iCoreConnect Balance Sheet Health
Financial Health criteria checks 2/6
iCoreConnect has a total shareholder equity of $4.4M and total debt of $6.1M, which brings its debt-to-equity ratio to 138.2%. Its total assets and total liabilities are $15.7M and $11.2M respectively.
Key information
138.2%
Debt to equity ratio
US$6.14m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.22m |
| Equity | US$4.44m |
| Total liabilities | US$11.24m |
| Total assets | US$15.69m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICCT's short term assets ($3.5M) do not cover its short term liabilities ($8.9M).
Long Term Liabilities: ICCT's short term assets ($3.5M) exceed its long term liabilities ($2.4M).
Debt to Equity History and Analysis
Debt Level: ICCT's net debt to equity ratio (110.7%) 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 15.2% each year