HeartSciences Inc. (HSCS) Financial Ratio Screen

NASDAQ Healthcare United States USD 7M
RATIOS FAIL*
Automated financial screen · activity assessed separately
HeartSciences Inc. (HSCS) is potentially non-compliant in the automated ratio model. The company's debt ratio of 70.7% exceeds the 30% MSCI new-inclusion threshold relative to total assets. HeartSciences Inc. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

HSCS financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
70.7%
Fail vs 30%
Cash ratio
26.0%
Pass vs 30%
Receivables + cash
26.1%
Pass vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-17. Financial period used: April 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 periodApril 2025Calculation date2026-10-17S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Medical Devices) 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: HeartSciences Inc., a medical technology company, focuses on applying AI-based technology to an ECG to expand and improve clinical usefulness. It develops artificial intelligence-enhanced electrocardiography (AI-ECG) solutions, an algorithm to detect impaired cardiac relaxation or cardiac dysfunction caused by heart disease and/or age-related cardiac dysfunction; MyoVista wavECG device, a resting 12-lead ECG that provides diagnostic information related to cardiac dysfunction, as well as conventional ECG information in the same test; and MyoVista Insights, a cloud-based platform to host AI-ECG algorithms on an ECG hardware agnostic basis. The company was formerly known as Heart Test Laboratories, Inc. and changed its name to HeartSciences Inc. in October 2024. HeartSciences Inc. was incorporated in 2007 and is headquartered in Southlake, Texas.

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 debt and cash 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 April 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 70.7%
/ 30%
26.0%
/ 30%
26.1%
/ 30%
N/A RATIOS FAIL*
FTSE 70.7%
/ 33%
26.0%
/ 33%
26.1%
/ 50%
N/A RATIOS FAIL*

Financial Highlights

EPS
currency unverified -4.49
P/B Ratio
2.7
EV/EBITDA
-1.0
EV: 8M (currency unverified)
Revenue
4,350 (currency unverified)
Beta
2.5
High volatility
Current Ratio
1.2

Profitability

Gross Margin 57.9%
Operating Margin -89939.6%
Net Margin 0.0%
Return on Equity (ROE) -382.3%
Return on Assets (ROA) -73.5%

Cash Flow & Balance Sheet

Operating Cash Flow-7M (currency unverified)
Free Cash Flow-7M (currency unverified)
Total Debt3M (currency unverified)
Debt-to-Equity145.8
Current Ratio1.2
Total Assets4M (currency unverified)

Price & Trading

Last Close$2.31
50-Day MA$2.89
200-Day MA$3.22
Avg Volume25K
Beta2.5
52-Week Range
$2.01
$6.47

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period April 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 HeartSciences Inc. (HSCS)

CEO
Mr. Andrew Simpson
Employees
15
Sector
Healthcare
Industry
Medical Devices
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 7M
Currency
USD

HeartSciences Inc., a medical technology company, focuses on applying AI-based technology to an ECG to expand and improve clinical usefulness. It develops artificial intelligence-enhanced electrocardiography (AI-ECG) solutions, an algorithm to detect impaired cardiac relaxation or cardiac dysfunction caused by heart disease and/or age-related cardiac dysfunction; MyoVista wavECG device, a resting 12-lead ECG that provides diagnostic information related to cardiac dysfunction, as well as conventional ECG information in the same test; and MyoVista Insights, a cloud-based platform to host AI-ECG algorithms on an ECG hardware agnostic basis. The company was formerly known as Heart Test Laboratories, Inc. and changed its name to HeartSciences Inc. in October 2024. HeartSciences Inc. was incorporated in 2007 and is headquartered in Southlake, Texas.

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Frequently Asked Questions

Is HeartSciences Inc. (HSCS) 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 HeartSciences Inc.'s debt ratio?

HeartSciences Inc.'s debt ratio is 70.7% 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 HeartSciences Inc.'s key financial metrics?

HeartSciences Inc. has a market capitalization of USD 7M in its listing currency, and revenue of 4,350 (currency unverified). Return on equity stands at -382.3%.

How often is the screening data updated?

Calculation date: 2026-10-17. Financial period: April 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.