iCoreConnect Balance Sheet Health

Financial Health criteria checks 1/6

iCoreConnect has a total shareholder equity of $6.2M and total debt of $7.6M, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are $20.5M and $14.4M respectively.

Key information

122.8%

Debt to equity ratio

US$7.58m

Debt

Interest coverage ration/a
CashUS$138.03k
EquityUS$6.18m
Total liabilitiesUS$14.36m
Total assetsUS$20.54m

Recent financial health updates

Is iCoreConnect (NASDAQ:ICCT) A Risky Investment?

Mar 16
Is iCoreConnect (NASDAQ:ICCT) A Risky Investment?

Recent updates

Is iCoreConnect (NASDAQ:ICCT) A Risky Investment?

Mar 16
Is iCoreConnect (NASDAQ:ICCT) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: ICCT's short term assets ($1.4M) do not cover its short term liabilities ($12.3M).

Long Term Liabilities: ICCT's short term assets ($1.4M) do not cover its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: ICCT's net debt to equity ratio (120.5%) is considered high.

Reducing Debt: ICCT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ICCT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ICCT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.7% each year


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