Is CROSS COUNTRY HEALTHCARE INC (CCRN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.2% / 30% | 25.4% / 30% | 75.5% / 30% | 0.15% / 5% | ✗ NOT HALAL |
| DJIM | 1.2% / 33% | 25.4% / 33% | 75.5% / 33% | 0.15% / 5% | ✗ NOT HALAL |
| MSCI | 0.7% / 33% | 13.9% / 33% | 41.2% / 33% | 0.15% / 5% | ✗ NOT HALAL |
| S&P | 1.2% / 33% | 25.4% / 33% | 75.5% / 33% | 0.15% / 5% | ✗ NOT HALAL |
| FTSE | 0.7% / 33% | 13.9% / 33% | 41.2% / 50% | 0.15% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 20.3% | |
| Operating Margin | -0.6% | |
| Net Margin | -9.0% | |
| Return on Equity (ROE) | -25.6% | |
| Return on Assets (ROA) | 0.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $120M |
| Free Cash Flow | $111M |
| Total Debt | $4M |
| Debt-to-Equity | 0.7 |
| Current Ratio | 3.8 |
| Total Assets | $589M |
Price & Trading
| Last Close | $9.73 |
| 50-Day MA | $9.04 |
| 200-Day MA | $11.23 |
| Avg Volume | 603K |
| Beta | 0.4 |
|
52-Week Range
$7.43
| |
About CROSS COUNTRY HEALTHCARE INC (CCRN)
Cross Country Healthcare, Inc. provides talent management services for healthcare clients in the United States. The company operates in two segments: Nurse and Allied Staffing, and Physician Staffing. The Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel nurse and allied professionals, per diem, and healthcare leaders within nursing, allied, human resources, and finance; vendor neutral and managed services programs; and education healthcare, caregiver services, and outsourcing services. This segment offers staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term assignments, as well as workforce solutions, including MSP, VMS, RPO, project management, and other outsourcing and consultative services. It also provides retained search services for healthcare professionals, as well as contingent search and recruitment process outsourcing services. The company serves public and private acute care and non-acute care hospitals, government facilities, local and national healthcare plans, managed care providers, public and charter schools, outpatient clinics, ambulatory care facilities, correctional facilities, PACE programs, physician practice groups, and other healthcare providers. The Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants as independent contractors on temporary assignments. This segment serves various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The company was founded in 1986 and is headquartered in Boca Raton, Florida.
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Frequently Asked Questions
Is CROSS COUNTRY HEALTHCARE INC (CCRN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CROSS COUNTRY HEALTHCARE 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 CROSS COUNTRY HEALTHCARE INC's debt ratio?
CROSS COUNTRY HEALTHCARE INC's debt ratio is 1.2% 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 0.7%.
What are CROSS COUNTRY HEALTHCARE INC's key financial metrics?
CROSS COUNTRY HEALTHCARE INC has a market capitalization of $312M, and revenue of $1.3B. The company maintains a gross margin of 20.3% and a net margin of -9.0%. Return on equity stands at -25.6%.
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.