Is Ascent Solar Technologies, Inc. (ASTI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.7% / 30% | 7.2% / 30% | 0.0% / 30% | 1078.67% / 5% | ✗ NOT HALAL |
| DJIM | 4.7% / 33% | 7.2% / 33% | 0.0% / 33% | 1078.67% / 5% | ✗ NOT HALAL |
| MSCI | 28.9% / 33% | 44.4% / 33% | 0.0% / 33% | 1078.67% / 5% | ✗ NOT HALAL |
| S&P | 4.7% / 33% | 7.2% / 33% | 0.0% / 33% | 1078.67% / 5% | ✗ NOT HALAL |
| FTSE | 28.9% / 33% | 44.4% / 33% | 0.0% / 50% | 1078.67% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | -13243.9% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -233.2% | |
| Return on Assets (ROA) | -73.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$8M |
| Free Cash Flow | -$8M |
| Total Debt | $2M |
| Debt-to-Equity | 43.9 |
| Current Ratio | 1.5 |
| Total Assets | $7M |
Price & Trading
| Last Close | $3.88 |
| 50-Day MA | $5.77 |
| 200-Day MA | $3.19 |
| Avg Volume | 2.6M |
| Beta | 0.9 |
|
52-Week Range
$1.10
| |
About Ascent Solar Technologies, Inc. (ASTI)
Ascent Solar Technologies, Inc., a solar technology company, engages in the manufacture and sale of photovoltaic solar modules in the United States. The company's technology provides renewable power solutions to high-value production and specialty solar markets, including space power beaming, aerospace, satellites, near earth orbiting vehicles, fixed wing unmanned, aerial vehicles, aquatic, terrestrial, and other weight-sensitive markets. It markets and sells its products through direct customers, distributors, retailers, OEMs, system integrators and value-added resellers. Ascent Solar Technologies, Inc. was incorporated in 2005 and is based in Thornton, Colorado.
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Frequently Asked Questions
Is Ascent Solar Technologies, Inc. (ASTI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ascent Solar Technologies, 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 Ascent Solar Technologies, Inc.'s debt ratio?
Ascent Solar Technologies, Inc.'s debt ratio is 4.7% 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 28.9%.
What are Ascent Solar Technologies, Inc.'s key financial metrics?
Ascent Solar Technologies, Inc. has a market capitalization of $33M, and revenue of $41,893. Return on equity stands at -233.2%.
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.