Healthcare Triangle Balance Sheet Health
Financial Health criteria checks 3/6
Healthcare Triangle has a total shareholder equity of $538.0K and total debt of $4.3M, which brings its debt-to-equity ratio to 802.4%. Its total assets and total liabilities are $10.0M and $9.5M respectively.
Key information
802.4%
Debt to equity ratio
US$4.32m
Debt
Interest coverage ratio | n/a |
Cash | US$1.23m |
Equity | US$538.00k |
Total liabilities | US$9.51m |
Total assets | US$10.05m |
Financial Position Analysis
Short Term Liabilities: HCTI's short term assets ($5.7M) do not cover its short term liabilities ($8.1M).
Long Term Liabilities: HCTI's short term assets ($5.7M) exceed its long term liabilities ($1.4M).
Debt to Equity History and Analysis
Debt Level: HCTI's net debt to equity ratio (573%) is considered high.
Reducing Debt: Insufficient data to determine if HCTI's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HCTI has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HCTI is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.