iCoreConnect (iCoreConnect) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is iCoreConnect Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. iCoreConnect's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, iCoreConnect couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for iCoreConnect's Cash-to-Debt or its related term are showing as below:

ICCT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.47
Current: 0.02

During the past 13 years, iCoreConnect's highest Cash to Debt Ratio was 0.47. The lowest was 0.00. And the median was 0.03.

ICCT's Cash-to-Debt is ranked worse than
92.4% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.665 vs ICCT: 0.02

iCoreConnect Cash-to-Debt Historical Data

The historical data trend for iCoreConnect's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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iCoreConnect Cash-to-Debt Chart

iCoreConnect Annual Data

Trend

Jun12

Jun13

Jun14

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.47

0.01

0.02

0.03

0.16

iCoreConnect Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	0.01	0.09	0.16	0.02

Competitive Comparison of iCoreConnect's Cash-to-Debt

For the Health Information Services subindustry, iCoreConnect's Cash-to-Debt, along with its competitors' market caps and Cash-to-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's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where iCoreConnect's Cash-to-Debt falls into.

iCoreConnect Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

iCoreConnect's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.219	/	(5.513	+	2.366)
	=	0.15

iCoreConnect's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.138	/	(7.201	+	2.081)
	=	0.01

iCoreConnect (NAS:ICCT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

iCoreConnect Cash-to-Debt Related Terms

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iCoreConnect (iCoreConnect) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » iCoreConnect Inc (NAS:ICCT) » Definitions » Cash-to-Debt

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

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