Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 128

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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idity

The current ratio measures a company’s ability
to pay off its current liabilities (payable within one year) with its total current assets such as cash, accounts receivable, and inventories.
The higher the ratio, the better the company’s liquidity position. A good current ratio is between 1.2 to 2, which means that a
business has upto 2 times more current assets than liabilities to covers its debts. The Company’s current ratio, as at September
30, 2025 is 1.13 compared to 0.22 as at December 31, 2024.

The Company’s current debt equity ratio,
as at September 30, 2025 financial statement is 0.14, compared to (0.10) as at December 31, 2024.

The Company does not have inventory and hence
the quick ratio is the same as the current ratio.

Sources of Liquidity

    As of  September 30, 2025  
    As of  September 30, 2024 

    Cash and cash equivalents 
    $1,629  
    $28 

As of September 30, 2025, our principal sources
of liquidity consisted of cash and cash equivalents of $1.63 million. We have financed our operations primarily through financing activity
and operating cash flows. We believe our existing cash and cash equivalents generated from operations will be sufficient to meet our
working capital over the next 12 months. Our future capital requirements will depend on many factors including our growth rate, subscription
renewal activity, the expansion of sales and marketing activities and the ongoing investments in platform development.

Cash Flows

The following table presents a summary of our
consolidated cash flows provided by / (used in) operating, investing, and financing activities for the periods indicated:

    As of  September 30, 2025  
    As of  September 30, 2024 

    Cash flows used in operating activities 
    $(9,689) 
    $(33)
  
    Cash flows used in investing activities 
     (1,289) 
     — 
  
    Cash flows provided by / (used in) financing activities 
     12,587  
     (1,174)
  
    Net increase / (decrease) in cash and cash equivalents 
    $1,609  
    $(1,206)

43

Operating Activities

Net cash used in operating