Is Core Laboratories Inc. /DE/ (CLB) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 24.1% / 30% | 2.6% / 30% | 17.1% / 30% | 1.68% / 5% | ✓ HALAL |
| DJIM | 24.1% / 33% | 2.6% / 33% | 17.1% / 33% | 1.68% / 5% | ✓ HALAL |
| MSCI | 30.5% / 33% | 3.2% / 33% | 21.6% / 33% | 1.68% / 5% | ✓ HALAL |
| S&P | 24.1% / 33% | 2.6% / 33% | 17.1% / 33% | 1.68% / 5% | ✓ HALAL |
| FTSE | 30.5% / 33% | 3.2% / 33% | 21.6% / 50% | 1.68% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 20.7% | |
| Operating Margin | 10.9% | |
| Net Margin | 5.6% | |
| Return on Equity (ROE) | 11.6% | |
| Return on Assets (ROA) | 5.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $56M |
| Free Cash Flow | $43M |
| Total Debt | $180M |
| Debt-to-Equity | 60.3 |
| Current Ratio | 2.0 |
| Total Assets | $590M |
Price & Trading
| Last Close | $16.42 |
| 50-Day MA | $17.83 |
| 200-Day MA | $14.58 |
| Avg Volume | 377K |
| Beta | 1.2 |
|
52-Week Range
$9.72
| |
About Core Laboratories Inc. /DE/ (CLB)
Core Laboratories Inc. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally. It operates through Reservoir Description and Production Enhancement segments. The Reservoir Description segment includes the characterization of petroleum reservoir rock and reservoir fluid samples to enhance production and improve recovery of crude oil and natural gas from its clients' reservoirs. It offers laboratory-based analytical and field services to characterize properties of crude oil and oil delivered products; and proprietary and joint industry studies, as well as services that support carbon capture, utilization and storage, geothermal projects, and the evaluation and appraisal of mining activities. The Production Enhancement segment provides services and products relating to reservoir well completions, perforations, stimulations, production, and well abandonment. It offers integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions to improve the effectiveness of enhanced oil recovery projects. The company markets and sells its products through a combination of sales representatives, technical seminars, trade shows, and print advertising, as well as through distributors. Core Laboratories Inc. was founded in 1936 and is based in Houston, Texas.
Purification Calculator
As a halal stock with 1.68% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Core Laboratories Inc. /DE/ (CLB) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Core Laboratories Inc. /DE/ is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Core Laboratories Inc. /DE/'s debt ratio?
Core Laboratories Inc. /DE/'s debt ratio is 24.1% 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 30.5%.
Does Core Laboratories Inc. /DE/ require dividend purification?
Yes, Core Laboratories Inc. /DE/ has an impermissible income ratio of 1.68%, which means 1.68% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Core Laboratories Inc. /DE/'s key financial metrics?
Core Laboratories Inc. /DE/ has a market capitalization of $811M, trailing P/E ratio of 28.0, and revenue of $524M. The company maintains a gross margin of 20.7% and a net margin of 5.6%. Return on equity stands at 11.6%.
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.