Is Castor Maritime Inc. (CTRM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 526.1% / 30% | 742.0% / 30% | 99.1% / 30% | 10.39% / 5% | ✗ NOT HALAL |
| DJIM | 526.1% / 33% | 742.0% / 33% | 99.1% / 33% | 10.39% / 5% | ✗ NOT HALAL |
| MSCI | 14.0% / 33% | 19.7% / 33% | 2.6% / 33% | 10.39% / 5% | ✗ NOT HALAL |
| S&P | 526.1% / 33% | 742.0% / 33% | 99.1% / 33% | 10.39% / 5% | ✗ NOT HALAL |
| FTSE | 14.0% / 33% | 19.7% / 33% | 2.6% / 50% | 10.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.0% | |
| Operating Margin | 6.2% | |
| Net Margin | -37.4% | |
| Return on Equity (ROE) | -4.5% | |
| Return on Assets (ROA) | -0.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $42M |
| Free Cash Flow | -$30M |
| Total Debt | $111M |
| Debt-to-Equity | 2.7 |
| Current Ratio | 5.6 |
| Total Assets | $797M |
Price & Trading
| Last Close | $1.78 |
| 50-Day MA | $2.15 |
| 200-Day MA | $2.15 |
| Avg Volume | 67K |
| Beta | 1.1 |
|
52-Week Range
$1.70
| |
About Castor Maritime Inc. (CTRM)
Castor Maritime Inc. operates as a shipping and energy company worldwide. It operates through Dry Bulk, Containership, and Asset Management segments. The company offers seaborne transportation services for dry bulk and containership cargoes; and transportation of commodities, such as iron ore, coal, soybeans, etc. It also provides technical and commercial ship management and energy infrastructure project services. As of December 31, 2024, the company owned and operated a fleet of 13 vessels primarily consisting of four Kamsarmax, five Panamax, and one Ultramax dry bulk vessels, as well as two 2,700 TEU and one 1,850 TEU containerships. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is Castor Maritime Inc. (CTRM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Castor Maritime 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 Castor Maritime Inc.'s debt ratio?
Castor Maritime Inc.'s debt ratio is 526.1% 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 14.0%.
What are Castor Maritime Inc.'s key financial metrics?
Castor Maritime Inc. has a market capitalization of $17M, and revenue of $66M. The company maintains a gross margin of 45.0% and a net margin of -37.4%. Return on equity stands at -4.5%.
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.