.

Innovative Designs's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Innovative Designs did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Innovative Designs (Innovative Designs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » Interest Expense

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