Is Elong Power Holding Ltd. (ELPW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6763.4% / 30% | 1635.0% / 30% | 279.5% / 30% | 9.97% / 5% | ✗ NOT HALAL |
| DJIM | 6763.4% / 33% | 1635.0% / 33% | 279.5% / 33% | 9.97% / 5% | ✗ NOT HALAL |
| MSCI | 111.4% / 33% | 26.9% / 33% | 4.6% / 33% | 9.97% / 5% | ✗ NOT HALAL |
| S&P | 6763.4% / 33% | 1635.0% / 33% | 279.5% / 33% | 9.97% / 5% | ✗ NOT HALAL |
| FTSE | 111.4% / 33% | 26.9% / 33% | 4.6% / 50% | 9.97% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | -1138.8% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -35.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$3M |
| Total Debt | $30M |
| Current Ratio | 0.5 |
| Total Assets | $27M |
Price & Trading
| Last Close | $2.25 |
| 50-Day MA | $63.66 |
| 200-Day MA | $910.37 |
| Avg Volume | 775K |
| Beta | -2.1 |
|
52-Week Range
$2.05
| |
About Elong Power Holding Ltd. (ELPW)
Elong Power Holding Limited, through its subsidiaries, is engaged in the research and development, production, and market application of high-power lithium-ion battery packs, cells, and parts for electric vehicles and construction machinery. It also offers lithium-ion batteries for energy storage systems. In addition, the company provides battery cells, modules, system integration, and battery management systems. Further, it is involved in research, development, manufacture, and sale of backup power supplies, energy storage systems, accessories, and battery spare parts. The company also provides a product portfolio including lithium manganese oxide and lithium iron phosphate batteries, designed to meet the demands of high-power and energy storage applications across various scenarios. The company was founded in 2014 and is based in Beijing, China.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is Elong Power Holding Ltd. (ELPW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Elong Power Holding 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 Elong Power Holding Ltd.'s debt ratio?
Elong Power Holding Ltd.'s debt ratio is 6763.4% 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 111.4%.
What are Elong Power Holding Ltd.'s key financial metrics?
Elong Power Holding Ltd. has a market capitalization of $3M, and revenue of $386,940.
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.