Healthcare Triangle, Inc. (HCTI) Balance Sheet
HCTI balance sheet, 2025
December 31, 2025 · U.S. dollars$22.7M assets = $12.8M liabilities + $9.9M equity
Both columns are drawn to the same scale: what HCTI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HCTI financial health
Descriptive bands, not a rating. Fiscal 2025.
HCTI balance sheet trends, 2014–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.1M2014 | $22.7M2025 | +30.1%/yr | |
| Total liabilities | $7.7M2014 | $12.8M2025 | +5.8%/yr | |
| Shareholders’ equity | −$5.6M2014 | $10.0M2025 | — | |
| Cash & short-term investments | $02014 | $7.6M2025 | — | |
| Total debt | $1.5M2014 | $10.7M2025 | +24.1%/yr | |
| Net cash (debt) | −$1.5M2014 | −$3.1M2025 | −$1.6M | |
| Working capital | −$6.2M2014 | $359,0002025 | +$6.5M | |
| Current ratio | 0.002014 | 1.032025 | +1.03 | |
| Debt / equity | 0.172020 | 1.082025 | +0.90 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HCTI assets
HCTI liabilities and equity
HCTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HCTI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $7.6M | $20,000 | $1.2M | $1.3M | $1.8M | $1.4M | $974,830 | $28 | $23,893 | $0 |
| Cash & equivalents | $7.6M | $20,000 | $1.2M | $1.3M | $1.8M | $1.4M | $974,830 | $28 | $23,893 | $0 |
| Short-term investments | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $2.1M | $1.1M | $3.6M | $5.9M | $9.7M | $6.4M | $4.2M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $1 | $1 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $3.5M | $322,000 | $823,999 | $815,999 | $362,000 | $228,847 | $146,300 | $0 | $0 | $0 |
| Total current assets | $13.2M | $1.5M | $5.7M | $8.0M | $11.8M | $8.0M | $5.3M | $28 | $23,893 | $0 |
| Property, plant & equipment (net) | $5,000 | $12,000 | $44,000 | $80,000 | $246,000 | $15,786 | $41,646 | $0 | $0 | $0 |
| Goodwill & intangible assets | $5.8M | $4.0M | $2.1M | $5.4M | $11.7M | $2.6M | $2.9M | $2.1M | $1.1M | $2.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20,344 | $16,692 | $0 |
| Other non-current assets | $3.8M | $0 | $0 | $0 | $816,000 | $445,004 | $0 | $0 | $0 | $0 |
| Total assets | $22.7M | $2.0M | $6.9M | $13.3M | $24.6M | $11.1M | $8.3M | $2.1M | $1.2M | $2.1M |
| Liabilities | ||||||||||
| Accounts payable | $744,000 | $2.5M | $2.0M | $1.5M | $1.9M | $4.3M | $5.1M | $1.2M | $866,103 | $667,296 |
| Short-term debt | $10.7M | $2.6M | $3.8M | $2.7M | $3.5M | $754,400 | — | $7.5M | $200,000 | $200,000 |
| Deferred revenue | — | — | — | — | — | $297,775 | $749,029 | — | — | — |
| Total current liabilities | $12.8M | $7.1M | $8.2M | $6.6M | $6.3M | $6.8M | $6.2M | $9.9M | $6.5M | $6.2M |
| Long-term debt | $0 | $0 | $888,000 | $0 | $0 | $0 | $0 | $0 | $1.3M | $1.3M |
| Lease obligations | — | — | $0 | $0 | $176,144 | $0 | — | — | — | — |
| Other long-term liabilities | $3.9M | $1.4M | $0 | $625,000 | $2.2M | $5.4M | $79,041 | $0 | $0 | $181,723 |
| Total liabilities | $12.8M | $7.1M | $8.2M | $7.2M | $8.5M | $6.8M | $6.3M | $9.9M | $7.8M | $7.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $11,000 | — | — | — | $353 | $279 | $279 | $1.3M | $5,943 | $44,127 |
