Is Covista Inc. (CVSA) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 20.9% / 30% | 5.4% / 30% | 3.9% / 30% | 0.46% / 5% | ✓ HALAL |
| DJIM | 20.9% / 33% | 5.4% / 33% | 3.9% / 33% | 0.46% / 5% | ✓ HALAL |
| MSCI | 28.1% / 33% | 7.3% / 33% | 5.3% / 33% | 0.46% / 5% | ✓ HALAL |
| S&P | 20.9% / 33% | 5.4% / 33% | 3.9% / 33% | 0.46% / 5% | ✓ HALAL |
| FTSE | 28.1% / 33% | 7.3% / 33% | 5.3% / 50% | 0.46% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 57.4% | |
| Operating Margin | 22.9% | |
| Net Margin | 13.4% | |
| Return on Equity (ROE) | 18.0% | |
| Return on Assets (ROA) | 8.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $338M |
| Free Cash Flow | $288M |
| Total Debt | $774M |
| Debt-to-Equity | 52.9 |
| Current Ratio | 0.7 |
| Total Assets | $2.8B |
Price & Trading
| Last Close | $116.39 |
| 50-Day MA | $105.55 |
| 200-Day MA | $117.12 |
| Avg Volume | 438K |
| Beta | 0.7 |
|
52-Week Range
$86.97
| |
About Covista Inc. (CVSA)
Covista Inc., together with its subsidiaries, provides healthcare education in the United States, Barbados, St. Kitts, and St. Maarten. It operates in three segments: Chamberlain, Walden, and Medical and Veterinary. The company offers degree and non-degree programs, including bachelor's, master's, and doctoral degrees; and online certificate programs for nursing, health professions, medical, and veterinary postsecondary education, counseling, business, information technology, psychology, public health, social work and human services, public administration and public policy, and criminal justice. It also operates Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine. The company was formerly known as Adtalem Global Education Inc. and changed its name to Covista Inc. in February 2026. Covista Inc. was incorporated in 1987 and is headquartered in Chicago, Illinois.
Purification Calculator
As a halal stock with 0.46% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Covista Inc. (CVSA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Covista 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 Covista Inc.'s debt ratio?
Covista Inc.'s debt ratio is 20.9% 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 28.1%.
Does Covista Inc. require dividend purification?
Yes, Covista Inc. has an impermissible income ratio of 0.46%, which means 0.46% 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 Covista Inc.'s key financial metrics?
Covista Inc. has a market capitalization of $4.2B, trailing P/E ratio of 16.9, and revenue of $1.8B. The company maintains a gross margin of 57.4% and a net margin of 13.4%. Return on equity stands at 18.0%.
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.