BGXX (Bright Green) Construction In Progress: $10.35 Mil (As of Jun. 2024)


What is Bright Green Construction In Progress?

Bright Green BGXX -2.56% Construction In Progress is $10.35 Mil as of Jun. 2024.

Bright Green's quarterly construction in progress declined from Dec. 2023 ($10.64 Mil) to Mar. 2024 ($10.27 Mil) but then increased from Mar. 2024 ($10.27 Mil) to Jun. 2024 ($10.35 Mil).

Bright Green's annual construction in progress increased from Dec. 2021 ($0.30 Mil) to Dec. 2022 ($11.89 Mil) but then declined from Dec. 2022 ($11.89 Mil) to Dec. 2023 ($10.64 Mil).

Bright Green Construction In Progress Historical Data

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The historical data trend for Bright Green's Construction In Progress 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.

Bright Green Construction In Progress Chart

Bright Green Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Construction In Progress
0.00 0.30 11.89 10.64

Bright Green Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Construction In Progress 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 13.01 13.21 10.64 10.27 10.35

Bright Green Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $10.35 Mil mean?
Bright Green (BGXX) has a Construction In Progress of $10.35 Mil as of Jun. 2024. Construction in Progress records the amount of construction work that is not complete. View historical data on Bright Green and its competitors.
Is Bright Green's Construction In Progress too high?
Bright Green's current Construction In Progress is $10.35 Mil.
How does Bright Green's Construction In Progress compare to BFRI and AYTU?
Bright Green's Construction In Progress of $10.35 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Drug Manufacturers company?
A good Construction In Progress depends on the Drug Manufacturers industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Bright Green and its competitors. Bright Green's current Construction In Progress is $10.35 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Green stock overvalued right now?
Bright Green (BGXX) has a current Construction In Progress of $10.35 Mil. The current Construction In Progress is $10.35 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Bright Green (BGXX), the current Construction In Progress is $10.35 Mil as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bright Green Business Description

Address 1033 George Hanosh Boulevard, Grants, NM, USA, 87020
Bright Green Corp is a provider of cannabis, cannabis-related products, and other legal medicinal plant-based therapies, manufactured for research and pharmaceutical applications, as well as being an active ingredient in consumer-based solutions. The company plans to focus on the development of cannabis strains and sales of products with high contents of CBN (cannabinol) and CBG (cannabigerol).