| Retained earnings (deficit) | −$43.0M | −$33.6M | −$27.6M | −$18.9M | −$2.7M | $3.3M | $932,627 | −$33.9M | −$29.4M | −$22.6M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Minority interest | −$37,000 | $0 | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $10.0M | −$5.1M | −$1.4M | $6.0M | $16.1M | $4.3M | $2.0M | −$7.8M | −$6.7M | −$5.6M |
| Key figures | ||||||||||
| Total debt | $10.7M | $2.6M | $3.9M | $2.7M | $3.5M | $754,400 | — | $7.5M | $1.5M | $1.5M |
| Net cash (debt) | −$3.1M | −$2.6M | −$2.7M | −$1.3M | −$1.7M | $648,300 | — | −$7.5M | −$1.5M | −$1.5M |
| Working capital | $359,000 | −$5.6M | −$2.5M | $1.4M | $5.6M | $1.2M | −$906,830 | −$9.9M | −$6.5M | −$6.2M |
| Tangible book value | $4.2M | −$9.1M | −$3.5M | $666,000 | $4.4M | $1.7M | −$944,226 | −$9.9M | −$7.8M | −$7.7M |
| Current ratio | 1.03 | 0.21 | 0.69 | 1.22 | 1.89 | 1.18 | 0.85 | 0.00 | 0.00 | 0.00 |
| Quick ratio | 0.76 | 0.16 | 0.59 | 1.09 | 1.83 | 1.15 | 0.83 | 0.00 | 0.00 | 0.00 |
| Debt / equity | 1.08 | — | — | 0.44 | 0.21 | 0.17 | — | — | — | — |
| Equity / assets | 43.9% | −260.8% | −20.3% | 45.5% | 65.6% | 39.0% | 23.9% | −364.9% | −570.1% | −261.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.9M | $4.3M | $7.6M | $1.6M | $3.2M | $6.8M | $20,000 | $28,000 | $29,000 | $301,000 | $1.2M | $75,000 |
| Cash & equivalents | $1.9M | $4.3M | $7.6M | $1.6M | $3.2M | $6.8M | $20,000 | $28,000 | $29,000 | $301,000 | $1.2M | $75,000 |
| Receivables | $6.2M | $9.8M | $2.1M | $5.9M | $5.5M | $1.9M | $1.1M | $1.6M | $2.0M | $2.1M | $3.6M | $4.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 |
| Other current assets | $1.6M | $4.8M | $3.5M | $370,000 | $160,000 | $1.1M | $322,000 | $146,000 | $299,000 | $772,999 | $823,999 | $621,999 |
| Total current assets | $9.6M | $18.9M | $13.2M | $7.9M | $8.9M | $9.8M | $1.5M | $1.8M | $2.3M | $3.2M | $5.7M | $4.9M |
| Property, plant & equipment (net) | $1.2M | $2.5M | $5,000 | $5,000 | $3,000 | $0 | $12,000 | $17,000 | $24,000 | $33,000 | $44,000 | $49,000 |
| Goodwill & intangible assets | $57.8M | $58.2M | $5.8M | $5.9M | $5.7M | $0 | $0 | $3.0M | $3.3M | $3.6M | $2.1M | $9.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.0M | $606,000 | $3.8M | $0 | $0 | $1.9M | $497,000 | $0 | $363,000 | $33,000 | $0 | $15,000 |
| Total assets | $73.6M | $80.2M | $22.7M | $13.8M | $14.6M | $11.8M | $2.0M | $4.8M | $6.0M | $6.9M | $6.9M | $14.5M |
| Liabilities | ||||||||||||
| Accounts payable | $1.2M | $3.3M | $744,000 | $1.3M | $2.1M | $1.6M | $2.5M | $2.3M | $1.9M | $2.0M | $2.0M | $1.2M |
| Short-term debt | $9.6M | $9.5M | — | $1.5M | $415,000 | $775,000 | $2.6M | $1.1M | $1.7M | $1.8M | $3.8M | $3.5M |
| Total current liabilities | $16.0M | $21.0M | $12.8M | $3.9M | $3.2M | $3.2M | $7.1M | $6.1M | $6.2M | $6.0M | $7.7M | $6.9M |
| Long-term debt | $2.7M | $629,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $888,000 | $888,000 | $0 |
| Lease obligations | $1.2M | $1.2M | — | — | — | — | — | — | — | — | $0 | — |
| Other long-term liabilities | $6.0M | $5.8M | $0 | $1.2M | $1.2M | $0 | $0 | $500,000 | $500,000 | $500,000 | $0 | $1.5M |
| Total liabilities | $24.6M | $27.5M | $12.8M | $5.1M | $4.4M | $3.2M | $7.1M | $6.6M | $6.7M | $7.4M | $8.2M | $8.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $11,000 | $11,000 | — | $11,000 | $14,000 | — | — | — | — | — | — | — |
