iCoreConnect Inc. Common stock (ICCT) - Net Assets
Based on the latest financial reports, iCoreConnect Inc. Common stock (ICCT) has net assets worth $-3.02 Million USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.22 Million) and total liabilities ($17.24 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check iCoreConnect Inc. Common stock asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-3.02 Million |
| % of Total Assets | -21.24% |
| Annual Growth Rate | -3.0% |
| 5-Year Change | 855.74% |
| 10-Year Change | N/A |
| Growth Volatility | 163.23 |
iCoreConnect Inc. Common stock - Net Assets Trend (2006–2023)
This chart illustrates how iCoreConnect Inc. Common stock's net assets have evolved over time, based on quarterly financial data. Also explore total assets of iCoreConnect Inc. Common stock for the complete picture of this company's asset base.
Annual Net Assets for iCoreConnect Inc. Common stock (2006–2023)
The table below shows the annual net assets of iCoreConnect Inc. Common stock from 2006 to 2023. For live valuation and market cap data, see iCoreConnect Inc. Common stock (ICCT) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $4.44 Million | +277.66% |
| 2022-12-31 | $-2.50 Million | -348.83% |
| 2021-12-31 | $1.01 Million | +259.84% |
| 2020-12-31 | $-628.94K | -235.26% |
| 2019-12-31 | $465.00K | +148.54% |
| 2018-12-31 | $-958.00K | +18.68% |
| 2017-12-31 | $-1.18 Million | +47.83% |
| 2016-12-31 | $-2.26 Million | +82.57% |
| 2015-12-31 | $-12.96 Million | -1.31% |
| 2013-12-31 | $-12.79 Million | -61.48% |
| 2012-12-31 | $-7.92 Million | -208.09% |
| 2011-12-31 | $-2.57 Million | +27.82% |
| 2010-12-31 | $-3.56 Million | -478.39% |
| 2009-12-31 | $941.34K | -77.08% |
| 2008-12-31 | $4.11 Million | -44.99% |
| 2006-12-31 | $7.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to iCoreConnect Inc. Common stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 9997899100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.01K | 0.02% |
| Other Comprehensive Income | $-1.01K | -0.02% |
| Other Components | $119.48 Million | 2688.53% |
| Total Equity | $4.44 Million | 100.00% |
iCoreConnect Inc. Common stock Competitors by Market Cap
The table below lists competitors of iCoreConnect Inc. Common stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comanche International Public Company Limited
BK:COMAN
|
$3.24 Million |
|
Victorian Plumbing Group PLC
LSE:VIC
|
$3.24 Million |
|
Qlife Holding AB
ST:QLIFE
|
$3.24 Million |
|
Real Estate Credit Investments Limited
LSE:RECI
|
$3.24 Million |
|
COLLPLANT BIOTECH. IS-01
F:CPT
|
$3.23 Million |
|
MS INTERNATIONAL plc
LSE:MSI
|
$3.23 Million |
|
Green Minerals AS
OL:GEM
|
$3.23 Million |
|
Rebosis Property Fund Ltd
JSE:REA
|
$3.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in iCoreConnect Inc. Common stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -2,501,504 to 4,444,168, a change of 6,945,672.
- Net loss of 15,551,663 reduced equity.
- New share issuances of 21,193,921 increased equity.
- Other comprehensive income decreased equity by 1,007.
