Is Gold Royalty Corp. (GROY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.1% / 30% | 0.3% / 30% | 0.3% / 30% | 26.41% / 5% | ✗ NOT HALAL |
| DJIM | 5.1% / 33% | 0.3% / 33% | 0.3% / 33% | 26.41% / 5% | ✗ NOT HALAL |
| MSCI | 6.8% / 33% | 0.3% / 33% | 0.5% / 33% | 26.41% / 5% | ✗ NOT HALAL |
| S&P | 5.1% / 33% | 0.3% / 33% | 0.3% / 33% | 26.41% / 5% | ✗ NOT HALAL |
| FTSE | 6.8% / 33% | 0.3% / 33% | 0.5% / 50% | 26.41% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 93.0% | |
| Operating Margin | 2.3% | |
| Net Margin | -26.5% | |
| Return on Equity (ROE) | -0.7% | |
| Return on Assets (ROA) | 0.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3M |
| Free Cash Flow | -$44M |
| Total Debt | $50M |
| Debt-to-Equity | 0.0 |
| Current Ratio | 4.9 |
| Total Assets | $738M |
Price & Trading
| Last Close | $3.18 |
| 50-Day MA | $4.27 |
| 200-Day MA | $3.63 |
| Avg Volume | 3.4M |
| Beta | 1.0 |
|
52-Week Range
$1.23
| |
About Gold Royalty Corp. (GROY)
Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry in the United States, Bosnia and Herzegovina, Canada, Brazil, and Mexico. It focuses on acquiring royalties, streams, or similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.
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Frequently Asked Questions
Is Gold Royalty Corp. (GROY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Gold Royalty Corp. 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 Gold Royalty Corp.'s debt ratio?
Gold Royalty Corp.'s debt ratio is 5.1% 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 6.8%.
What are Gold Royalty Corp.'s key financial metrics?
Gold Royalty Corp. has a market capitalization of $766M, and revenue of $10M. The company maintains a gross margin of 93.0% and a net margin of -26.5%. Return on equity stands at -0.7%.
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.