Is Envoy Medical, Inc. (COCH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 39.3% / 30% | 11.0% / 30% | 1.6% / 30% | 321.33% / 5% | ✗ NOT HALAL |
| DJIM | 39.3% / 33% | 11.0% / 33% | 1.6% / 33% | 321.33% / 5% | ✗ NOT HALAL |
| MSCI | 170.4% / 33% | 47.5% / 33% | 7.1% / 33% | 321.33% / 5% | ✗ NOT HALAL |
| S&P | 39.3% / 33% | 11.0% / 33% | 1.6% / 33% | 321.33% / 5% | ✗ NOT HALAL |
| FTSE | 170.4% / 33% | 47.5% / 33% | 7.1% / 50% | 321.33% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -183.8% | |
| Operating Margin | -8260.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -137.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$19M |
| Total Debt | $20M |
| Current Ratio | 0.5 |
| Total Assets | $12M |
Price & Trading
| Last Close | $0.69 |
| 50-Day MA | $0.68 |
| 200-Day MA | $0.98 |
| Avg Volume | 781K |
| Beta | 2.1 |
|
52-Week Range
$0.36
| |
About Envoy Medical, Inc. (COCH)
Envoy Medical, Inc., a hearing health company, focuses on providing medical technologies across the hearing loss spectrum. The company's medical technologies are designed to shift the paradigm within the hearing industry and bring providers and patients the hearing devices desire. It offers personal sound amplification devices; hearing aids; Esteem fully implanted active middle ear implants; auditory osseointegrated implants; and Acclaim cochlear implants. The company was formerly known as Envoy Medical Corporation and changed its name to Envoy Medical, Inc. in September 2023. Envoy Medical, Inc. was founded in 1995 and is headquartered in White Bear Lake, Minnesota.
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Frequently Asked Questions
Is Envoy Medical, Inc. (COCH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Envoy Medical, 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 Envoy Medical, Inc.'s debt ratio?
Envoy Medical, Inc.'s debt ratio is 39.3% 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 170.4%.
What are Envoy Medical, Inc.'s key financial metrics?
Envoy Medical, Inc. has a market capitalization of $50M, and revenue of $225,000.
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.