- Other factors increased equity by 1,304,421.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-15.55 Million | -349.93% |
| Share Issuances | $21.19 Million | +476.89% |
| Other Comprehensive Income | $-1.01K | -0.02% |
| Other Changes | $1.30 Million | +29.35% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares iCoreConnect Inc. Common stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 2.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $7412.53 | $1.56 | x |
| 2008-12-31 | $2556.99 | $1.56 | x |
| 2009-12-31 | $346.72 | $1.56 | x |
| 2010-12-31 | $-651.05 | $1.56 | x |
| 2011-12-31 | $-379.01 | $1.56 | x |
| 2012-12-31 | $-592.00 | $1.56 | x |
| 2013-12-31 | $-330.76 | $1.56 | x |
| 2015-12-31 | $-11.23 | $1.56 | x |
| 2016-12-31 | $-2.83 | $1.56 | x |
| 2018-12-31 | $-0.64 | $1.56 | x |
| 2019-12-31 | $0.24 | $1.56 | x |
| 2020-12-31 | $-0.25 | $1.56 | x |
| 2021-12-31 | $0.20 | $1.56 | x |
| 2022-12-31 | $-0.43 | $1.56 | x |
| 2023-12-31 | $0.60 | $1.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently iCoreConnect Inc. Common stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -349.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -190.78%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 3.53x
- Recent ROE (-349.93%) is below the historical average (-167.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -62.60% | -496.14% | 0.09x | 1.42x | $-5.42 Million |
| 2008 | -156.14% | -1089.21% | 0.07x | 2.20x | $-6.82 Million |
| 2009 | -861.16% | -2335.50% | 0.05x | 8.10x | $-8.20 Million |
| 2010 | 0.00% | -6455.86% | 0.03x | 0.00x | $-10.30 Million |
| 2011 | 0.00% | -1145.95% | 0.16x | 0.00x | $-4.76 Million |
| 2012 | 0.00% | -770.61% | 2.79x | 0.00x | $-3.80 Million |
| 2013 | 0.00% | -6855.22% | 0.20x | 0.00x | $-5.97 Million |
| 2015 | 0.00% | 532.97% | 0.55x | 0.00x | $3.25 Million |
| 2016 | 0.00% | -687.60% | 0.93x | 0.00x | $-4.26 Million |
| 2017 | 0.00% | -667.25% | 0.34x | 0.00x | $-3.86 Million |
| 2018 | 0.00% | -657.67% | 0.63x | 0.00x | $-7.07 Million |
| 2019 | -678.49% | -311.14% | 0.40x | 5.42x | $-3.20 Million |
| 2020 | 0.00% | -173.30% | 0.79x | 0.00x | $-3.62 Million |
| 2021 | -577.21% | -117.07% | 0.75x | 6.60x | $-5.90 Million |
| 2022 | 0.00% | -92.11% | 1.22x | 0.00x | $-7.11 Million |
| 2023 | -349.93% | -190.78% | 0.52x | 3.53x | $-16.00 Million |
Industry Comparison
This section compares iCoreConnect Inc. Common stock's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $363,436,353
- Average return on equity (ROE) among peers: -160.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| iCoreConnect Inc. Common stock (ICCT) | $-3.02 Million | -62.60% | N/A | $3.23 Million |
| Aclarion Inc (ACON) | $2.23 Million | -317.55% | 0.31x | $1.99 Million |
| American Well Corp (AMWL) | $480.19 Million | -140.60% | 0.23x | $90.87 Million |
| Heartbeam Inc (BEAT) | $-26.87 Million | 0.00% | 0.00x | $30.38 Million |
| Bullfrog AI Holdings, Inc. Common Stock (BFRG) | $-3.06 Million | 0.00% | 0.00x | $6.51 Million |
| BrightSpring Health Services, Inc. Common Stock (BTSG) | $612.55 Million | -25.24% | 8.03x | $8.82 Billion |
| Carlsmed, Inc. Common Stock (CARL) | $-70.63 Million | 0.00% | 0.00x | $253.42 Million |
| CareCloud Inc. (CCLD) | $101.25 Million | -8.70% | 0.36x | $117.28 Million |
| Certara Inc (CERT) | $492.05 Million | -1.81% | 1.11x | $983.48 Million |
| CareMax Inc (CMAX) | $61.44 Million | -1112.15% | 9.14x | $381.50 |
| Claritev Corporation (CTEV) | $1.99 Billion | 0.49% | 3.21x | $277.75 Million |
About iCoreConnect Inc. Common stock
iCoreConnect Inc., a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company's products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient's Prescription Drug Monitoring Program (PDMP) history… Read more