Is Canaan Inc. (CAN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.7% / 30% | 27.8% / 30% | 33.1% / 30% | 0.2% / 5% | ✗ NOT HALAL |
| DJIM | 7.7% / 33% | 27.8% / 33% | 33.1% / 33% | 0.2% / 5% | ✗ NOT HALAL |
| MSCI | 5.8% / 33% | 20.8% / 33% | 24.8% / 33% | 0.2% / 5% | ✓ HALAL |
| S&P | 7.7% / 33% | 27.8% / 33% | 33.1% / 33% | 0.2% / 5% | ✗ NOT HALAL |
| FTSE | 5.8% / 33% | 20.8% / 33% | 24.8% / 50% | 0.2% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 7.8% | |
| Operating Margin | -7.6% | |
| Net Margin | -39.7% | |
| Return on Equity (ROE) | -59.8% | |
| Return on Assets (ROA) | -12.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$199M |
| Free Cash Flow | -$219M |
| Total Debt | $27M |
| Debt-to-Equity | 12.6 |
| Current Ratio | 3.3 |
| Total Assets | $463M |
Price & Trading
| Last Close | $0.42 |
| 50-Day MA | $0.55 |
| 200-Day MA | $0.83 |
| Avg Volume | 15.5M |
| Beta | 2.5 |
|
52-Week Range
$0.40
| |
About Canaan Inc. (CAN)
Canaan Inc. engages in the research and development, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of edge computing chip products, as well as mining business. The company has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Georgia, Paraguay, Thailand, Indonesia, Australia, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
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Frequently Asked Questions
Is Canaan Inc. (CAN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Canaan 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 Canaan Inc.'s debt ratio?
Canaan Inc.'s debt ratio is 7.7% 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 5.8%.
What are Canaan Inc.'s key financial metrics?
Canaan Inc. has a market capitalization of $278M, and revenue of $269M. The company maintains a gross margin of 7.8% and a net margin of -39.7%. Return on equity stands at -59.8%.
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.