Is CLEARONE INC (CLRO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.6% / 30% | 13.9% / 30% | 21.8% / 30% | 1.36% / 5% | ✓ HALAL |
| DJIM | 7.6% / 33% | 13.9% / 33% | 21.8% / 33% | 1.36% / 5% | ✓ HALAL |
| MSCI | 2.9% / 33% | 5.3% / 33% | 8.4% / 33% | 1.36% / 5% | ✓ HALAL |
| S&P | 7.6% / 33% | 13.9% / 33% | 21.8% / 33% | 1.36% / 5% | ✓ HALAL |
| FTSE | 2.9% / 33% | 5.3% / 33% | 8.4% / 50% | 1.36% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.6% | |
| Operating Margin | -78.1% | |
| Net Margin | -205.0% | |
| Return on Equity (ROE) | -75.5% | |
| Return on Assets (ROA) | -29.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6M |
| Free Cash Flow | -$6M |
| Total Debt | $771,000 |
| Debt-to-Equity | 16.4 |
| Current Ratio | 2.3 |
| Total Assets | $27M |
Price & Trading
| Last Close | $3.90 |
| 50-Day MA | $5.47 |
| 200-Day MA | $5.58 |
| Avg Volume | 10K |
| Beta | 0.0 |
|
52-Week Range
$3.68
| |
About CLEARONE INC (CLRO)
ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and web conferencing systems; and USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices. It provides professional microphones consisting of beamforming microphones, ceiling microphones, and wireless microphones. In addition, the company offers video products, such as video conferencing and collaboration solutions using cloud-based service; professional-grade cameras; and AV networking, which deliver the IP A/V experience by streaming audio and video, and control over IP networks. It sells its commercial products to distributors and resellers through a network of independent professional audiovisual, information technology, and telecommunications distributors, as well as systems integrators, dealers, value-added resellers, and end-users. ClearOne, Inc. was incorporated in 1983 and is headquartered in Salt Lake City, Utah.
Purification Calculator
As a halal stock with 1.36% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is CLEARONE INC (CLRO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CLEARONE INC 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 CLEARONE INC's debt ratio?
CLEARONE INC's debt ratio is 7.6% 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 2.9%.
Does CLEARONE INC require dividend purification?
Yes, CLEARONE INC has an impermissible income ratio of 1.36%, which means 1.36% 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 CLEARONE INC's key financial metrics?
CLEARONE INC has a market capitalization of $9M, and revenue of $11M. The company maintains a gross margin of 32.6% and a net margin of -205.0%. Return on equity stands at -75.5%.
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.