Spectral AI, Inc. (MDAI) Financial Ratio Screen

NASDAQ Healthcare United States USD 47M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Spectral AI, Inc. (MDAI) is potentially non-compliant in the automated ratio model. The company's debt ratio of 38.8% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Spectral AI, Inc. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

MDAI financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
38.8%
Fail vs 30%
Cash ratio
42.6%
Fail vs 30%
Receivables + cash
63.3%
Fail vs 30%
Impermissible income
0.1%
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
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 date2026-09-01S&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: Spectral AI, Inc., an artificial intelligence (AI) company, focuses on predictive medical diagnostics in the United States. The company offers DeepView System, which uses proprietary AI algorithms to distinguish between fully damaged, partially damaged, and healthy human tissue characteristics invisible to the naked eye at the initial time point of wound presentation; and delivers a binary prediction on the wounds capacity to heal or not heal by a specified time point in the future to assist the physician in making a more accurate, timely, and informed decision regarding the treatment of the patient's wounds. Its system also includes MSI imaging technology, which consists of proprietary multi-spectral optics and sensors that capture injured tissue images; and AI-Burn software. Spectral AI, Inc. is headquartered in Dallas, 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 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 38.8%
/ 30%
42.6%
/ 30%
63.3%
/ 30%
0.05%
/ 5%
RATIOS FAIL*
FTSE 38.8%
/ 33%
42.6%
/ 33%
63.3%
/ 50%
0.05%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-0.29
P/B Ratio
-8.0
EV/EBITDA
-4.9
EV: $42M
Revenue
$30M
Growth: -46.3%
Beta
1.0
Average volatility
Current Ratio
0.9

Profitability

Gross Margin 45.4%
Operating Margin -54.9%
Net Margin -38.5%
Return on Assets (ROA) -32.1%

Cash Flow & Balance Sheet

Operating Cash Flow-$9M
Free Cash Flow-$9M
Total Debt$5M
Current Ratio0.9
Total Assets$12M

Price & Trading

Last Close$1.52
50-Day MA$1.52
200-Day MA$1.92
Avg Volume566K
Beta1.0
52-Week Range
$1.05
$3.21

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 Spectral AI, Inc. (MDAI)

CEO
Mr. Vincent Stanley Capone Esq.
Sector
Healthcare
Industry
Medical Devices
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 47M
Currency
USD

Spectral AI, Inc., an artificial intelligence (AI) company, focuses on predictive medical diagnostics in the United States. The company offers DeepView System, which uses proprietary AI algorithms to distinguish between fully damaged, partially damaged, and healthy human tissue characteristics invisible to the naked eye at the initial time point of wound presentation; and delivers a binary prediction on the wounds capacity to heal or not heal by a specified time point in the future to assist the physician in making a more accurate, timely, and informed decision regarding the treatment of the patient's wounds. Its system also includes MSI imaging technology, which consists of proprietary multi-spectral optics and sensors that capture injured tissue images; and AI-Burn software. Spectral AI, Inc. is headquartered in Dallas, Texas.

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Frequently Asked Questions

Is Spectral AI, Inc. (MDAI) 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 Spectral AI, Inc.'s debt ratio?

Spectral AI, Inc.'s debt ratio is 38.8% 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 Spectral AI, Inc.'s key financial metrics?

Spectral AI, Inc. has a market capitalization of USD 47M in its listing currency, and revenue of $30M. The company maintains a gross margin of 45.4% and a net margin of -38.5%.

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.