Is ClearSign Technologies Corp (CLIR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.7% / 30% | 48.9% / 30% | 1.3% / 30% | 14.35% / 5% | ✗ NOT HALAL |
| DJIM | 0.7% / 33% | 48.9% / 33% | 1.3% / 33% | 14.35% / 5% | ✗ NOT HALAL |
| MSCI | 1.2% / 33% | 88.2% / 33% | 2.3% / 33% | 14.35% / 5% | ✗ NOT HALAL |
| S&P | 0.7% / 33% | 48.9% / 33% | 1.3% / 33% | 14.35% / 5% | ✗ NOT HALAL |
| FTSE | 1.2% / 33% | 88.2% / 33% | 2.3% / 50% | 14.35% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.8% | |
| Operating Margin | -170.1% | |
| Net Margin | -294.9% | |
| Return on Equity (ROE) | -53.1% | |
| Return on Assets (ROA) | -31.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$5M |
| Total Debt | $188,000 |
| Debt-to-Equity | 2.0 |
| Current Ratio | 3.3 |
| Total Assets | $16M |
Price & Trading
| Last Close | $3.72 |
| 50-Day MA | $5.56 |
| 200-Day MA | $6.52 |
| Avg Volume | 17K |
| Beta | 1.2 |
|
52-Week Range
$3.24
| |
About ClearSign Technologies Corp (CLIR)
ClearSign Technologies Corporation designs and develops products and technologies for the purpose of decarbonization and improving key performance characteristics of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong. The company's technologies include ClearSign core burner technology consists of an industrial burner body and a downstream porous ceramic or metal flame stabilizing structure; ClearSign core process burner technology that provides a direct burner replacement for traditional refinery process heaters; ClearSign core boiler burner technology; ClearSign core flaring burners that can be used individually, or in combination, to provide a flare product with extremely low nitrogen oxide emissions; and ClearSign eye flame sensor, an electrical flame sensor for industrial applications. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. ClearSign Technologies Corporation was formerly known as ClearSign Combustion Corporation and changed its name to ClearSign Technologies Corporation in November 2019. The company was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.
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Frequently Asked Questions
Is ClearSign Technologies Corp (CLIR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ClearSign Technologies Corp 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 ClearSign Technologies Corp's debt ratio?
ClearSign Technologies Corp's debt ratio is 0.7% 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 1.2%.
What are ClearSign Technologies Corp's key financial metrics?
ClearSign Technologies Corp has a market capitalization of $202M, and revenue of $4M. The company maintains a gross margin of 32.8% and a net margin of -294.9%. Return on equity stands at -53.1%.
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.