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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.

* Premium members only.

Innovative Designs Total Current Assets Chart

Innovative Designs Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

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

* 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.

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

* 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.


Innovative Designs Total Current Assets Related Terms

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Innovative Designs Business Description

Traded in Other Exchanges
N/A
Address
124 Cherry Street, Pittsburgh, PA, USA, 15223
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

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