SANUWAVE Health, Inc. (SNWV) Financial Ratio Screen

NASDAQ Healthcare United States USD 44M
RATIOS FAIL*
Automated financial screen · activity assessed separately
SANUWAVE Health, Inc. (SNWV) is potentially non-compliant in the automated ratio model. The company's debt ratio of 61.5% exceeds the 30% MSCI new-inclusion threshold relative to total assets. SANUWAVE Health, Inc. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

SNWV financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
61.5%
Fail vs 30%
Cash ratio
32.0%
Fail vs 30%
Receivables + cash
46.5%
Fail vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-16. 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
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 2025Calculation date2026-10-16S&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: SANUWAVE Health, Inc. operates as a medical device company in the United States and internationally. It focuses on the commercialization of regenerative medicines through noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company markets UltraMist system, a medical device that uses non-thermal ultrasound to treat tissues using a fluid mist to transmit energy in a non-contact and pain free way for use in the treatment of acute and chronic wounds. The company was founded in 2004 and is headquartered in Eden Prairie, Minnesota.

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 December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 61.5%
/ 30%
32.0%
/ 30%
46.5%
/ 30%
N/A RATIOS FAIL*
FTSE 61.5%
/ 33%
32.0%
/ 33%
46.5%
/ 50%
N/A RATIOS FAIL*

Financial Highlights

P/E Ratio
21.4
Forward: -514.0
EPS
currency unverified 0.24
Dividend Yield
0.0%
P/B Ratio
15.9
EV/EBITDA
13.0
EV: USD 56M
Revenue
USD 44M
Growth: -3.1%
Beta
1.4
High volatility
Current Ratio
1.3

Profitability

Gross Margin 76.3%
Operating Margin -2.9%
Net Margin 34.7%
Return on Assets (ROA) 5.5%

Cash Flow & Balance Sheet

Operating Cash FlowUSD 4M
Free Cash FlowUSD 2M
Total DebtUSD 23M
Debt-to-Equity742.9
Current Ratio1.3
Total AssetsUSD 37M

Price & Trading

Last Close$5.61
50-Day MA$4.86
200-Day MA$14.96
Avg Volume99K
Beta1.4
52-Week Range
$3.92
$36.42

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-15 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 SANUWAVE Health, Inc. (SNWV)

CEO
Mr. Morgan C. Frank
Employees
55
Sector
Healthcare
Industry
Medical Devices
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 44M
Currency
USD

SANUWAVE Health, Inc. operates as a medical device company in the United States and internationally. It focuses on the commercialization of regenerative medicines through noninvasive ultrasound or shockwaves to produce a biological response promoting the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company markets UltraMist system, a medical device that uses non-thermal ultrasound to treat tissues using a fluid mist to transmit energy in a non-contact and pain free way for use in the treatment of acute and chronic wounds. The company was founded in 2004 and is headquartered in Eden Prairie, Minnesota.

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Frequently Asked Questions

Is SANUWAVE Health, Inc. (SNWV) 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 SANUWAVE Health, Inc.'s debt ratio?

SANUWAVE Health, Inc.'s debt ratio is 61.5% 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 SANUWAVE Health, Inc.'s key financial metrics?

SANUWAVE Health, Inc. has a market capitalization of USD 44M in its listing currency, trailing P/E ratio of 21.4, and revenue of USD 44M. The company maintains a gross margin of 76.3% and a net margin of 34.7%.

How often is the screening data updated?

Calculation date: 2026-10-16. 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.