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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.
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.
Innovative Designs Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Total Current Assets | Get a 7-Day Free Trial | 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 |
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 |
* 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.
Thank you for viewing the detailed overview of Innovative Designs's Total Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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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