Is Ardmore Shipping Corp (ASC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.8% / 30% | 7.2% / 30% | 9.4% / 30% | N/A | ✓ HALAL |
| DJIM | 6.8% / 33% | 7.2% / 33% | 9.4% / 33% | N/A | ✓ HALAL |
| MSCI | 6.3% / 33% | 6.7% / 33% | 8.6% / 33% | N/A | ✓ HALAL |
| S&P | 6.8% / 33% | 7.2% / 33% | 9.4% / 33% | N/A | ✓ HALAL |
| FTSE | 6.3% / 33% | 6.7% / 33% | 8.6% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 34.2% | |
| Operating Margin | 17.4% | |
| Net Margin | 13.2% | |
| Return on Equity (ROE) | 6.5% | |
| Return on Assets (ROA) | 3.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $160M |
| Free Cash Flow | $99M |
| Total Debt | $44M |
| Debt-to-Equity | 20.3 |
| Current Ratio | 4.3 |
| Total Assets | $705M |
Price & Trading
| Last Close | $15.22 |
| 50-Day MA | $14.11 |
| 200-Day MA | $12.08 |
| Avg Volume | 736K |
| Beta | -0.2 |
|
52-Week Range
$8.32
| |
About Ardmore Shipping Corp (ASC)
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 26 vessels, including 25 owned Eco-design vessels and one chartered-in vessels. It serves oil majors, national oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is headquartered in Hamilton, Bermuda.
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Frequently Asked Questions
Is Ardmore Shipping Corp (ASC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ardmore Shipping Corp is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Ardmore Shipping Corp's debt ratio?
Ardmore Shipping Corp's debt ratio is 6.8% 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 6.3%.
What are Ardmore Shipping Corp's key financial metrics?
Ardmore Shipping Corp has a market capitalization of $619M, trailing P/E ratio of 17.2. The company maintains a gross margin of 34.2% and a net margin of 13.2%. Return on equity stands at 6.5%.
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.