Balance Sheet & Liquidity: ICCT’s balance sheet shows a sharp improvement in equity from -$4.23M in Q2 2023 to +$6.40M in Q3 2023, driven by asset growth and debt reduction. However, the current ratio of 0.22 (current assets: $2.02M vs. liabilities: $9.00M) signals severe liquidity strain. Zero long-term debt is a positive, but $9M in current liabilities (e.g., accounts payable, short-term obligations) poses immediate solvency risks.
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