Is Granite Ridge Resources, Inc. (GRNT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 31.1% / 30% | 6.3% / 30% | 10.6% / 30% | 13.73% / 5% | ✗ NOT HALAL |
| DJIM | 31.1% / 33% | 6.3% / 33% | 10.6% / 33% | 13.73% / 5% | ✗ NOT HALAL |
| MSCI | 19.8% / 33% | 4.0% / 33% | 6.7% / 33% | 13.73% / 5% | ✗ NOT HALAL |
| S&P | 31.1% / 33% | 6.3% / 33% | 10.6% / 33% | 13.73% / 5% | ✗ NOT HALAL |
| FTSE | 19.8% / 33% | 4.0% / 33% | 6.7% / 50% | 13.73% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 79.0% | |
| Operating Margin | 20.9% | |
| Net Margin | 5.7% | |
| Return on Equity (ROE) | 3.9% | |
| Return on Assets (ROA) | 6.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $296M |
| Free Cash Flow | -$123M |
| Total Debt | $385M |
| Debt-to-Equity | 63.6 |
| Current Ratio | 1.2 |
| Total Assets | $1.2B |
Price & Trading
| Last Close | $5.90 |
| 50-Day MA | $5.09 |
| 200-Day MA | $5.27 |
| Avg Volume | 759K |
| Beta | 0.3 |
|
52-Week Range
$4.18
| |
About Granite Ridge Resources, Inc. (GRNT)
Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across the Permian, Eagle Ford, Bakken, Haynesville, Denver-Julesburg (DJ), Appalachian basins, and other unconventional basins in the United States. The company is based in Dallas, Texas.
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Frequently Asked Questions
Is Granite Ridge Resources, Inc. (GRNT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Granite Ridge Resources, 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 Granite Ridge Resources, Inc.'s debt ratio?
Granite Ridge Resources, Inc.'s debt ratio is 31.1% 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 19.8%.
What are Granite Ridge Resources, Inc.'s key financial metrics?
Granite Ridge Resources, Inc. has a market capitalization of $768M, trailing P/E ratio of 32.4, and revenue of $450M. The company maintains a gross margin of 79.0% and a net margin of 5.7%. Return on equity stands at 3.9%.
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.