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Innovative Payment Solutions (Innovative Payment Solutions) Preferred Stock : $0.00 Mil (As of Mar. 2024)


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What is Innovative Payment Solutions Preferred Stock?

Preferred stock is a special equity security that has properties of both equity and debt. Innovative Payment Solutions's preferred stock for the quarter that ended in Mar. 2024 was $0.00 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. Innovative Payment Solutions's Enterprise Value for the quarter that ended in Mar. 2024 was $7.69 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. Innovative Payment Solutions's Book Value per Share for the quarter that ended in Mar. 2024 was $-0.55.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). Innovative Payment Solutions's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.02.


Innovative Payment Solutions Preferred Stock Historical Data

The historical data trend for Innovative Payment Solutions's Preferred Stock 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 Payment Solutions Preferred Stock Chart

Innovative Payment Solutions Annual Data
Trend Oct14 Oct15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Preferred Stock
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Innovative Payment Solutions Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Innovative Payment Solutions Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:


Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.


Innovative Payment Solutions  (OTCPK:IPSI) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffett’s Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

Innovative Payment Solutions's Enterprise Value for the quarter that ended in Mar. 2024 is calculated as

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

Innovative Payment Solutions's Book Value per Share for the quarter that ended in Mar. 2024 is calculated as

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

Innovative Payment Solutions's Earnings per Share (Diluted) (EPS) for the three months ended in Mar. 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.


Innovative Payment Solutions Preferred Stock Related Terms

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Innovative Payment Solutions (Innovative Payment Solutions) Business Description

Traded in Other Exchanges
N/A
Address
56B 5th Street, Lot 1, Suite AT, Carmel by the Sea, CA, USA, 93921
Innovative Payment Solutions Inc provides an integrated network of kiosks, terminals, and payment channels that enable consumers to deposit cash, convert it into a digital form, and remit the funds to any merchant in its network quickly and securely.
Executives
Richard Rosenblum 10 percent owner, other: President and CFO 19 HORIZON DRIVE, WAYNE NJ 07470
David F Rios director 14924 DIDUCA WAY, LOS GATOS CA 95032
Clifford W. Henry director PO BOX 1148, ZEPHYR COVE NV 89449-1148
Madisson Gracee Corbett director 19355 BUSINESS CENTER DRIVE., #9, NORTHRIDGE CA 91324
James W Fuller director C/O BAYTREE CAPITAL ASSOCIATES LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
Andrey Novikov director, officer: CHIEF TECHNOLOGY OFFICER 19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324
William D. Corbett director, officer: Chief Executive Officer 1720 W DIVISION STREET, 3RD FLOOR, CHICAGO IL 606622
Jimmy I Gibbs 10 percent owner 9855 WARREN H. ABERNATHY HIGHWAY, SPARTANBURG SC 29301
Mark John Korb officer: Chief Financial Officer 1900 GLADES ROAD, SUITE 435, BOCA RATON FL 33431
Gaston Singh Pereira director, officer: Chairman of the Board and CEO 1900 GLADES ROAD, SUITE 265, BOCA RATON FL 33431
Sarmad Singh Harake director 1900 GLADES ROAD, SUITE 265, BOCA RATON NY 33431

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