ICNB (Iconic Brands) Construction In Progress: $0.59 Mil (As of Mar. 2023)


ICNB Iconic Brands Inc ICNB
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What is Iconic Brands Construction In Progress?

Iconic Brands ICNB -99.00% 12 Construction In Progress is $0.59 Mil as of Mar. 2023. GuruFocus rates ICNB with a GF Score™ of 12/100.

Iconic Brands's quarterly construction in progress increased from Sep. 2022 ($0.00 Mil) to Dec. 2022 ($0.26 Mil) and increased from Dec. 2022 ($0.26 Mil) to Mar. 2023 ($0.59 Mil).

Iconic Brands's annual construction in progress increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($2.48 Mil) but then declined from Dec. 2021 ($2.48 Mil) to Dec. 2022 ($0.26 Mil).

Iconic Brands Construction In Progress Historical Data

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The historical data trend for Iconic Brands'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.

Iconic Brands Construction In Progress Chart

Iconic Brands Annual Data
Trend Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.48 0.26

Iconic Brands Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.26 0.59
ICNB
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Iconic Brands Inc ICNB
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Iconic Brands 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 $0.59 Mil mean?
Iconic Brands (ICNB) has a Construction In Progress of $0.59 Mil as of Mar. 2023. Construction in Progress records the amount of construction work that is not complete. View historical data on Iconic Brands and its competitors.
Is Iconic Brands' Construction In Progress too high?
Iconic Brands' current Construction In Progress is $0.59 Mil. Overall, Iconic Brands has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Iconic Brands' Construction In Progress compare to STZ and BF.B?
Iconic Brands' Construction In Progress of $0.59 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Construction In Progress depends on the Beverages - Alcoholic 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 Iconic Brands and its competitors. Iconic Brands's current Construction In Progress is $0.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iconic Brands stock overvalued right now?
Iconic Brands (ICNB) has a current Construction In Progress of $0.59 Mil. The current Construction In Progress is $0.59 Mil. Iconic Brands' overall GF Score™ is 12/100. 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 Iconic Brands (ICNB), the current Construction In Progress is $0.59 Mil as of Mar. 2023. 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.

Iconic Brands Business Description

Address 44 Seabro Avenue, Amityville, NY, USA, 11701
Iconic Brands Inc is engaged in the development and sale of alcohol and non-alcohol brands that are Better-for-You (BFY) and Better-for-the-Planet. The company's brands include Bellissima by Christie Brinkley, a premium BFY collection of Prosecco, Sparkling Wines, and Still Wines, all certified vegan and made with organic grapes. The Company has two reportable segments: the sale of branded alcoholic beverages segment includes the development and sale of alcohol and non-alcohol brands that are BFY and better-for-the-planet and the specialty packaging segment includes the packaging of low-calorie, ready-to-go products, RTF products, and RTD products in sustainable, flexible and stand-up pouch packaging.
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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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