Is Healthcare Triangle, Inc. (HCTI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 129.7% / 30% | 1.0% / 30% | 54.3% / 30% | 1.39% / 5% | ✗ NOT HALAL |
| DJIM | 129.7% / 33% | 1.0% / 33% | 54.3% / 33% | 1.39% / 5% | ✗ NOT HALAL |
| MSCI | 135.1% / 33% | 1.0% / 33% | 56.6% / 33% | 1.39% / 5% | ✗ NOT HALAL |
| S&P | 129.7% / 33% | 1.0% / 33% | 54.3% / 33% | 1.39% / 5% | ✗ NOT HALAL |
| FTSE | 135.1% / 33% | 1.0% / 33% | 56.6% / 50% | 1.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 13.1% | |
| Operating Margin | -74.3% | |
| Net Margin | -48.8% | |
| Return on Equity (ROE) | -183.0% | |
| Return on Assets (ROA) | -39.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$1M |
| Total Debt | $3M |
| Debt-to-Equity | 17.5 |
| Current Ratio | 2.0 |
| Total Assets | $2M |
Price & Trading
| Last Close | $2.78 |
| 50-Day MA | $8.96 |
| 200-Day MA | $157.59 |
| Avg Volume | 576K |
| Beta | 1.0 |
|
52-Week Range
$2.46
| |
About Healthcare Triangle, Inc. (HCTI)
Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure in private, hybrid, and public cloud infrastructures; DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations; Blockchain; and Cybersecurity navigator. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, the company offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery capabilities on public cloud. It also serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. The company was incorporated in 2019 and is based in Pleasanton, California.
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Frequently Asked Questions
Is Healthcare Triangle, Inc. (HCTI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Healthcare Triangle, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Healthcare Triangle, Inc.'s debt ratio?
Healthcare Triangle, Inc.'s debt ratio is 129.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 135.1%.
What are Healthcare Triangle, Inc.'s key financial metrics?
Healthcare Triangle, Inc. has a market capitalization of $3M, and revenue of $12M. The company maintains a gross margin of 13.1% and a net margin of -48.8%. Return on equity stands at -183.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
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.