ICCT (iCoreConnect) Effective Interest Rate on Debt %: 18.32% (As of Dec. 2024)


What is iCoreConnect Effective Interest Rate on Debt %?

iCoreConnect ICCT Effective Interest Rate on Debt % is 18.32% as of Dec. 2024.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. iCoreConnect's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $1.91 Mil. iCoreConnect's average total debt for the quarter that ended in Dec. 2024 was $10.42 Mil. Therefore, iCoreConnect's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 18.32%.

iCoreConnect  (OTCPK:ICCT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

iCoreConnect Effective Interest Rate on Debt % Related Terms

iCoreConnect Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for iCoreConnect's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

iCoreConnect Annual Data
Trend Jun13 Jun14 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.92 18.08 14.71 15.21 17.07

iCoreConnect Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Effective Interest Rate on Debt % 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 6.37 10.54 19.66 7.72 18.32

ICCT vs OTRKQ, FOXO, GEHC: Effective Interest Rate on Debt % Comparison

For the Health Information Services subindustry, iCoreConnect's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where iCoreConnect's Effective Interest Rate on Debt % falls into.


iCoreConnect Effective Interest Rate on Debt % Calculation

iCoreConnect's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -1.428/( (7.879+8.852)/ 2 )
=-1  *  -1.428/8.3655
=17.07 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.366 + 5.513
=7.879

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.618 + 6.234
=8.852

iCoreConnect's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -1.908/( (11.979+8.852)/ 2 )
=-1  *  -1.908/10.4155
=18.32 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.119 + 7.86
=11.979

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.618 + 6.234
=8.852

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 18.32% mean?
iCoreConnect (ICCT) has a Effective Interest Rate on Debt % of 18.32% as of Dec. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on iCoreConnect and its competitors.
Is iCoreConnect's Effective Interest Rate on Debt % too high?
iCoreConnect's current Effective Interest Rate on Debt % is 18.32%.
How does iCoreConnect's Effective Interest Rate on Debt % compare to OTRKQ and FOXO?
iCoreConnect's Effective Interest Rate on Debt % of 18.32% 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 Effective Interest Rate on Debt % for a Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & Services industry context. However, Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on iCoreConnect and its competitors. iCoreConnect's current Effective Interest Rate on Debt % is 18.32%. 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 Effective Interest Rate on Debt % of 18.32%. The current Effective Interest Rate on Debt % is 18.32%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For iCoreConnect (ICCT), the current Effective Interest Rate on Debt % is 18.32% 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.