HERON THERAPEUTICS, INC. /DE/ (HRTX) Financial Ratio Screen

NASDAQ Healthcare United States USD 148M
RATIOS FAIL*
Automated financial screen · activity assessed separately
HERON THERAPEUTICS, INC. /DE/ (HRTX) is potentially non-compliant in the automated ratio model. The company's debt ratio of 55.0% exceeds the 30% MSCI new-inclusion threshold relative to total assets. HERON THERAPEUTICS, INC. /DE/ operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

HRTX financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
55.0%
Fail vs 30%
Cash ratio
18.2%
Pass vs 30%
Receivables + cash
53.2%
Fail vs 30%
Impermissible income
1.3%
Pass vs 5%

Calculation date: 2026-09-01. Financial period used: December 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 periodDecember 2025Calculation 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: Heron Therapeutics, Inc., a commercial-stage biotechnology company, engages in developing and commercializing therapeutic that enhances medical care. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration. It offers SUSTOL (granisetron), an extended-release injection for the prevention of acute and delayed nausea and vomiting associated with moderately emetogenic chemotherapy, or anthracycline and cyclophosphamide combination chemotherapy regimens; and CINVANTI, an intravenous formulation of aprepitant, a substance P/neurokinin-1 receptor antagonist for the prevention of acute and delayed nausea and vomiting associated with highly emetogenic cancer chemotherapy, as well as nausea and vomiting associated with moderately emetogenic cancer chemotherapy. The company is also developing ZYNRELEF, a dual-acting local anesthetic that delivers a fixed-dose combination of the local anesthetic bupivacaine and a low dose of the nonsteroidal anti-inflammatory drug meloxicam; and APONVIE, an intravenous formulation of a substance P/neurokinin-1 receptor antagonist indicated for the prevention of postoperative nausea and vomiting in adults. Heron Therapeutics, Inc. was formerly known as A.P. Pharma, Inc. and changed its name to Heron Therapeutics, Inc. in January 2014. The company was founded in 1983 and is headquartered in Cary, 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 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 55.0%
/ 30%
18.2%
/ 30%
53.2%
/ 30%
1.26%
/ 5%
RATIOS FAIL*
FTSE 55.0%
/ 33%
18.2%
/ 33%
53.2%
/ 50%
1.26%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-0.12
P/B Ratio
11.0
EV/EBITDA
-1084.0
EV: $243M
Revenue
$155M
Growth: -0.5%
Beta
1.3
High volatility
Current Ratio
2.5

Profitability

Gross Margin 72.6%
Operating Margin 0.1%
Net Margin -13.0%
Return on Assets (ROA) -0.6%

Cash Flow & Balance Sheet

Operating Cash Flow-$28M
Free Cash Flow-$28M
Total Debt$141M
Debt-to-Equity981.2
Current Ratio2.5
Total Assets$256M

Price & Trading

Last Close$0.83
50-Day MA$1.14
200-Day MA$1.38
Avg Volume1.7M
Beta1.3
52-Week Range
$0.75
$2.61

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 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 HERON THERAPEUTICS, INC. /DE/ (HRTX)

CEO
Mr. Craig Alexander Collard
Employees
128
Sector
Healthcare
Industry
Biotechnology
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 148M
Currency
USD

Heron Therapeutics, Inc., a commercial-stage biotechnology company, engages in developing and commercializing therapeutic that enhances medical care. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration. It offers SUSTOL (granisetron), an extended-release injection for the prevention of acute and delayed nausea and vomiting associated with moderately emetogenic chemotherapy, or anthracycline and cyclophosphamide combination chemotherapy regimens; and CINVANTI, an intravenous formulation of aprepitant, a substance P/neurokinin-1 receptor antagonist for the prevention of acute and delayed nausea and vomiting associated with highly emetogenic cancer chemotherapy, as well as nausea and vomiting associated with moderately emetogenic cancer chemotherapy. The company is also developing ZYNRELEF, a dual-acting local anesthetic that delivers a fixed-dose combination of the local anesthetic bupivacaine and a low dose of the nonsteroidal anti-inflammatory drug meloxicam; and APONVIE, an intravenous formulation of a substance P/neurokinin-1 receptor antagonist indicated for the prevention of postoperative nausea and vomiting in adults. Heron Therapeutics, Inc. was formerly known as A.P. Pharma, Inc. and changed its name to Heron Therapeutics, Inc. in January 2014. The company was founded in 1983 and is headquartered in Cary, North Carolina.

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Frequently Asked Questions

Is HERON THERAPEUTICS, INC. /DE/ (HRTX) 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 HERON THERAPEUTICS, INC. /DE/'s debt ratio?

HERON THERAPEUTICS, INC. /DE/'s debt ratio is 55.0% 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 HERON THERAPEUTICS, INC. /DE/'s key financial metrics?

HERON THERAPEUTICS, INC. /DE/ has a market capitalization of USD 148M in its listing currency, and revenue of $155M. The company maintains a gross margin of 72.6% and a net margin of -13.0%.

How often is the screening data updated?

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