Balance Sheet & Liquidity: CTHR’s total assets have declined from $69.2M (2022) to $41.0M (2024), with equity eroding from $59.6M to $25.6M. The current ratio (1.33) and quick ratio (0.75) signal liquidity strain, as the company relies on inventory to meet short-term obligations. Total liabilities have risen to $15.3M, while long-term debt remains minimal, but equity erosion raises solvency concerns.
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