Zenas BioPharma, Inc. (ZBIO) Financial Ratio Screen

NASDAQ Healthcare United States USD 1844M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Zenas BioPharma, Inc. (ZBIO) is potentially non-compliant in the automated ratio model. While the debt ratio of 0.3% is acceptable, the cash and interest-bearing securities ratio of 89.5% exceeds the 30% threshold. Zenas BioPharma, Inc. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

ZBIO financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
0.3%
Pass vs 30%
Cash ratio
89.5%
Fail vs 30%
Receivables + cash
N/A
Not available vs 30%
Impermissible income
121.5%
Fail vs 5%

Calculation date: 2026-10-15. 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 date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Biotechnology) 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: Zenas BioPharma, Inc., a clinical-stage biopharma company, engages in the development and commercialization of transformative immunology-based therapies. Its lead product candidate is obexelimab, a bifunctional monoclonal antibody designed to bind CD19 and Fc?RIIb for the treatment of various I&I diseases and various indications, including immunoglobulin G4-related disease, multiple sclerosis, and systemic lupus erythematosus. The company develops ZB002, an anti-TNFa monoclonal antibody; ZB004, a CTLA-4-Ig fusion protein designed to have an extended half-life versus; and ZB001, an anti-IGF-1R monoclonal antibody. The company was formerly known as Zenas BioPharma (Cayman) Limited and changed its name to Zenas BioPharma, Inc. in August 2023. The company was incorporated in 2019 and is headquartered in Waltham, Massachusetts.

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 0.3%
/ 30%
89.5%
/ 30%
N/A 121.51%
/ 5%
RATIOS FAIL*
FTSE 0.3%
/ 33%
89.5%
/ 33%
N/A 121.51%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
currency unverified -9.63
Dividend Yield
0.0%
P/B Ratio
7.3
EV/EBITDA
-5.5
EV: USD 1.5B
Revenue
USD 10M
Beta
-1.0
Low volatility
Current Ratio
9.9

Profitability

Gross Margin 0.0%
Operating Margin -7765.9%
Net Margin 0.0%
Return on Equity (ROE) -199.0%
Return on Assets (ROA) -34.4%

Cash Flow & Balance Sheet

Operating Cash FlowUSD -172M
Free Cash FlowUSD -207M
Total DebtUSD 1M
Debt-to-Equity120.5
Current Ratio9.9
Total AssetsUSD 384M

Price & Trading

Last Close$27.94
50-Day MA$31.23
200-Day MA$25.28
Avg Volume740K
Beta-1.0
52-Week Range
$13.50
$44.60

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-05 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 Zenas BioPharma, Inc. (ZBIO)

CEO
Mr. Leon Oliver Moulder Jr., M.B.A.
Employees
167
Sector
Healthcare
Industry
Biotechnology
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 1844M
Currency
USD

Zenas BioPharma, Inc., a clinical-stage biopharma company, engages in the development and commercialization of transformative immunology-based therapies. Its lead product candidate is obexelimab, a bifunctional monoclonal antibody designed to bind CD19 and Fc?RIIb for the treatment of various I&I diseases and various indications, including immunoglobulin G4-related disease, multiple sclerosis, and systemic lupus erythematosus. The company develops ZB002, an anti-TNFa monoclonal antibody; ZB004, a CTLA-4-Ig fusion protein designed to have an extended half-life versus; and ZB001, an anti-IGF-1R monoclonal antibody. The company was formerly known as Zenas BioPharma (Cayman) Limited and changed its name to Zenas BioPharma, Inc. in August 2023. The company was incorporated in 2019 and is headquartered in Waltham, Massachusetts.

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Frequently Asked Questions

Is Zenas BioPharma, Inc. (ZBIO) 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 Zenas BioPharma, Inc.'s debt ratio?

Zenas BioPharma, Inc.'s debt ratio is 0.3% 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 Zenas BioPharma, Inc.'s key financial metrics?

Zenas BioPharma, Inc. has a market capitalization of USD 1844M in its listing currency, and revenue of USD 10M. Return on equity stands at -199.0%.

How often is the screening data updated?

Calculation date: 2026-10-15. 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.