Is Borealis Foods Inc. (BRLS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 89.0% / 30% | 1.8% / 30% | 5.4% / 30% | 0.01% / 5% | ✗ NOT HALAL |
| DJIM | 89.0% / 33% | 1.8% / 33% | 5.4% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| MSCI | 53.8% / 33% | 1.1% / 33% | 3.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | 89.0% / 33% | 1.8% / 33% | 5.4% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| FTSE | 53.8% / 33% | 1.1% / 33% | 3.3% / 50% | 0.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 16.4% | |
| Operating Margin | -27.1% | |
| Net Margin | -65.7% | |
| Return on Assets (ROA) | -13.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$15M |
| Free Cash Flow | -$17M |
| Total Debt | $32M |
| Current Ratio | 0.1 |
| Total Assets | $60M |
Price & Trading
| Last Close | $1.49 |
| 50-Day MA | $1.40 |
| 200-Day MA | $2.54 |
| Avg Volume | 1.6M |
| Beta | 0.2 |
|
52-Week Range
$0.60
| |
About Borealis Foods Inc. (BRLS)
Borealis Foods Inc. operates as a food tech company that provides nutritious food products. It provides ramen noodles under the Chef Woo, Chef Ramsay, Ramen Express, and Woodles brands. The company is based in Oakville, Canada.
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Frequently Asked Questions
Is Borealis Foods Inc. (BRLS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Borealis Foods 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 Borealis Foods Inc.'s debt ratio?
Borealis Foods Inc.'s debt ratio is 89.0% 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 53.8%.
What are Borealis Foods Inc.'s key financial metrics?
Borealis Foods Inc. has a market capitalization of $30M, and revenue of $28M. The company maintains a gross margin of 16.4% and a net margin of -65.7%.
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.