Is Adagio Medical Holdings, Inc. (ADGM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 78.6% / 30% | 99.5% / 30% | 0.2% / 30% | 1.0% / 5% | ✗ NOT HALAL |
| DJIM | 78.6% / 33% | 99.5% / 33% | 0.2% / 33% | 1.0% / 5% | ✗ NOT HALAL |
| MSCI | 33.6% / 33% | 42.5% / 33% | 0.1% / 33% | 1.0% / 5% | ✗ NOT HALAL |
| S&P | 78.6% / 33% | 99.5% / 33% | 0.2% / 33% | 1.0% / 5% | ✗ NOT HALAL |
| FTSE | 33.6% / 33% | 42.5% / 33% | 0.1% / 50% | 1.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | -19543.8% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -210.4% | |
| Return on Assets (ROA) | -24.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$26M |
| Free Cash Flow | -$26M |
| Total Debt | $16M |
| Current Ratio | 0.8 |
| Total Assets | $48M |
Price & Trading
| Last Close | $1.23 |
| 50-Day MA | $1.02 |
| 200-Day MA | $1.25 |
| Avg Volume | 76K |
| Beta | 0.1 |
|
52-Week Range
$0.62
| |
About Adagio Medical Holdings, Inc. (ADGM)
Adagio Medical Holdings, Inc., a developmental stage medical device company, focuses on the development and commercialization of ablation technologies for the treatment of cardiac arrhythmias. It offers treatment for cardiac arrhythmias, including atrial fibrillation, atrial flutter, and ventricular tachycardia. The company's product portfolio includes iCLAS atrial ultra-low temperature cryoablation (ULTC) catheter and accessories; vCLAS ventricular ULTC catheter; and Cryopulse atrial pulsed-field cryoablation catheter and accessories. Adagio Medical Holdings, Inc. was founded in 2011 and is headquartered in Laguna Hills, California.
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Frequently Asked Questions
Is Adagio Medical Holdings, Inc. (ADGM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Adagio Medical Holdings, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Adagio Medical Holdings, Inc.'s debt ratio?
Adagio Medical Holdings, Inc.'s debt ratio is 78.6% 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 33.6%.
What are Adagio Medical Holdings, Inc.'s key financial metrics?
Adagio Medical Holdings, Inc. has a market capitalization of $27M, and revenue of $300,000. Return on equity stands at -210.4%.
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.