Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 306

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 306
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 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, 2024,
is 0.33 compared to 0.74 as of December 31, 2023.

The Company’s current debt equity ratio,
as on December 31, 2024, is (0.50), compared to (3.2) as on December 31, 2023. 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 the current ratio.

Sources of Liquidity

As of December 31, 2024, our principal sources
of liquidity consisted of cash and cash equivalents of $0.002 million. We believe that the fund raise of $15.20 million in February, 2025
will be sufficient to meet our working capital requirements over the next 12 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 $1.08
million for the twelve months ended December 31, 2024, and net cash used in operations was $2.1 million for the twelve months ended December
31, 2023.

Investing Activities

Net cash used in investing activities was $0 million
for the twelve months ended December 31, 2024, and $0.013	 million for the twelve months ended December 31, 2023.

Financing Activities

Cash flows from financing activities was $0.135
million for the twelve months ended December 31, 2024, and $2 million for the twelve months ended December 31, 2023.

Off-Balance Sheet Arrangements

We do not have any relationships with unconsolidated
organizations or financial partnerships, such as structured finance or special purpose entities that would have been established for the
purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes as defined by Item 303(a)(4)