Is Okeanis Eco Tankers Corp. (ECO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 34.7% / 30% | 2.6% / 30% | 2.1% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 34.7% / 33% | 2.6% / 33% | 2.1% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 59.7% / 33% | 4.6% / 33% | 3.7% / 33% | N/A | ✗ NOT HALAL |
| S&P | 34.7% / 33% | 2.6% / 33% | 2.1% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 59.7% / 33% | 4.6% / 33% | 3.7% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 57.3% | |
| Operating Margin | 54.1% | |
| Net Margin | 31.4% | |
| Return on Equity (ROE) | 25.0% | |
| Return on Assets (ROA) | 8.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $163M |
| Free Cash Flow | $163M |
| Total Debt | $646M |
| Debt-to-Equity | 105.6 |
| Current Ratio | 1.5 |
| Total Assets | $1.1B |
Price & Trading
| Last Close | $49.01 |
| 50-Day MA | $45.02 |
| 200-Day MA | $33.59 |
| Avg Volume | 480K |
| Beta | 0.0 |
|
52-Week Range
$17.91
| |
About Okeanis Eco Tankers Corp. (ECO)
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 16 tanker vessels comprising eight modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
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Frequently Asked Questions
Is Okeanis Eco Tankers Corp. (ECO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Okeanis Eco Tankers Corp. 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 Okeanis Eco Tankers Corp.'s debt ratio?
Okeanis Eco Tankers Corp.'s debt ratio is 34.7% 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 59.7%.
What are Okeanis Eco Tankers Corp.'s key financial metrics?
Okeanis Eco Tankers Corp. has a market capitalization of $2.0B, trailing P/E ratio of 13.2. The company maintains a gross margin of 57.3% and a net margin of 31.4%. Return on equity stands at 25.0%.
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.