Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Healthcare Triangle's share price for the quarter that ended in Sep. 2024 was $0.49. Healthcare Triangle's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 5.67 Mil. Therefore, Healthcare Triangle's market cap for the quarter that ended in Sep. 2024 was $2.78 Mil.
Healthcare Triangle's quarterly market cap
declined
from Mar. 2024 ($8.79 Mil) to Jun. 2024 ($2.90 Mil) and
declined
from Jun. 2024 ($2.90 Mil) to Sep. 2024 ($2.78 Mil).
Healthcare Triangle's annual market cap
declined
from Dec. 2021 ($63.82 Mil) to Dec. 2022 ($7.50 Mil) but then
increased
from Dec. 2022 ($7.50 Mil) to Dec. 2023 ($11.83 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Healthcare Triangle's Enterprise Value for Today is $6.16 Mil.
Healthcare Triangle Market Cap Historical Data
The historical data trend for Healthcare Triangle's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Healthcare Triangle's Market Cap
For the Health Information Services subindustry, Healthcare Triangle's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Healthcare Triangle's Market Cap Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Healthcare Triangle's Market Cap distribution charts can be found below:
* The bar in red indicates where Healthcare Triangle's Market Cap falls into.
Healthcare Triangle Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Healthcare Triangle's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Healthcare Triangle (NAS:HCTI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Healthcare Triangle Market Cap Related Terms
Thank you for viewing the detailed overview of Healthcare Triangle's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Healthcare Triangle Inc is a healthcare information technology company focused on advancing industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the healthcare and life sciences industry. The company reinforces healthcare progress through technology and extensive industry know-how. HTI supports healthcare providers and payors, hospitals, and Pharma Life Sciences organizations in their effort to improve health outcomes by enabling the adoption of new technologies, data enlightenment, business agility, and accelerated response to immediate business needs and competitive threats. It provides services under three operating segments which are Software Services, Managed Services, and Support and Platform Services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HCTI has been successfully added to your 