iCoreConnect Inc. Common stock (ICCT) — Working Capital to Net Assets Ratio
iCoreConnect Inc. Common stock (ICCT) has a Working Capital to Net Assets ratio of 386.4% as of September 2024. Working capital of $-11.67 Million (current assets of $1.45 Million minus current liabilities of $13.12 Million) is measured against net assets of $-3.02 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See iCoreConnect Inc. Common stock (ICCT) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
iCoreConnect Inc. Common stock Working Capital to Net Assets (2006–2023)
This chart shows how iCoreConnect Inc. Common stock's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2006 to 2023. As of September 2024, the ratio stands at 386.4%, reflecting working capital of $-11.67 Million against net assets of $-3.02 Million USD. See iCoreConnect Inc. Common stock defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for iCoreConnect Inc. Common stock (2006–2023)
The table below presents the year-by-year Working Capital to Net Assets ratio for iCoreConnect Inc. Common stock from 2006 to 2023, covering 16 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market value of iCoreConnect Inc. Common stock.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2023 | -120.8% | $-5.37 Million | $4.44 Million | $3.51 Million | $8.88 Million | ▼ -348.9 pp |
| 2022 | 228.2% | $-5.71 Million | $-2.50 Million | $1.09 Million | $6.80 Million | ▲ +530.7 pp |
| 2021 | -302.5% | $-3.04 Million | $1.01 Million | $1.01 Million | $4.05 Million | ▼ -784.4 pp |
| 2020 | 481.9% | $-3.03 Million | $-628.94K | $154.19K | $3.19 Million | ▲ +779.1 pp |
| 2019 | -297.2% | $-1.38 Million | $465.00K | $554.00K | $1.94 Million | ▼ -536.1 pp |
| 2018 | 238.9% | $-2.29 Million | $-958.00K | $234.00K | $2.52 Million | ▲ +5.2 pp |
| 2017 | 233.7% | $-2.75 Million | $-1.18 Million | $191.00K | $2.94 Million | ▲ +126.5 pp |
| 2016 | 107.2% | $-2.42 Million | $-2.26 Million | $245.00K | $2.67 Million | ▲ +43.9 pp |
| 2015 | 63.3% | $-8.21 Million | $-12.96 Million | $270.00K | $8.47 Million | ▼ -36.7 pp |
| 2013 | 100.0% | $-12.79 Million | $-12.79 Million | $521.46K | $13.31 Million | ▼ -2.3 pp |
| 2012 | 102.3% | $-8.10 Million | $-7.92 Million | $34.05K | $8.13 Million | ▼ -81.0 pp |
| 2011 | 183.3% | $-4.71 Million | $-2.57 Million | $568.10K | $5.28 Million | ▼ -4.3 pp |
| 2010 | 187.5% | $-6.68 Million | $-3.56 Million | $102.64K | $6.78 Million | ▲ +757.3 pp |
| 2009 | -569.7% | $-5.36 Million | $941.34K | $55.83K | $5.42 Million | ▼ -490.0 pp |
| 2008 | -79.7% | $-3.27 Million | $4.11 Million | $269.69K | $3.54 Million | ▼ -50.8 pp |
| 2006 | -28.9% | $-2.16 Million | $7.46 Million | $734.49K | $2.89 Million | — |