Joseph Riccelli - Innovative Designs VP
| IVDN Stock | | | USD 0.19 0.03 18.75% |
VP
Mr. Joseph Riccelli, Sr., is Chairman of the Board, Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer of Innovative Designs Inc. Mr. Riccelli was the owner of Pittsburgh Foreign and Domestic, a sole proprietor car dealership located in Glenshaw, Pennsylvania. Joseph Riccelli, Sr. attended Point Park College located in Pittsburgh, Pennsylvania from 1971 to 1972. since 2008.
| Age | 42 |
| Tenure | 17 years |
| Phone | 412 799 0350 |
| Web | https://www.idigear.com |
Innovative Designs Management Efficiency
The company has return on total asset
(ROA) of
(0.2008) % which means that it has lost $0.2008 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity
(ROE) of
(0.3853) %, meaning that it created substantial loss on money invested by shareholders. Innovative Designs' management efficiency ratios could be used to measure how well Innovative Designs manages its routine affairs as well as how well it operates its assets and liabilities.
Innovative Designs currently holds 71.72
K in liabilities with Debt to Equity
(D/E) ratio of 0.28, which may suggest the company is not taking enough advantage from borrowing. Innovative Designs has a current ratio of 1.95, which is within standard range for the sector. Debt can assist Innovative Designs until it has trouble settling it off, either with new capital or with free cash flow. So, Innovative Designs' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innovative Designs sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innovative to invest in growth at high rates of return. When we think about Innovative Designs' use of debt, we should always consider it together with cash and equity.
Similar Executives
Innovative Designs, Inc. manufactures and markets cold weather recreational and industrial clothing products in the United States and Canada. Innovative Designs, Inc. was incorporated in 2002 and is based in Pittsburgh, Pennsylvania. Innovative Designs operates under Apparel Retail classification in the United States and is traded on OTC Exchange. It employs 2 people. Innovative Designs [IVDN] is a
Pink Sheet which is traded through a dealer network over-the-counter (OTC).
Management Performance
Innovative Designs Management Team
Elected by the shareholders, the Innovative Designs' board of directors comprises two types of representatives: Innovative Designs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innovative. The board's role is to monitor Innovative Designs' management team and ensure that shareholders' interests are well served. Innovative Designs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Innovative Designs' outside directors are responsible for providing unbiased perspectives on the board's policies.
Innovative Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Innovative Designs a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Other Information on Investing in Innovative Pink Sheet
Innovative Designs financial ratios help investors to determine whether Innovative Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innovative with respect to the benefits of owning Innovative Designs security.