Is Elauwit Connection, Inc. (ELWT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.3% / 30% | 0.6% / 30% | 9.5% / 30% | 0.0% / 5% | ✓ HALAL |
| DJIM | 7.3% / 33% | 0.6% / 33% | 9.5% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 45.0% / 33% | 3.7% / 33% | 58.5% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 7.3% / 33% | 0.6% / 33% | 9.5% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 45.0% / 33% | 3.7% / 33% | 58.5% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.4% | |
| Operating Margin | 2.2% | |
| Net Margin | -8.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $3M |
| Current Ratio | 0.7 |
| Total Assets | $8M |
Price & Trading
| Last Close | $6.87 |
| 50-Day MA | $6.24 |
| 200-Day MA | $6.18 |
| Avg Volume | 60K |
|
52-Week Range
$4.11
| |
About Elauwit Connection, Inc. (ELWT)
Elauwit Connection, Inc. provides broadband internet network for the multifamily and student housing property sectors in the United States. The company designs, installs, operates, and maintains fiber optics and WiFi networks throughout each contracted property, as well as offers bandwidth, 24/7 network monitoring, network maintenance, and resident support services. It provides its services to wholesale, REITs, property ownership groups, and property management companies. The company was founded in 2019 and is headquartered in Cheyenne, Wyoming.
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Frequently Asked Questions
Is Elauwit Connection, Inc. (ELWT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Elauwit Connection, Inc. 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 Elauwit Connection, Inc.'s debt ratio?
Elauwit Connection, Inc.'s debt ratio is 7.3% 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 45.0%.
What are Elauwit Connection, Inc.'s key financial metrics?
Elauwit Connection, Inc. has a market capitalization of $44M, and revenue of $8M. The company maintains a gross margin of 25.4% and a net margin of -8.1%.
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.