Is EuroDry Ltd. (EDRY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 183.6% / 30% | 11.5% / 30% | 16.3% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 183.6% / 33% | 11.5% / 33% | 16.3% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 48.8% / 33% | 3.1% / 33% | 4.3% / 33% | N/A | ✗ NOT HALAL |
| S&P | 183.6% / 33% | 11.5% / 33% | 16.3% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 48.8% / 33% | 3.1% / 33% | 4.3% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 36.0% | |
| Operating Margin | 26.7% | |
| Net Margin | -8.2% | |
| Return on Equity (ROE) | -3.6% | |
| Return on Assets (ROA) | 0.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | -$4M |
| Total Debt | $107M |
| Debt-to-Equity | 100.4 |
| Current Ratio | 1.5 |
| Total Assets | $220M |
Price & Trading
| Last Close | $18.70 |
| 50-Day MA | $17.11 |
| 200-Day MA | $13.06 |
| Avg Volume | 17K |
| Beta | 0.8 |
|
52-Week Range
$7.60
| |
About EuroDry Ltd. (EDRY)
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of April 30, 2025, it operated through a fleet of 12 drybulk carriers comprising four Panamax, two Kamsarmax, five Ultramax, and one Supramax drybulk carriers with a total cargo carrying capacity of 843,402 deadweight tons. The company was incorporated in 2018 and is based in Marousi, Greece.
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Frequently Asked Questions
Is EuroDry Ltd. (EDRY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), EuroDry Ltd. 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 EuroDry Ltd.'s debt ratio?
EuroDry Ltd.'s debt ratio is 183.6% 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 48.8%.
What are EuroDry Ltd.'s key financial metrics?
EuroDry Ltd. has a market capitalization of $57M. The company maintains a gross margin of 36.0% and a net margin of -8.2%. Return on equity stands at -3.6%.
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.