Is EZGO Technologies Ltd. (EZGO) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 37.0% / 30% | 1.7% / 30% | 88.1% / 30% | 0.54% / 5% | ✗ NOT HALAL |
| DJIM | 37.0% / 33% | 1.7% / 33% | 88.1% / 33% | 0.54% / 5% | ✗ NOT HALAL |
| MSCI | 16.5% / 33% | 0.7% / 33% | 39.4% / 33% | 0.54% / 5% | ✗ NOT HALAL |
| S&P | 37.0% / 33% | 1.7% / 33% | 88.1% / 33% | 0.54% / 5% | ✗ NOT HALAL |
| FTSE | 16.5% / 33% | 0.7% / 33% | 39.4% / 50% | 0.54% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 6.5% | |
| Operating Margin | -6.6% | |
| Net Margin | -42.4% | |
| Return on Equity (ROE) | -16.9% | |
| Return on Assets (ROA) | -1.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$4M |
| Total Debt | $11M |
| Debt-to-Equity | 22.4 |
| Current Ratio | 3.2 |
| Total Assets | $69M |
Price & Trading
| Last Close | $1.23 |
| 50-Day MA | $1.58 |
| 200-Day MA | $4.34 |
| Avg Volume | 44K |
| Beta | 1.9 |
|
52-Week Range
$1.16
| |
About EZGO Technologies Ltd. (EZGO)
EZGO Technologies Ltd., together with its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Sales of Battery Cells and Packs; Sales of Electronic Control System; and Others. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and distributes and trades battery cells and packs. It designs and sells intelligent robots; electric vehicle accessories, such as batteries, charging piles and electronic control system; and electronic control systems under the Hengdian brand name; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, such as raincoats, helmets, and mobile phone brackets. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services; manufacturing of industrial automatic control devices and systems; and equipment maintenance and repairment activities. Further, it offers its e-bicycles and e-tricycles under the Cenbird and EZGO brands. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. The company was founded in 2014 and is headquartered in Changzhou, China.
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Frequently Asked Questions
Is EZGO Technologies Ltd. (EZGO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), EZGO Technologies 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 EZGO Technologies Ltd.'s debt ratio?
EZGO Technologies Ltd.'s debt ratio is 37.0% 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 16.5%.
What are EZGO Technologies Ltd.'s key financial metrics?
EZGO Technologies Ltd. has a market capitalization of $26M, and revenue of $20M. The company maintains a gross margin of 6.5% and a net margin of -42.4%. Return on equity stands at -16.9%.
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.