Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 68

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 68
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 in platform development. 46 Liquidity 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 2 times more current assets than liabilities to covers its debts. The Company’s current ratio, as of December 31, 2023 is 0.74 compared to 1.22 as of December 31, 2022. The Company’s current debt equity ratio, as on December 31, 2023 is (3.2), compared to 0.54 as on December 31, 2022. A debt-to-equity ratio below 1 means that a company has lower exposure to debts than equity. The Company does not have inventory and hence the quick ratio is the same as current ratio. Sources of Liquidity As of December 31, 2023, our principal sources of liquidity consisted of cash and cash equivalents of $1.2 million. We believe that our cash and cash equivalents as of December 31, 2023, and the future operating cash flows of the entity will provide adequate resources to fund ongoing cash requirements for the next twelve months. If sources of liquidity are not available or if we cannot generate sufficient cash flow from operations during the next twelve months, we may be required to obtain additional sources of funds through additional operational improvements, capital market transactions, asset sales or financing from third parties, a combination thereof or otherwise. We cannot provide assurance that these additional sources of funds will be available or, if available, would have reasonable terms. Operating Activities Net cash used in operating activities was $2 million for the twelve months ended December 31, 2023, and net cash used in operations was $5 million for the twelve months ended December 31, 2022. Investing Activities Net cash used in investing activities was $0.012 million for the twelve months ended December 31, 2023, and $1,134 million for the twelve months ended December 31, 2022. Financing Activities Cash flows from financing activities were $2 million for the twelve months ended December 31, 2023, and $6 million for the twelve months ended December 31, 2022. During the year 2023, the company raised an aggregate gross amount of $5.