ICCT (iCoreConnect) Total Current Assets : $1.45 Mil (As of Sep. 2024)

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What is iCoreConnect Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. iCoreConnect's total current assets for the quarter that ended in Sep. 2024 was $1.45 Mil.

iCoreConnect Total Current Assets Historical Data

The historical data trend for iCoreConnect's Total Current Assets 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.

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iCoreConnect Total Current Assets Chart

iCoreConnect Annual Data

Trend

Jun12

Jun13

Jun14

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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0.55

0.15

1.01

1.09

3.51

iCoreConnect Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															2.02	3.51	1.37	1.44	1.45

iCoreConnect Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

iCoreConnect's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1.219	+	0.564	+	0	+	1.725
	=	3.51

iCoreConnect's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	0.212	+	0.798	+	0	+	0.442
	=	1.45

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

iCoreConnect (NAS:ICCT) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

iCoreConnect's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.212	-	17.241	+	0.75 * 0.798	+	0.5 * 0
=	-16.43

iCoreConnect Total Current Assets Related Terms

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iCoreConnect Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » iCoreConnect Inc (NAS:ICCT) » Definitions » Total Current Assets

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

Robert P Mcdermott	director, 10 percent owner, officer: CEO, President and Chairman	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
Archit Shah	officer: Chief Financial Officer	529 E. 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
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