ICCT (iCoreConnect) Debt-to-Equity: -0.90 (As of Dec. 2024)

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What is iCoreConnect Debt-to-Equity?

iCoreConnect ICCT Debt-to-Equity is -0.90 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 Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-9.80 Mil. iCoreConnect's debt to equity for the quarter that ended in Dec. 2024 was -0.90.

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 is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 0.41
* Ranked among companies with meaningful Debt-to-Equity only.

iCoreConnect  (OTCPK: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

iCoreConnect Debt-to-Equity Historical Data

* Premium members only.

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.

iCoreConnect Debt-to-Equity Chart

iCoreConnect Annual Data
Trend Jun13 Jun14 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.51 3.94 -2.68 1.77 -0.90

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-Equity 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 1.77 1.50 27.11 -3.97 -0.90

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

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 Debt-to-Equity vs 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. 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
=(6.234 + 2.618) / -9.795
=-0.90

iCoreConnect's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(6.234 + 2.618) / -9.795
=-0.90

* 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-Equity →
What does a Debt-to-Equity of -0.90 mean?
iCoreConnect (ICCT) has a Debt-to-Equity of -0.90 as of Dec. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on iCoreConnect and its competitors.
Is iCoreConnect's Debt-to-Equity too high?
iCoreConnect's current Debt-to-Equity is -0.90.
How does iCoreConnect's Debt-to-Equity compare to OTRKQ and FOXO?
iCoreConnect's Debt-to-Equity of -0.90 can be compared against companies in the Healthcare Providers & Services industry. The industry median Debt-to-Equity is 0.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Healthcare Providers & Services company?
The median Debt-to-Equity among Healthcare Providers & Services companies is 0.41, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on iCoreConnect and its competitors. For the Healthcare Providers & Services industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iCoreConnect's current Debt-to-Equity is -0.90. 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-Equity of -0.90. The current Debt-to-Equity is -0.90. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For iCoreConnect (ICCT), the current Debt-to-Equity is -0.90 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.