| Retained earnings (deficit) | −$53.5M | −$49.3M | −$43.0M | −$38.5M | −$36.6M | −$35.3M | −$33.6M | −$29.5M | −$28.3M | −$26.8M | −$27.6M | −$19.6M |
| Accumulated other comprehensive income | — | — | — | $3.0M | — | — | — | — | — | — | — | — |
| Minority interest | −$89,000 | −$61,000 | −$37,000 | −$18,000 | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $49.1M | $52.8M | $10.0M | $8.7M | $10.2M | $8.6M | −$5.1M | −$1.8M | −$646,000 | −$511,000 | −$1.4M | $6.1M |
| Key figures | ||||||||||||
| Total debt | $13.0M | $10.9M | — | $1.5M | $415,000 | $775,000 | $2.6M | $1.1M | $1.7M | $2.7M | $3.9M | $3.5M |
| Net cash (debt) | −$11.1M | −$6.6M | — | $99,000 | $2.8M | $6.1M | −$2.6M | −$1.1M | −$1.7M | −$2.4M | −$2.7M | −$3.4M |
| Working capital | −$6.3M | −$2.1M | $359,000 | $4.0M | $5.7M | $6.6M | −$5.6M | −$4.3M | −$3.8M | −$2.8M | −$2.0M | −$2.0M |
| Tangible book value | −$8.7M | −$5.4M | $4.2M | $2.9M | $4.5M | $8.6M | −$5.1M | −$4.8M | −$3.9M | −$4.1M | −$3.5M | −$3.4M |
| Current ratio | 0.60 | 0.90 | 1.03 | 2.03 | 2.81 | 3.07 | 0.21 | 0.29 | 0.38 | 0.53 | 0.74 | 0.71 |
| Quick ratio | 0.51 | 0.67 | 0.76 | 1.94 | 2.76 | 2.72 | 0.16 | 0.27 | 0.33 | 0.40 | 0.63 | 0.62 |
| Debt / equity | 0.26 | 0.21 | — | 0.17 | 0.04 | 0.09 | — | — | — | — | — | 0.57 |
| Equity / assets | 66.7% | 65.8% | 43.9% | 63.2% | 70.1% | 72.8% | −260.8% | −38.1% | −10.7% | −7.4% | −20.3% | 42.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2026); data from EODHD.
HCTI financial position
At the end of fiscal 2025 (December 31, 2025), Healthcare Triangle had total assets of $22.7 million (up 1,059.4% from a year earlier), total liabilities of $12.8 million and shareholders' equity of $10.0 million. It held $7.6 million in cash and short-term investments against $10.7 million of debt, net debt of $3.1 million. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were $73.6 million and equity $49.1 million.
Related: HCTI income statement, HCTI cash flow statement, HCTI key metrics. See the HCTI stock overview for the latest quote and news.
HCTI balance sheet FAQ
What are Healthcare Triangle's total assets?
Healthcare Triangle reported total assets of $22.7 million at the end of fiscal 2025 (December 31, 2025), compared with $2.0 million a year earlier.
How much debt does Healthcare Triangle have?
Healthcare Triangle had $10.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.08.
How much cash does Healthcare Triangle have?
Healthcare Triangle held $7.6 million in cash and short-term investments at the end of fiscal 2025; with $10.7 million of debt that is net debt of $3.1 million.
What is Healthcare Triangle's book value?
Healthcare Triangle's shareholders' equity (book value) was $10.0 million at the end of fiscal 2025.
What is Healthcare Triangle's current ratio?
Healthcare Triangle had current assets of $13.2 million and current liabilities of $12.8 million, a current ratio of 1.03 (it can cover its short-term obligations).
How much goodwill does Healthcare Triangle have?
Healthcare Triangle carried $5.8 million of goodwill and intangible assets, 25.3% of total assets, at the end of fiscal 2025.