Iconic Brands Inc
Iconic Brands, Inc provides wine and spirits, ready-to-freeze alcohol pops, ready-to-drink cocktails, and mixers. The company is based in Amityville, New York. On October 16, 2023, an involuntary petition for liquidation under Chapter 11 was filed against Iconic Brands, Inc. in the U.S. Bankruptcy Court for the Eastern District of New York. On December 4, 2023, the involuntary petition was approv… Read more
Iconic Brands Inc (ICNB) - Total Assets
Latest total assets as of March 2023: $17.20 Million USD
Based on the latest financial reports, Iconic Brands Inc (ICNB) holds total assets worth $17.20 Million USD as of March 2023.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Iconic Brands Inc - Total Assets Trend (2007–2022)
This chart illustrates how Iconic Brands Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Iconic Brands Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
Iconic Brands Inc's total assets of $17.20 Million consist of 23.6% current assets and 76.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.0% |
| Accounts Receivable | $1.30 Million | 7.1% |
| Inventory | $1.55 Million | 8.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.09 Million | 5.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2022)
This chart illustrates how Iconic Brands Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Iconic Brands Inc's current assets represent 23.6% of total assets in 2022, a decrease from 100.0% in 2007.
- Cash Position: Cash and equivalents constituted 5.0% of total assets in 2022, down from 98.7% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 5.0% of total assets, an increase from 0.0% in 2007.
- Asset Diversification: The largest asset category is inventory at 8.5% of total assets.
Iconic Brands Inc Competitors by Total Assets
Key competitors of Iconic Brands Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hite Jinro
KO:000080
|
Korea | ₩3.44 Trillion |
|
Luzhou Lao Jiao Co Ltd
SHE:000568
|
China | CN¥65.50 Billion |
|
Jiugui Liquor Co Ltd
SHE:000799
|
China | CN¥4.65 Billion |
|
Wuliangye Yibin Co Ltd
SHE:000858
|
China | CN¥181.07 Billion |
|
Beijing Shunxin Agriculture Co Ltd
SHE:000860
|
China | CN¥12.93 Billion |
|
Yantai Changyu Pioneer Wine Co Ltd
SHE:000869
|
China | CN¥12.16 Billion |
|
Bohae Brewery
KO:000890
|
Korea | ₩143.36 Billion |
|
Jiangsu Yanghe Brewery Joint-Stock Co Ltd
SHE:002304
|
China | CN¥59.50 Billion |
Iconic Brands Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Iconic Brands Inc generates 0.80x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Iconic Brands Inc is currently not profitable relative to its asset base.
Iconic Brands Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.23 | 0.26 | 0.36 |
| Quick Ratio | 0.13 | 0.19 | 0.25 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-11.10 Million | $ -12.30 Million | $ -1.25 Million |
Iconic Brands Inc - Advanced Valuation Insights
This section examines the relationship between Iconic Brands Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.31 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -63.8% |
| Total Assets | $18.36 Million |
| Market Capitalization | $7.39K USD |
Valuation Analysis
Below Book Valuation: The market values Iconic Brands Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Iconic Brands Inc's assets decreased by 63.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Iconic Brands Inc (2007–2022)
The table below shows the annual total assets of Iconic Brands Inc from 2007 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $18.36 Million | -63.79% |
| 2021-12-31 | $50.71 Million | +3642.49% |
| 2020-12-31 | $1.35 Million | -47.24% |
| 2019-12-31 | $2.57 Million | +355.94% |
| 2018-12-31 | $563.24K | -65.25% |
| 2017-12-31 | $1.62 Million | +513.91% |
| 2016-12-31 | $264.04K | +33.14% |
| 2015-12-31 | $198.32K | +1.70% |
| 2014-12-31 | $195.00K | +55.36% |
| 2010-12-31 | $125.52K | -89.04% |
| 2009-12-31 | $1.15 Million | +125766.04% |
| 2008-12-31 | $910.00 | -98.28% |
| 2007-12-31 | $52.89K | -- |