ICNB (Iconic Brands) LT-Debt-to-Total-Asset: 0.28 (As of Mar. 2023)


ICNB Iconic Brands Inc ICNB
12 GF Score
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What is Iconic Brands LT-Debt-to-Total-Asset?

Iconic Brands ICNB -99.00% 12 LT-Debt-to-Total-Asset is 0.28 as of Mar. 2023. GuruFocus rates ICNB with a GF Score™ of 12/100.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Iconic Brands's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.28.

Iconic Brands's long-term debt to total assets ratio increased from Mar. 2022 (0.08) to Mar. 2023 (0.28). It may suggest that Iconic Brands is progressively becoming more dependent on debt to grow their business.

Iconic Brands  (OTCPK:ICNB) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Iconic Brands LT-Debt-to-Total-Asset Related Terms

Iconic Brands LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Iconic Brands's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Iconic Brands Annual Data
Trend Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.02 0.00 0.06 0.27

Iconic Brands Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
LT-Debt-to-Total-Asset 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 0.08 0.08 0.11 0.27 0.28
ICNB
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Iconic Brands Inc ICNB
LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Iconic Brands LT-Debt-to-Total-Asset Calculation

Iconic Brands's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=5.019/18.359
=0.27

Iconic Brands's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )/Total Assets (Q: Mar. 2023 )
=4.822/17.202
=0.28

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.28 mean?
Iconic Brands (ICNB) has a LT-Debt-to-Total-Asset of 0.28 as of Mar. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Iconic Brands and its competitors.
Is Iconic Brands' LT-Debt-to-Total-Asset too high?
Iconic Brands' current LT-Debt-to-Total-Asset is 0.28. Overall, Iconic Brands has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Iconic Brands' LT-Debt-to-Total-Asset compare to STZ and BF.B?
Iconic Brands' LT-Debt-to-Total-Asset of 0.28 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 LT-Debt-to-Total-Asset for a Beverages - Alcoholic company?
A good LT-Debt-to-Total-Asset depends on the Beverages - Alcoholic industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Iconic Brands and its competitors. Iconic Brands's current LT-Debt-to-Total-Asset is 0.28. 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 LT-Debt-to-Total-Asset of 0.28. The current LT-Debt-to-Total-Asset is 0.28. 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 LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Iconic Brands (ICNB), the current LT-Debt-to-Total-Asset is 0.28 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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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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