ICNP
iCoreConnect Inc. develops and markets health insurance portability and accountability act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company offers iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, an add-on for iCoreRx that integrates with state databases to automate prescription drug monitoring; iCoreVerify and iCoreVerify+, a HIP… Read more
ICNP (ICNP) - Total Assets
Latest total assets as of December 2024: $5.69 Million USD
Based on the latest financial reports, ICNP (ICNP) holds total assets worth $5.69 Million USD as of December 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.
ICNP - Total Assets Trend (2019–2024)
This chart illustrates how ICNP’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
ICNP - Asset Composition Analysis
Current Asset Composition (December 2024)
ICNP's total assets of $5.69 Million consist of 20.8% current assets and 79.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.6% |
| Accounts Receivable | $814.06K | 14.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.84 Million | 32.4% |
| Goodwill | $1.48 Million | 26.1% |
Asset Composition Trend (2019–2024)
This chart illustrates how ICNP'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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: ICNP's current assets represent 20.8% of total assets in 2024, a decrease from 22.0% in 2019.
- Cash Position: Cash and equivalents constituted 3.6% of total assets in 2024, down from 17.6% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 58.0% of total assets, a decrease from 75.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 32.4% of total assets.
ICNP Competitors by Total Assets
Key competitors of ICNP based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
UCrest Bhd
KLSE:0005
|
Malaysia | RM48.46 Million |
|
Vanfund Urban Investment & Development Co Ltd
SHE:000638
|
China | CN¥265.74 Million |
|
BIT Computer Co. Ltd
KQ:032850
|
Korea | ₩82.38 Billion |
|
ezCaretech Co. LTD
KQ:099750
|
Korea | ₩56.71 Billion |
|
SyntekaBio Inc
KQ:226330
|
Korea | ₩33.49 Billion |
|
Carelabs Co.Ltd
KQ:263700
|
Korea | ₩105.15 Billion |
|
Shanghai Kingstar Winning Software
SHE:300253
|
China | CN¥8.35 Billion |
|
Longmaster Information Tech
SHE:300288
|
China | CN¥1.33 Billion |
ICNP - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - ICNP generates 1.89x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - ICNP is currently not profitable relative to its asset base.
ICNP - 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 | 0.10 | 0.40 | 0.16 |
| Quick Ratio | 0.10 | 0.40 | 0.16 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-11.25 Million | $ -5.37 Million | $ -5.31 Million |
ICNP - Advanced Valuation Insights
This section examines the relationship between ICNP'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 | - |
| Latest Market Cap to Assets Ratio | 0.27 |
| Asset Growth Rate (YoY) | -63.7% |
| Total Assets | $5.69 Million |
| Market Capitalization | $1.51 Million USD |
Valuation Analysis
Below Book Valuation: The market values ICNP's assets below their book value (0.27 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: ICNP's assets decreased by 63.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for ICNP (2019–2024)
The table below shows the annual total assets of ICNP from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $5.69 Million | -63.72% |
| 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 | -- |