HeartCore Enterprises, Inc. (HTCR) Financial Ratio Screen

NASDAQ Technology Japan USD 6M
RATIOS FAIL*
Automated financial screen · activity assessed separately
HeartCore Enterprises, Inc. (HTCR) is potentially non-compliant in the automated ratio model. While the debt ratio of 27.1% is acceptable, the cash and interest-bearing securities ratio of 47.4% exceeds the 30% threshold. HeartCore Enterprises, Inc. operates in the Technology sector.

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MSCI new-inclusion financial-ratio snapshot

HTCR financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
27.1%
Pass vs 30%
Cash ratio
47.4%
Fail vs 30%
Receivables + cash
62.3%
Fail vs 30%
Impermissible income
0.1%
Pass vs 5%

Calculation date: 2026-08-31. 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
Request this stock review
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 date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Software - Application) 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: HeartCore Enterprises, Inc., a software development company, provides software as a service solutions to enterprise customers in Japan, the United States, and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations that enable companies to attract and engage customers throughout the customer experience. The company also operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises. In addition, it offers education, services, and support solutions; Go IPO consulting services; and Robot Automation portal, a web portal that allows customers to monitor and manage automation with RPA over a TCP/IP network. The company serves customers in various industries, such as consumer and retail, energy, financial services, healthcare/pharmaceuticals, insurance, manufacturing, technology, telecommunications, and others. HeartCore Enterprises, Inc. was founded in 2009 and is headquartered in Tokyo, Japan.

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 27.1%
/ 30%
47.4%
/ 30%
62.3%
/ 30%
0.06%
/ 5%
RATIOS FAIL*
FTSE 27.1%
/ 33%
47.4%
/ 33%
62.3%
/ 50%
0.06%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-0.54
P/B Ratio
1.4
EV/EBITDA
-0.4
EV: $2M
Revenue
$30M
Growth: -81.6%
Beta
2.0
High volatility
Current Ratio
1.4

Profitability

Gross Margin 33.1%
Operating Margin -0.4%
Net Margin -66.8%
Return on Equity (ROE) -163.5%
Return on Assets (ROA) -13.6%

Cash Flow & Balance Sheet

Operating Cash Flow-$5M
Free Cash Flow-$5M
Total Debt$4M
Debt-to-Equity24.8
Current Ratio1.4
Total Assets$14M

Price & Trading

Last Close$0.24
50-Day MA$0.26
200-Day MA$0.53
Avg Volume576K
Beta2.0
52-Week Range
$0.22
$1.67

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 HeartCore Enterprises, Inc. (HTCR)

CEO
Peter Johann Westhuizen
Employees
91
Sector
Technology
Industry
Software - Application
Country
Japan
Exchange
NASDAQ
Market Cap (listing currency)
USD 6M
Currency
USD

HeartCore Enterprises, Inc., a software development company, provides software as a service solutions to enterprise customers in Japan, the United States, and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations that enable companies to attract and engage customers throughout the customer experience. The company also operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises. In addition, it offers education, services, and support solutions; Go IPO consulting services; and Robot Automation portal, a web portal that allows customers to monitor and manage automation with RPA over a TCP/IP network. The company serves customers in various industries, such as consumer and retail, energy, financial services, healthcare/pharmaceuticals, insurance, manufacturing, technology, telecommunications, and others. HeartCore Enterprises, Inc. was founded in 2009 and is headquartered in Tokyo, Japan.

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Frequently Asked Questions

Is HeartCore Enterprises, Inc. (HTCR) 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 HeartCore Enterprises, Inc.'s debt ratio?

HeartCore Enterprises, Inc.'s debt ratio is 27.1% 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 HeartCore Enterprises, Inc.'s key financial metrics?

HeartCore Enterprises, Inc. has a market capitalization of USD 6M in its listing currency, and revenue of $30M. The company maintains a gross margin of 33.1% and a net margin of -66.8%. Return on equity stands at -163.5%.

How often is the screening data updated?

Calculation date: 2026-08-31. 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.