Is ARTESIAN RESOURCES CORP (ARTNA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 51.4% / 30% | 0.3% / 30% | 4.0% / 30% | 2.8% / 5% | ✗ NOT HALAL |
| DJIM | 51.4% / 33% | 0.3% / 33% | 4.0% / 33% | 2.8% / 5% | ✗ NOT HALAL |
| MSCI | 22.4% / 33% | 0.1% / 33% | 1.7% / 33% | 2.8% / 5% | ✓ HALAL |
| S&P | 51.4% / 33% | 0.3% / 33% | 4.0% / 33% | 2.8% / 5% | ✗ NOT HALAL |
| FTSE | 22.4% / 33% | 0.1% / 33% | 1.7% / 50% | 2.8% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 49.4% | |
| Operating Margin | 25.4% | |
| Net Margin | 20.2% | |
| Return on Equity (ROE) | 9.3% | |
| Return on Assets (ROA) | 2.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $40M |
| Free Cash Flow | -$18M |
| Total Debt | $183M |
| Debt-to-Equity | 73.1 |
| Current Ratio | 0.6 |
| Total Assets | $851M |
Price & Trading
| Last Close | $32.17 |
| 50-Day MA | $32.99 |
| 200-Day MA | $32.79 |
| Avg Volume | 60K |
| Beta | 0.3 |
|
52-Week Range
$30.50
| |
About ARTESIAN RESOURCES CORP (ARTNA)
Artesian Resources Corporation provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection; and offers wastewater collection, treatment infrastructure, and wastewater services to customers. It also provides contract water and wastewater operations; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services. As of December 31, 2025, it served customers in Delaware, Maryland, and Pennsylvania through 1,515 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
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Frequently Asked Questions
Is ARTESIAN RESOURCES CORP (ARTNA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ARTESIAN RESOURCES CORP 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 ARTESIAN RESOURCES CORP's debt ratio?
ARTESIAN RESOURCES CORP's debt ratio is 51.4% 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 22.4%.
What are ARTESIAN RESOURCES CORP's key financial metrics?
ARTESIAN RESOURCES CORP has a market capitalization of $330M, trailing P/E ratio of 14.5, and revenue of $113M. The company maintains a gross margin of 49.4% and a net margin of 20.2%. Return on equity stands at 9.3%.
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.