Is Ero Copper Corp. (ERO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 21.4% / 30% | 1.7% / 30% | 1.4% / 30% | 0.91% / 5% | ✓ HALAL |
| DJIM | 21.4% / 33% | 1.7% / 33% | 1.4% / 33% | 0.91% / 5% | ✓ HALAL |
| MSCI | 42.5% / 33% | 3.5% / 33% | 2.8% / 33% | 0.91% / 5% | ✗ NOT HALAL |
| S&P | 21.4% / 33% | 1.7% / 33% | 1.4% / 33% | 0.91% / 5% | ✓ HALAL |
| FTSE | 42.5% / 33% | 3.5% / 33% | 2.8% / 50% | 0.91% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 43.9% | |
| Operating Margin | 43.6% | |
| Net Margin | 33.6% | |
| Return on Equity (ROE) | 34.9% | |
| Return on Assets (ROA) | 9.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $395M |
| Free Cash Flow | $113M |
| Total Debt | $632M |
| Debt-to-Equity | 67.4 |
| Current Ratio | 1.1 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $24.56 |
| 50-Day MA | $30.28 |
| 200-Day MA | $22.27 |
| Avg Volume | 1.8M |
| Beta | 1.5 |
|
52-Week Range
$9.30
| |
About Ero Copper Corp. (ERO)
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. Its flagship asset includes Caraíba operations that comprise the production and sale of copper concentrates located in Bahia State, Brazil, as well as gold and silver produced and sold as by-products. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.
Purification Calculator
As a halal stock with 0.91% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Ero Copper Corp. (ERO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ero Copper Corp. 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 Ero Copper Corp.'s debt ratio?
Ero Copper Corp.'s debt ratio is 21.4% 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 42.5%.
Does Ero Copper Corp. require dividend purification?
Yes, Ero Copper Corp. has an impermissible income ratio of 0.91%, which means 0.91% 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 Ero Copper Corp.'s key financial metrics?
Ero Copper Corp. has a market capitalization of $2.6B, trailing P/E ratio of 9.9, and revenue of $786M. The company maintains a gross margin of 43.9% and a net margin of 33.6%. Return on equity stands at 34.9%.
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.