IVDN (Innovative Designs) Total Current Assets : $0.91 Mil (As of Apr. 2024)

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What is Innovative Designs Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Innovative Designs's total current assets for the quarter that ended in Apr. 2024 was $0.91 Mil.

Innovative Designs Total Current Assets Historical Data

The historical data trend for Innovative Designs's Total Current Assets 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 Total Current Assets Chart

Innovative Designs Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Current Assets

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0.71

0.68

1.07

0.77

0.82

Innovative Designs Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Total Current Assets	Get a 7-Day Free Trial															0.70	0.77	0.82	0.83	0.91

Innovative Designs Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Innovative Designs's Total Current Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.239	+	0.031	+	0.549	+	-1.1102230246252E-16
	=	0.82

Innovative Designs's Total Current Assets for the quarter that ended in Apr. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.242	+	0.14	+	0.523	+	0
	=	0.91

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Innovative Designs (OTCPK:IVDN) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Innovative Designs's Liquidation Value for the quarter that ended in Apr. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.242	-	0.274	+	0.75 * 0.123	+	0.5 * 0.523
=	0.32

Innovative Designs Total Current Assets Related Terms

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Innovative Designs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovative Designs Inc (OTCPK:IVDN) » Definitions » Total Current Assets

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

Donald Vincent Garlotta	director	124 CHERRY STREET, PITTSBURGH PA 15223
Robert Kennedy Adams	director	3509 WILLIAM PENN DR., SAN ANTONIO TX 78230
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