Is Concord Medical Services Holdings Ltd (CCM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 23824.7% / 30% | 2126.5% / 30% | 310.1% / 30% | 3.64% / 5% | ✗ NOT HALAL |
| DJIM | 23824.7% / 33% | 2126.5% / 33% | 310.1% / 33% | 3.64% / 5% | ✗ NOT HALAL |
| MSCI | 58.4% / 33% | 5.2% / 33% | 0.8% / 33% | 3.64% / 5% | ✗ NOT HALAL |
| S&P | 23824.7% / 33% | 2126.5% / 33% | 310.1% / 33% | 3.64% / 5% | ✗ NOT HALAL |
| FTSE | 58.4% / 33% | 5.2% / 33% | 0.8% / 50% | 3.64% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -11.4% | |
| Operating Margin | -72.1% | |
| Net Margin | -44.6% | |
| Return on Equity (ROE) | -29.0% | |
| Return on Assets (ROA) | -4.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$398M |
| Free Cash Flow | -$809M |
| Total Debt | $3.9B |
| Debt-to-Equity | 222.0 |
| Current Ratio | 0.4 |
| Total Assets | $6.7B |
Price & Trading
| Last Close | $3.65 |
| 50-Day MA | $3.87 |
| 200-Day MA | $4.87 |
| Avg Volume | 6K |
| Beta | -1.2 |
|
52-Week Range
$3.18
| |
About Concord Medical Services Holdings Ltd (CCM)
Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services. Its other treatments and diagnostic services comprise positron emission tomography-computed tomography and magnetic resonance imaging scanners. In addition, the company provides clinical support services, such as developing treatment protocols for doctors, and organizing joint diagnosis between doctors in its network and clinical research, as well as helps to recruit and determine the compensation of doctors and other medical personnel. Further, it offers radiotherapy and diagnostic equipment leasing, management services, and premium cancer and proton treatment services to hospitals, as well as teleconsultation and medical information technology services; and sells medical equipment. Additionally, the company operates specialty cancer hospitals, which offers radiation, imaging, test laboratory, inpatient, and nursing services. Concord Medical Services Holdings Limited was founded in 1997 and is headquartered in Beijing, China.
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Frequently Asked Questions
Is Concord Medical Services Holdings Ltd (CCM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Concord Medical Services Holdings Ltd 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 Concord Medical Services Holdings Ltd's debt ratio?
Concord Medical Services Holdings Ltd's debt ratio is 23824.7% 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 58.4%.
What are Concord Medical Services Holdings Ltd's key financial metrics?
Concord Medical Services Holdings Ltd has a market capitalization of $17M, and revenue of $384M. The company maintains a gross margin of -11.4% and a net margin of -44.6%. Return on equity stands at -29.0%.
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.