DEFSEC Technologies Inc. (DFSC) Financial Ratio Screen

NASDAQ Industrials Canada USD 4M
RATIOS FAIL*
Automated financial screen · activity assessed separately
DEFSEC Technologies Inc. (DFSC) is potentially non-compliant in the automated ratio model. While the debt ratio of 10.1% is acceptable, the cash and interest-bearing securities ratio of 51.7% exceeds the 30% threshold. DEFSEC Technologies Inc. operates in the Industrials sector.

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MSCI new-inclusion financial-ratio snapshot

DFSC financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
10.1%
Pass vs 30%
Cash ratio
51.7%
Fail vs 30%
Receivables + cash
63.3%
Fail vs 30%
Impermissible income
1.7%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: September 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodSeptember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Aerospace & Defense) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: DEFSEC Technologies Inc. engages in the development and commercialization of tactical systems for security, and personal defense markets. The company offers DEFSEC Lightning, a military digitization technology; Less-Lethal Munitions Systems, including PARA SHOT, a next-generation less-lethal system and ARWEN, a 40mm munition and new marking cartridge; It also provides BMA-Ready Solutions, including TAK and ATAK, tactical digital fires, battlefield laser detection system, and phantom tactical multi-function electromagnetic spectrum operations system. DEFSEC Technologies Inc. was formerly known as KWESST Micro Systems Inc. and changed its name to DEFSEC Technologies Inc. in June 2025. DEFSEC Technologies Inc. was founded in 2017 and is headquartered in Ottawa, Canada.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from September 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 10.1%
/ 30%
51.7%
/ 30%
63.3%
/ 30%
1.66%
/ 5%
RATIOS FAIL*
FTSE 10.1%
/ 33%
51.7%
/ 33%
63.3%
/ 50%
1.66%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-11.60
P/B Ratio
0.8
EV/EBITDA
-0.0
EV: $349,081
Revenue
$5M
Growth: 47.3%
Beta
0.7
Low volatility
Current Ratio
4.3

Profitability

Gross Margin 32.4%
Operating Margin -157.8%
Net Margin -153.9%
Return on Equity (ROE) -134.4%
Return on Assets (ROA) -53.5%

Cash Flow & Balance Sheet

Operating Cash Flow-$8M
Free Cash Flow-$8M
Total Debt$1M
Debt-to-Equity17.9
Current Ratio4.3
Total Assets$13M

Price & Trading

Last Close$2.14
50-Day MA$2.08
200-Day MA$3.86
Avg Volume154K
Beta0.7
52-Week Range
$0.22
$15.37

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period September 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About DEFSEC Technologies Inc. (DFSC)

CEO
Mr. Sean Homuth B.Comm., C.A., CPA
Employees
43
Sector
Industrials
Industry
Aerospace & Defense
Country
Canada
Exchange
NASDAQ
Market Cap (listing currency)
USD 4M
Currency
USD

DEFSEC Technologies Inc. engages in the development and commercialization of tactical systems for security, and personal defense markets. The company offers DEFSEC Lightning, a military digitization technology; Less-Lethal Munitions Systems, including PARA SHOT, a next-generation less-lethal system and ARWEN, a 40mm munition and new marking cartridge; It also provides BMA-Ready Solutions, including TAK and ATAK, tactical digital fires, battlefield laser detection system, and phantom tactical multi-function electromagnetic spectrum operations system. DEFSEC Technologies Inc. was formerly known as KWESST Micro Systems Inc. and changed its name to DEFSEC Technologies Inc. in June 2025. DEFSEC Technologies Inc. was founded in 2017 and is headquartered in Ottawa, Canada.

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Frequently Asked Questions

Is DEFSEC Technologies Inc. (DFSC) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is DEFSEC Technologies Inc.'s debt ratio?

DEFSEC Technologies Inc.'s debt ratio is 10.1% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are DEFSEC Technologies Inc.'s key financial metrics?

DEFSEC Technologies Inc. has a market capitalization of USD 4M in its listing currency, and revenue of $5M. The company maintains a gross margin of 32.4% and a net margin of -153.9%. Return on equity stands at -134.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: September 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.