Is BLACK HILLS CORP /SD/ (BKH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 84.7% / 30% | 3.3% / 30% | 7.4% / 30% | 0.29% / 5% | ✗ NOT HALAL |
| DJIM | 84.7% / 33% | 3.3% / 33% | 7.4% / 33% | 0.29% / 5% | ✗ NOT HALAL |
| MSCI | 43.2% / 33% | 1.7% / 33% | 3.8% / 33% | 0.29% / 5% | ✗ NOT HALAL |
| S&P | 84.7% / 33% | 3.3% / 33% | 7.4% / 33% | 0.29% / 5% | ✗ NOT HALAL |
| FTSE | 43.2% / 33% | 1.7% / 33% | 3.8% / 50% | 0.29% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.5% | |
| Operating Margin | 26.2% | |
| Net Margin | 12.6% | |
| Return on Equity (ROE) | 8.0% | |
| Return on Assets (ROA) | 3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $673M |
| Free Cash Flow | -$146M |
| Total Debt | $4.7B |
| Debt-to-Equity | 120.4 |
| Current Ratio | 1.3 |
| Total Assets | $10.9B |
Price & Trading
| Last Close | $68.47 |
| 50-Day MA | $72.34 |
| 200-Day MA | $65.33 |
| Avg Volume | 978K |
| Beta | 0.7 |
|
52-Week Range
$54.92
| |
About BLACK HILLS CORP /SD/ (BKH)
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments. The Electric Utilities segment engages in the generation, transmission, and distribution of electricity to electric utility customers in Colorado, Montana, South Dakota, and Wyoming; ownership and operation of 1,386 megawatts of generation capacity, and 9,478 miles of electric transmission and distribution lines; sale of excess power to other utilities and marketing companies; and ownership and operation of non-regulated power generation and mining assets. Its Gas Utilities segment is involved in the distribution of natural gas to approximately 1,138,000 natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; ownership and operation of 4,581 miles of intrastate gas transmission pipelines; 44,840 miles of gas distribution mains and service lines; seven natural gas storage sites; and approximately 50,000 horsepower of compression and 494 miles of gathering lines. The company also provides non-regulated services to its retail customers, including Service Guard Comfort Plan, which provides home appliance repair services through on-going monthly service agreements to residential utility customers; Tech Services, which include construction and maintenance of customer-owned gas infrastructure facilities, as well as electrical system construction services; and HomeServe, which are additional home repair service plans for natural gas residential customers. In addition, the company produces electric power through wind, natural gas, and coal-fired generating plants, as well as coal at its coal mine located near Gillette, Wyoming. Black Hills Corporation was incorporated in 1941 and is headquartered in Rapid City, South Dakota.
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Frequently Asked Questions
Is BLACK HILLS CORP /SD/ (BKH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BLACK HILLS CORP /SD/ 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 BLACK HILLS CORP /SD/'s debt ratio?
BLACK HILLS CORP /SD/'s debt ratio is 84.7% 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 43.2%.
What are BLACK HILLS CORP /SD/'s key financial metrics?
BLACK HILLS CORP /SD/ has a market capitalization of $5.2B, trailing P/E ratio of 17.3, and revenue of $2.3B. The company maintains a gross margin of 38.5% and a net margin of 12.6%. Return on equity stands at 8.0%.
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.