FENNEC PHARMACEUTICALS INC. (FENC) Financial Ratio Screen

NASDAQ Healthcare United States USD 203M
RATIOS FAIL*
Automated financial screen · activity assessed separately
FENNEC PHARMACEUTICALS INC. (FENC) is potentially non-compliant in the automated ratio model. The company's debt ratio of 43.0% exceeds the 30% MSCI new-inclusion threshold relative to total assets. FENNEC PHARMACEUTICALS INC. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

FENC financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
43.0%
Fail vs 30%
Cash ratio
59.3%
Fail vs 30%
Receivables + cash
87.9%
Fail vs 30%
Impermissible income
3.5%
Pass vs 5%

Calculation date: 2026-09-01. Financial period used: December 2024. 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 periodDecember 2024Calculation date2026-09-01S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Biotechnology) 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: Fennec Pharmaceuticals Inc. operates as a commercial stage biopharmaceutical company in the United States. The company's product candidate includes PEDMARK, a formulation of sodium thiosulfate for the prevention of cisplatin-induced ototoxicity pediatric patients. It sells its products through regional pediatric oncology specialists and medical science liaisons. Fennec Pharmaceuticals Inc. has collaboration with Tampa General Hospital Foundation, Inc. for evaluation of clinical utility of sodium thiosulfate injection in reducing the risk of ototoxicity in adolescent, young adult, and adult cancer patients receiving cisplatin-based treatment; and Norgine Pharma UK Limited. The company was formerly known as Adherex Technologies Inc. and changed its name to Fennec Pharmaceuticals Inc. in September 2014. Fennec Pharmaceuticals Inc. was incorporated in 1996 and is based in Research Triangle Park, North Carolina.

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 December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 43.0%
/ 30%
59.3%
/ 30%
87.9%
/ 30%
3.54%
/ 5%
RATIOS FAIL*
FTSE 43.0%
/ 33%
59.3%
/ 33%
87.9%
/ 50%
3.54%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-0.35
P/B Ratio
5.7
EV/EBITDA
-27.0
EV: $167M
Revenue
$48M
Growth: 73.8%
Beta
0.8
Average volatility
Current Ratio
6.4

Profitability

Gross Margin 91.6%
Operating Margin -18.5%
Net Margin -21.8%
Return on Equity (ROE) -65.8%
Return on Assets (ROA) -6.8%

Cash Flow & Balance Sheet

Operating Cash Flow$27M
Free Cash Flow$27M
Total Debt$19M
Current Ratio6.4
Total Assets$45M

Price & Trading

Last Close$6.51
50-Day MA$7.82
200-Day MA$8.22
Avg Volume151K
Beta0.8
52-Week Range
$4.68
$9.92

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. 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 FENNEC PHARMACEUTICALS INC. (FENC)

CEO
Mr. Robert C. Andrade
Employees
35
Sector
Healthcare
Industry
Biotechnology
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 203M
Currency
USD

Fennec Pharmaceuticals Inc. operates as a commercial stage biopharmaceutical company in the United States. The company's product candidate includes PEDMARK, a formulation of sodium thiosulfate for the prevention of cisplatin-induced ototoxicity pediatric patients. It sells its products through regional pediatric oncology specialists and medical science liaisons. Fennec Pharmaceuticals Inc. has collaboration with Tampa General Hospital Foundation, Inc. for evaluation of clinical utility of sodium thiosulfate injection in reducing the risk of ototoxicity in adolescent, young adult, and adult cancer patients receiving cisplatin-based treatment; and Norgine Pharma UK Limited. The company was formerly known as Adherex Technologies Inc. and changed its name to Fennec Pharmaceuticals Inc. in September 2014. Fennec Pharmaceuticals Inc. was incorporated in 1996 and is based in Research Triangle Park, North Carolina.

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Frequently Asked Questions

Is FENNEC PHARMACEUTICALS INC. (FENC) 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 FENNEC PHARMACEUTICALS INC.'s debt ratio?

FENNEC PHARMACEUTICALS INC.'s debt ratio is 43.0% 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 FENNEC PHARMACEUTICALS INC.'s key financial metrics?

FENNEC PHARMACEUTICALS INC. has a market capitalization of USD 203M in its listing currency, and revenue of $48M. The company maintains a gross margin of 91.6% and a net margin of -21.8%. Return on equity stands at -65.8%.

How often is the screening data updated?

Calculation date: 2026-09-01. Financial period: December 2024. 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.