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iCoreConnect (iCoreConnect) Total Current Liabilities : $12.28 Mil (As of Mar. 2024)


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What is iCoreConnect Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. iCoreConnect's total current liabilities for the quarter that ended in Mar. 2024 was $12.28

iCoreConnect Total Current Liabilities Historical Data

The historical data trend for iCoreConnect's Total Current Liabilities 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 Total Current Liabilities Chart

iCoreConnect Annual Data
Trend Jun12 Jun13 Jun14 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 3.19 4.05 6.80 8.88

iCoreConnect Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Current Liabilities 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 7.41 9.88 9.00 8.88 12.28

iCoreConnect Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

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

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=3.243+5.513
+Other Current Liabilities+Current Deferred Liabilities
=0+0.12
=8.88

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

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=4.894+7.201
+Other Current Liabilities+Current Deferred Liabilities
=1.7763568394003E-15+0.181
=12.28

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to 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. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

iCoreConnect Total Current Liabilities Related Terms

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iCoreConnect (iCoreConnect) Business Description

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

iCoreConnect (iCoreConnect) Headlines

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iCoreConnect Expands Endorsement with New York State Dental Association, 2nd Largest Dental Association in the Country

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iCoreConnect Announces Launch of iCoreClaims, an Insurance Revenue Cycle Management Solution

By Marketwired • 08-17-2023

iCoreConnect, Inc. Acquires Assets of Preferred Dental Services to Enhance Its Revenue Cycle Management Offerings to Customers, Further Driving Revenue Growth Opportunities

By GlobeNewswire • 09-07-2023

iCoreConnect Announces New Version of Its iCoreExchange Encrypted HIPAA Email and Referral Network

By Marketwired • 09-06-2023