Is Elevra Lithium Ltd (ELVR) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.2% / 30% | 7.6% / 30% | 3.7% / 30% | 1.92% / 5% | ✓ HALAL |
| DJIM | 8.2% / 33% | 7.6% / 33% | 3.7% / 33% | 1.92% / 5% | ✓ HALAL |
| MSCI | 11.9% / 33% | 11.1% / 33% | 5.3% / 33% | 1.92% / 5% | ✓ HALAL |
| S&P | 8.2% / 33% | 7.6% / 33% | 3.7% / 33% | 1.92% / 5% | ✓ HALAL |
| FTSE | 11.9% / 33% | 11.1% / 33% | 5.3% / 50% | 1.92% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 110.9% | |
| Operating Margin | -5.8% | |
| Net Margin | -57.7% | |
| Return on Equity (ROE) | -26.3% | |
| Return on Assets (ROA) | -8.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$15M |
| Free Cash Flow | -$34M |
| Total Debt | $78M |
| Debt-to-Equity | 14.2 |
| Current Ratio | 1.7 |
| Total Assets | $653M |
Price & Trading
| Last Close | $51.68 |
| 50-Day MA | $53.56 |
| 200-Day MA | $40.60 |
| Avg Volume | 80K |
| Beta | 0.5 |
|
52-Week Range
$15.54
| |
About Elevra Lithium Ltd (ELVR)
Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025. Elevra Lithium Limited was incorporated in 2000 and is headquartered in Brisbane, Australia.
Purification Calculator
As a halal stock with 1.92% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Elevra Lithium Ltd (ELVR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Elevra Lithium Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Elevra Lithium Ltd's debt ratio?
Elevra Lithium Ltd's debt ratio is 8.2% 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 11.9%.
Does Elevra Lithium Ltd require dividend purification?
Yes, Elevra Lithium Ltd has an impermissible income ratio of 1.92%, which means 1.92% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Elevra Lithium Ltd's key financial metrics?
Elevra Lithium Ltd has a market capitalization of $1.0B, and revenue of $223M. The company maintains a gross margin of 110.9% and a net margin of -57.7%. Return on equity stands at -26.3%.
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.