Is Foxx Development Holdings Inc. (FOXX) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 23.3% / 30% | 2.0% / 30% | 6.7% / 30% | N/A | ✓ HALAL |
| DJIM | 23.3% / 33% | 2.0% / 33% | 6.7% / 33% | N/A | ✓ HALAL |
| MSCI | 126.7% / 33% | 10.9% / 33% | 36.2% / 33% | N/A | ✗ NOT HALAL |
| S&P | 23.3% / 33% | 2.0% / 33% | 6.7% / 33% | N/A | ✓ HALAL |
| FTSE | 126.7% / 33% | 10.9% / 33% | 36.2% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 11.5% | |
| Operating Margin | -13.3% | |
| Net Margin | -24.6% | |
| Return on Assets (ROA) | -14.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$5M |
| Total Debt | $7M |
| Current Ratio | 0.6 |
| Total Assets | $5M |
Price & Trading
| Last Close | $4.24 |
| 50-Day MA | $4.53 |
| 200-Day MA | $4.88 |
| Avg Volume | 17K |
| Beta | -0.3 |
|
52-Week Range
$1.71
| |
About Foxx Development Holdings Inc. (FOXX)
Foxx Development Holdings Inc. engages in the sales of electronic products in the United States. The company offers smartphones, tablets, wearables, and other communication terminals under the Foxx brand. It also provides after-sales support services; and water leak detectors. The company serves third-party distributors, as well as sells through e-commerce platform. Foxx Development Holdings Inc. was founded in 2017 and is headquartered in Irvine, California.
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Frequently Asked Questions
Is Foxx Development Holdings Inc. (FOXX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Foxx Development Holdings 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 Foxx Development Holdings Inc.'s debt ratio?
Foxx Development Holdings Inc.'s debt ratio is 23.3% 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 126.7%.
What are Foxx Development Holdings Inc.'s key financial metrics?
Foxx Development Holdings Inc. has a market capitalization of $30M. The company maintains a gross margin of 11.5% and a net margin of -24.6%.
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.