Is EMERA INC (EMA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 125.1% / 30% | 1.2% / 30% | 7.5% / 30% | 0.42% / 5% | ✗ NOT HALAL |
| DJIM | 125.1% / 33% | 1.2% / 33% | 7.5% / 33% | 0.42% / 5% | ✗ NOT HALAL |
| MSCI | 46.1% / 33% | 0.5% / 33% | 2.8% / 33% | 0.42% / 5% | ✗ NOT HALAL |
| S&P | 125.1% / 33% | 1.2% / 33% | 7.5% / 33% | 0.42% / 5% | ✗ NOT HALAL |
| FTSE | 46.1% / 33% | 0.5% / 33% | 2.8% / 50% | 0.42% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 43.8% | |
| Operating Margin | 13.9% | |
| Net Margin | 12.4% | |
| Return on Equity (ROE) | 8.2% | |
| Return on Assets (ROA) | 3.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.6B |
| Free Cash Flow | -$505M |
| Total Debt | $19.8B |
| Debt-to-Equity | 161.1 |
| Current Ratio | 0.7 |
| Total Assets | $43.0B |
Price & Trading
| Last Close | $51.57 |
| 50-Day MA | $50.99 |
| 200-Day MA | $48.29 |
| Avg Volume | 326K |
| Beta | 0.5 |
|
52-Week Range
$39.19
| |
About EMERA INC (EMA)
Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments. It is involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities. The company was incorporated in 1998 and is headquartered in Halifax, Canada.
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Frequently Asked Questions
Is EMERA INC (EMA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), EMERA 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 EMERA INC's debt ratio?
EMERA INC's debt ratio is 125.1% 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 46.1%.
What are EMERA INC's key financial metrics?
EMERA INC has a market capitalization of $15.5B, trailing P/E ratio of 21.0, and revenue of $8.8B. The company maintains a gross margin of 43.8% and a net margin of 12.4%. Return on equity stands at 8.2%.
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.