Is ATCH (ATCH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 83.5% | |
| Operating Margin | -16.8% | |
| Net Margin | 12.1% | |
| Return on Assets (ROA) | -1.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$2M |
| Total Debt | $480,000 |
| Debt-to-Equity | 70.6 |
| Current Ratio | 1.6 |
| Total Assets | $55M |
Price & Trading
| Last Close | $0.19 |
| 50-Day MA | $0.23 |
| 200-Day MA | $0.29 |
| Avg Volume | 4.7M |
| Beta | 0.6 |
|
52-Week Range
$0.14
| |
About ATCH (ATCH)
AtlasClear Holdings, Inc. operates as a technology enabled financial services firm. It creates a platform for trading, clearing, settlement, and banking of financial products, such as crypto for financial services firms. The company offers fintech assets, including AtlasFX and Rubicon, an order management system and trading application for the automated management of currency exchange; SURFACExchange, a multi-lateral trading platform for over the counter spot and options FX trading; and BondQuantum, a real time advance analytical program for the analysis of bonds. It also engages in the provision of back and middle office solutions; and securities broker and dealer, as well as dealing in over-the-counter and listed securities. AtlasClear Holdings, Inc. is based in Tampa, Florida.
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Frequently Asked Questions
Is ATCH (ATCH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ATCH 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 ATCH's debt ratio?
ATCH's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ATCH's key financial metrics?
ATCH has a market capitalization of $27M, and revenue of $11M. The company maintains a gross margin of 83.5% and a net margin of 12.1%.
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.