ICCT (iCoreConnect) Debt-to-Equity : -3.97 (As of Sep. 2024)

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What is iCoreConnect Debt-to-Equity?

iCoreConnect's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7.86 Mil. iCoreConnect's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4.12 Mil. iCoreConnect's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-3.02 Mil. iCoreConnect's debt to equity for the quarter that ended in Sep. 2024 was -3.97.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for iCoreConnect's Debt-to-Equity or its related term are showing as below:

ICCT' s Debt-to-Equity Range Over the Past 10 Years
Min: -80.11 Med: -0.69 Max: 27.11
Current: -3.97

During the past 13 years, the highest Debt-to-Equity Ratio of iCoreConnect was 27.11. The lowest was -80.11. And the median was -0.69.

ICCT's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.465 vs ICCT: -3.97

iCoreConnect Debt-to-Equity Historical Data

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

* Premium members only.

iCoreConnect Debt-to-Equity Chart

iCoreConnect Annual Data

Trend

Jun12

Jun13

Jun14

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.04

-2.51

3.94

-2.68

1.77

iCoreConnect Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.77	1.77	1.50	27.11	-3.97

Competitive Comparison of iCoreConnect's Debt-to-Equity

For the Health Information Services subindustry, iCoreConnect's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

iCoreConnect Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

iCoreConnect's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.513	+	2.366)	/	4.444
	=	1.77

iCoreConnect's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7.86	+	4.119)	/	-3.021
	=	-3.97

iCoreConnect (NAS:ICCT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

iCoreConnect Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of iCoreConnect's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

iCoreConnect Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » iCoreConnect Inc (NAS:ICCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

529 E Crown Point Road, Suite 250, Ocoee, FL, USA, 34761

Website

https://www.icoreconnect.com

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.

Executives

Archit Shah	officer: Chief Financial Officer	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
John Pasqual	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Joseph Gitto	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Muralidar Chakravarthi	officer: Chief Technology Officer	529 EAST CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Harry Joseph Travis	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
David A. Fidanza	officer: Chief Information Officer	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Robert P Mcdermott	director, 10 percent owner, officer: CEO, President and Chairman	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Mark Penway	officer: Chief Financial Officer	105 S MAPLE STREET, ITASCA IL 60143
Kevin Patrick Mcdermott	director	C/O ICORECONNECT INC., 529 CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Jefff Wayne Stellinga	director	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Robert A Desanti	director, 10 percent owner	529 E. CROWN POINT ROAD, SUITE 250, OCOEE FL 34761
Jeff L Sutton	director	105 S MAPLE STREET, ITASCA IL 60143
Ryan Turner	director	105 S MAPLE STREET, ITASCA IL 60143
Marvin Wesley Schrader	director, officer: Chief Executive Officer	105 S MAPLE STREET, ITASCA IL 60143
Fg Merger Investors Llc	10 percent owner	105 S MAPLE STREET, ITASCA IL 60143