Is ECOPETROL S.A. (EC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 432810.6% / 30% | 46902.8% / 30% | 115022.4% / 30% | 1.22% / 5% | ✗ NOT HALAL |
| DJIM | 432810.6% / 33% | 46902.8% / 33% | 115022.4% / 33% | 1.22% / 5% | ✗ NOT HALAL |
| MSCI | 40.2% / 33% | 4.4% / 33% | 10.7% / 33% | 1.22% / 5% | ✗ NOT HALAL |
| S&P | 432810.6% / 33% | 46902.8% / 33% | 115022.4% / 33% | 1.22% / 5% | ✗ NOT HALAL |
| FTSE | 40.2% / 33% | 4.4% / 33% | 10.7% / 50% | 1.22% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.8% | |
| Operating Margin | 0.0% | |
| Net Margin | 7.5% | |
| Return on Equity (ROE) | 11.8% | |
| Return on Assets (ROA) | 5.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $45.1T |
| Free Cash Flow | $24.2T |
| Total Debt | $120.0T |
| Debt-to-Equity | 100.0 |
| Current Ratio | 1.5 |
| Total Assets | $298.2T |
Price & Trading
| Last Close | $14.80 |
| 50-Day MA | $12.89 |
| 200-Day MA | $10.25 |
| Avg Volume | 3.3M |
| Beta | 0.3 |
|
52-Week Range
$7.80
| |
About ECOPETROL S.A. (EC)
Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Electric Power Transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in the transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels. The Refining and Petrochemicals segment refines and processes crude oil at the Barrancabermeja and Cartagena refineries; and distributes natural gas and LPG. The Electric Power Transmission and Toll Roads Concessions segment supplies electric power transmission and information technology and telecommunications services, as well as designs, develops, constructs, operates, and maintains road and energy infrastructure projects. The company operates in Colombia, rest of South America and others, Asia, the United States, Central America and the Caribbean, and Europe. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.
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Frequently Asked Questions
Is ECOPETROL S.A. (EC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ECOPETROL S.A. 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 ECOPETROL S.A.'s debt ratio?
ECOPETROL S.A.'s debt ratio is 432810.6% 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 40.2%.
What are ECOPETROL S.A.'s key financial metrics?
ECOPETROL S.A. has a market capitalization of $32.2B, trailing P/E ratio of 12.8, and revenue of $133.3T. The company maintains a gross margin of 32.8% and a net margin of 7.5%. Return on equity stands at 11.8%.
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.