iCoreConnect Inc. Common stock (ICCT) - Total Assets
Based on the latest financial reports, iCoreConnect Inc. Common stock (ICCT) holds total assets worth $14.22 Million USD as of September 2024. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See net assets of iCoreConnect Inc. Common stock for net asset value and shareholders' equity analysis.
iCoreConnect Inc. Common stock - Total Assets Trend (2006–2023)
This chart illustrates how iCoreConnect Inc. Common stock's total assets have evolved over time, based on quarterly financial data.
iCoreConnect Inc. Common stock - Asset Composition Analysis
Current Asset Composition (December 2023)
iCoreConnect Inc. Common stock's total assets of $14.22 Million consist of 22.4% current assets and 77.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.8% |
| Accounts Receivable | $563.90K | 3.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $3.88 Million | 24.8% |
| Goodwill | $1.48 Million | 9.5% |
Asset Composition Trend (2006–2023)
This chart illustrates how iCoreConnect Inc. Common stock's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see ICCT market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: iCoreConnect Inc. Common stock's current assets represent 22.4% of total assets in 2023, an increase from 6.9% in 2006.
- Cash Position: Cash and equivalents constituted 7.8% of total assets in 2023, up from 4.8% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 33.0% of total assets, a decrease from 91.0% in 2006.
- Asset Diversification: The largest asset category is intangible assets at 24.8% of total assets.
iCoreConnect Inc. Common stock Competitors by Total Assets
Key competitors of iCoreConnect Inc. Common stock based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alcidion Group Ltd
AU:ALC
|
Australia | AU$115.63 Million |
|
DocCheck AG
XETRA:AJ91
|
Germany | €53.98 Million |
|
TRELLUS HEALTH LS -0006
F:85Q
|
Germany | €9.22 Million |
|
Pro Medicus Ltd
AU:PME
|
Australia | AU$533.91 Million |
|
Echoiq Ltd
AU:EIQ
|
Australia | AU$17.99 Million |
|
ARTRYA Ltd
AU:AYA
|
Australia | AU$23.68 Million |
|
Cogstate Ltd
AU:CGS
|
Australia | AU$64.77 Million |
|
Oneview Healthcare Plc
AU:ONE
|
Australia | AU$15.49 Million |
iCoreConnect Inc. Common stock - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.11 | 0.22 | 0.29 |
| Quick Ratio | 0.11 | 0.22 | 0.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-11.67 Million | $-6.98 Million | $-1.38 Million |
iCoreConnect Inc. Common stock - Advanced Valuation Insights
This section examines the relationship between iCoreConnect Inc. Common stock's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 8.91 |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | 139.3% |
| Total Assets | $15.69 Million |
| Market Capitalization | $3.23 Million USD |
Valuation Analysis
Below Book Valuation: The market values iCoreConnect Inc. Common stock's assets below their book value (0.21x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: iCoreConnect Inc. Common stock's assets grew by 139.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for iCoreConnect Inc. Common stock (2006–2023)
The table below shows the annual total assets of iCoreConnect Inc. Common stock from 2006 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $15.69 Million | +139.26% |
| 2022-12-31 | $6.56 Million | -1.12% |
| 2021-12-31 | $6.63 Million | +146.42% |
| 2020-12-31 | $2.69 Million | +6.69% |
| 2019-12-31 | $2.52 Million | +45.36% |
| 2018-12-31 | $1.74 Million | -1.76% |
| 2017-12-31 | $1.77 Million | +150.50% |
| 2016-12-31 | $705.00K | +5.22% |
| 2015-12-31 | $670.00K | +28.49% |
| 2013-12-31 | $521.46K | +144.02% |
| 2012-12-31 | $213.69K | -92.11% |
| 2011-12-31 | $2.71 Million | -46.98% |
| 2010-12-31 | $5.11 Million | -33.05% |
| 2009-12-31 | $7.63 Million | -15.70% |
| 2008-12-31 | $9.05 Million | -14.91% |
| 2006-12-31 | $10.64 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