Is Picard Medical, Inc. (PMI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 26.3% / 30% | 0.1% / 30% | 0.8% / 30% | 0.0% / 5% | ✓ HALAL |
| DJIM | 26.3% / 33% | 0.1% / 33% | 0.8% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 172.9% / 33% | 0.8% / 33% | 5.2% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 26.3% / 33% | 0.1% / 33% | 0.8% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 172.9% / 33% | 0.8% / 33% | 5.2% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -10.0% | |
| Operating Margin | -293.8% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -67.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$12M |
| Free Cash Flow | -$12M |
| Total Debt | $21M |
| Debt-to-Equity | 7.7 |
| Current Ratio | 2.2 |
| Total Assets | $12M |
Price & Trading
| Last Close | $1.01 |
| 50-Day MA | $1.41 |
| 200-Day MA | $3.74 |
| Avg Volume | 810K |
|
52-Week Range
$0.92
| |
About Picard Medical, Inc. (PMI)
Picard Medical, Inc., through its subsidiaries, engages in the designing, manufacturing, production, supply, marketing, and sale of medical device products. The company offers SynCardia TAH, an artificial heart for patients that is designed to function as a failed human heart in patients suffering from advanced heart failure. The company operates in the USA, Europe, and internationally. The company was incorporated in 2021 and is based in Tucson, Arizona. Picard Medical, Inc. is a subsidiary of Hunniwell Picard I, Llc.
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Frequently Asked Questions
Is Picard Medical, Inc. (PMI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Picard Medical, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Picard Medical, Inc.'s debt ratio?
Picard Medical, Inc.'s debt ratio is 26.3% 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 172.9%.
What are Picard Medical, Inc.'s key financial metrics?
Picard Medical, Inc. has a market capitalization of $68M, and revenue of $4M.
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.