ICCT (iCoreConnect) Debt-to-Asset : 1.56 (As of Dec. 2024)

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What is iCoreConnect Debt-to-Asset?

iCoreConnect ICCT Debt-to-Asset is 1.56 as of Dec. 2024.

iCoreConnect's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $6.23 Mil. iCoreConnect's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $2.62 Mil. iCoreConnect's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $5.69 Mil. iCoreConnect's debt to asset for the quarter that ended in Dec. 2024 was 1.56.

iCoreConnect  (OTCPK:ICCT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

iCoreConnect Debt-to-Asset Related Terms

iCoreConnect Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for iCoreConnect's Debt-to-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.

iCoreConnect Debt-to-Asset Chart

iCoreConnect Annual Data
Trend Jun13 Jun14 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.60 1.02 0.50 1.56

iCoreConnect Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-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 0.50 0.45 0.64 0.84 1.56

ICCT vs OTRKQ, FOXO, GEHC: Debt-to-Asset Comparison

For the Health Information Services subindustry, iCoreConnect's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

iCoreConnect Debt-to-Asset vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where iCoreConnect's Debt-to-Asset falls into.


iCoreConnect Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

iCoreConnect's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(6.234 + 2.618) / 5.691
=1.56

iCoreConnect's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(6.234 + 2.618) / 5.691
=1.56

* 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 Debt-to-Asset →
What does a Debt-to-Asset of 1.56 mean?
iCoreConnect (ICCT) has a Debt-to-Asset of 1.56 as of Dec. 2024. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on iCoreConnect and its competitors.
Is iCoreConnect's Debt-to-Asset too high?
iCoreConnect's current Debt-to-Asset is 1.56.
How does iCoreConnect's Debt-to-Asset compare to OTRKQ and FOXO?
iCoreConnect's Debt-to-Asset of 1.56 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Healthcare Providers & Services company?
A good Debt-to-Asset depends on the Healthcare Providers & Services industry context. However, Debt-to-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 Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on iCoreConnect and its competitors. iCoreConnect's current Debt-to-Asset is 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iCoreConnect stock overvalued right now?
iCoreConnect (ICCT) has a current Debt-to-Asset of 1.56. The current Debt-to-Asset is 1.56. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For iCoreConnect (ICCT), the current Debt-to-Asset is 1.56 as of Dec. 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.

iCoreConnect Business Description

Address 529 E Crown Point Road, Suite 250, Ocoee, FL, USA, 34761
iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial, and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The company has a single reporting segment for reporting purposes focused on the North American market.