Is ECARX Holdings Inc. (ECX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 46.2% / 30% | 9.8% / 30% | 40.0% / 30% | 0.4% / 5% | ✗ NOT HALAL |
| DJIM | 46.2% / 33% | 9.8% / 33% | 40.0% / 33% | 0.4% / 5% | ✗ NOT HALAL |
| MSCI | 56.6% / 33% | 12.1% / 33% | 49.0% / 33% | 0.4% / 5% | ✗ NOT HALAL |
| S&P | 46.2% / 33% | 9.8% / 33% | 40.0% / 33% | 0.4% / 5% | ✗ NOT HALAL |
| FTSE | 56.6% / 33% | 12.1% / 33% | 49.0% / 50% | 0.4% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.0% | |
| Operating Margin | 2.3% | |
| Net Margin | -7.8% | |
| Return on Assets (ROA) | -5.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$59M |
| Free Cash Flow | -$75M |
| Total Debt | $292M |
| Current Ratio | 0.6 |
| Total Assets | $517M |
Price & Trading
| Last Close | $0.92 |
| 50-Day MA | $1.58 |
| 200-Day MA | $1.81 |
| Avg Volume | 5.0M |
| Beta | 0.8 |
|
52-Week Range
$0.76
| |
About ECARX Holdings Inc. (ECX)
ECARX Holdings Inc. develops full-stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology of smart mobility in China and internationally. The company offers system on a chip, central computing platforms, operating systems, and software. Its core products include infotainment head units, autonomous driving control units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack. It has entered into a strategic partnership agreement with Black Sesame Technologies. ECARX Holdings Inc. was founded in 2017 and is based in Shanghai, the People's Republic of China.
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Frequently Asked Questions
Is ECARX Holdings Inc. (ECX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ECARX Holdings 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 ECARX Holdings Inc.'s debt ratio?
ECARX Holdings Inc.'s debt ratio is 46.2% 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 56.6%.
What are ECARX Holdings Inc.'s key financial metrics?
ECARX Holdings Inc. has a market capitalization of $344M, and revenue of $762M. The company maintains a gross margin of 19.0% and a net margin of -7.8%.
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.