HSCS (HeartSciences) Total Assets : $5.70 Mil (As of Jan. 2025)

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What is HeartSciences Total Assets?

HeartSciences's Total Assets for the quarter that ended in Jan. 2025 was $5.70 Mil.

During the past 12 months, HeartSciences's average Total Assets Growth Rate was -16.60% per year. During the past 3 years, the average Total Assets Growth Rate was 45.30% per year.

During the past 5 years, HeartSciences's highest 3-Year average Total Assets Growth Rate was 45.30%. The lowest was 3.70%. And the median was 24.50%.

Total Assets is connected with ROA %. HeartSciences's annualized ROA % for the quarter that ended in Jan. 2025 was -150.49%. Total Assets is also linked to Revenue through Asset Turnover. HeartSciences's Asset Turnover for the quarter that ended in Jan. 2025 was 0.00.

HeartSciences Total Assets Historical Data

The historical data trend for HeartSciences's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HeartSciences Total Assets Chart

HeartSciences Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Total Assets

1.96

1.93

2.09

3.29

9.50

HeartSciences Quarterly Data
	Apr20	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Total Assets	Get a 7-Day Free Trial												10.80	9.50	8.19	7.78	5.70

HeartSciences Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

HeartSciences's Total Assets for the fiscal year that ended in Apr. 2024 is calculated as

Total Assets	=	Total Equity (A: Apr. 2024 )	+	Total Liabilities (A: Apr. 2024 )
	=	7.317	+	2.186
	=	9.50

HeartSciences's Total Assets for the quarter that ended in Jan. 2025 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2025 )	+	Total Liabilities (Q: Jan. 2025 )
	=	1.787	+	3.917
	=	5.70

HeartSciences (NAS:HSCS) Total Assets Explanation

Total Assets is connected with ROA %.

HeartSciences's annualized ROA % for the quarter that ended in Jan. 2025 is

ROA %	=	Net Income (Q: Jan. 2025 )	/	( (Total Assets (Q: Oct. 2024 )	+	Total Assets (Q: Jan. 2025 ))	/ count )
	=	-10.144	/	( (7.777	+	5.704)	/ 2 )
	=	-10.144	/	6.7405
	=	-150.49 %

Note: The Net Income data used here is four times the quarterly (Jan. 2025) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

HeartSciences's Asset Turnover for the quarter that ended in Jan. 2025 is

	Asset Turnover
=	Revenue (Q: Jan. 2025 )	/	( (Total Assets (Q: Oct. 2024 )	+	Total Assets (Q: Jan. 2025 ))	/ count )
=	0	/	( (7.777	+	5.704)	/ 2 )
=	0	/	6.7405
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

HeartSciences Total Assets Related Terms

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HeartSciences Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » HeartSciences Inc (NAS:HSCS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Reserve Street, Suite 360, Southlake, TX, USA, 76092

Website

https://www.heartsciences.com

HeartSciences Inc is an artificial intelligence (AI)-powered medical technology company focused on transforming ECGs/EKGs to save lives through earlier detection of heart disease. Its objective is to improve healthcare by making it a far more valuable cardiac screening tool, particularly in frontline or point-of-care clinical settings. It is developing a suite of AI-ECG diagnostic solutions for use in any healthcare care setting, either via MyoVista Insights cloud-platform using one of the millions of ECG devices currently in clinical use or via MyoVista wavECG Device.

Executives

David R. Wells	director	2801 OCEAN PARK BLVD., SUITE 339, SANTA MONICA CA 90405
Bruce Bent	director	750 BONHAM PARKWAY, LANTANA TX 76226
Mark T Hilz	director, officer: See Remarks	3301 DAKOTA DRIVE, NORTHLAKE TX 76226
Patrick Kanouff	director	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Brian Szymczak	director	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Danielle Watson	officer: See Remarks	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092
Andrew Simpson	director, officer: See Remarks	550 RESERVE STREET, SUITE 360, SOUTHLAKE TX 76092