Is GrowGeneration Corp. (GRWG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 55.2% / 30% | 84.2% / 30% | 12.6% / 30% | 1.43% / 5% | ✗ NOT HALAL |
| DJIM | 55.2% / 33% | 84.2% / 33% | 12.6% / 33% | 1.43% / 5% | ✗ NOT HALAL |
| MSCI | 21.2% / 33% | 32.4% / 33% | 4.8% / 33% | 1.43% / 5% | ✓ HALAL |
| S&P | 55.2% / 33% | 84.2% / 33% | 12.6% / 33% | 1.43% / 5% | ✗ NOT HALAL |
| FTSE | 21.2% / 33% | 32.4% / 33% | 4.8% / 50% | 1.43% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.8% | |
| Operating Margin | -19.7% | |
| Net Margin | -14.9% | |
| Return on Equity (ROE) | -22.1% | |
| Return on Assets (ROA) | -9.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$4M |
| Total Debt | $37M |
| Debt-to-Equity | 30.2 |
| Current Ratio | 4.0 |
| Total Assets | $174M |
Price & Trading
| Last Close | $1.11 |
| 50-Day MA | $1.20 |
| 200-Day MA | $1.40 |
| Avg Volume | 377K |
| Beta | 2.4 |
|
52-Week Range
$0.82
| |
About GrowGeneration Corp. (GRWG)
GrowGeneration Corp., through its subsidiaries, operates as a developer, marketer, retailer, and distributor of products for both indoor and outdoor hydroponic and organic gardening in the United States. It operates in two segments, Cultivation and Gardening, and Storage Solutions. The company sells hydroponic and organic gardening related products, including nutrients, additives, growing media, lighting, environmental control systems, and other products for indoor and outdoor cultivation through hydroponic retail locations, commercial sales, wholesale, and an online platform at growgeneration.com under the Charcoir, Drip Hydro, Power Si, Ion lights, The Harvest Company, Viagrow, and other brands. It also provides customized storage solutions, such as high-density mobile storage systems, and static shelving, as well as other accessories such as desks, lockers, safes, and secured storage; and various services, including site surveys, floor plan designs, capacity analysis, seismic calculations, permitting, and installation under the Mobile Media or MMI brand for agriculture, retail, warehousing, office and administrative, food service, hospitality, golf and country clubs, and other markets. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.
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Frequently Asked Questions
Is GrowGeneration Corp. (GRWG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GrowGeneration 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 GrowGeneration Corp.'s debt ratio?
GrowGeneration Corp.'s debt ratio is 55.2% 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 21.2%.
What are GrowGeneration Corp.'s key financial metrics?
GrowGeneration Corp. has a market capitalization of $64M, and revenue of $189M. The company maintains a gross margin of 26.8% and a net margin of -14.9%. Return on equity stands at -22.1%.
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.