Is InnovAge Holding Corp. (INNV) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.3% / 30% | 8.7% / 30% | 3.3% / 30% | 1.55% / 5% | ✓ HALAL |
| DJIM | 8.3% / 33% | 8.7% / 33% | 3.3% / 33% | 1.55% / 5% | ✓ HALAL |
| MSCI | 19.2% / 33% | 20.1% / 33% | 7.5% / 33% | 1.55% / 5% | ✓ HALAL |
| S&P | 8.3% / 33% | 8.7% / 33% | 3.3% / 33% | 1.55% / 5% | ✓ HALAL |
| FTSE | 19.2% / 33% | 20.1% / 33% | 7.5% / 50% | 1.55% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 68.1% | |
| Operating Margin | 5.5% | |
| Net Margin | 0.7% | |
| Return on Equity (ROE) | 1.2% | |
| Return on Assets (ROA) | 2.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $33M |
| Free Cash Flow | $27M |
| Total Debt | $101M |
| Debt-to-Equity | 33.0 |
| Current Ratio | 1.3 |
| Total Assets | $527M |
Price & Trading
| Last Close | $7.92 |
| 50-Day MA | $7.81 |
| 200-Day MA | $5.42 |
| Avg Volume | 286K |
| Beta | 0.5 |
|
52-Week Range
$2.60
| |
About InnovAge Holding Corp. (INNV)
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to and from the PACE center and third-party medical appointments; and care management. It serves participants in the United States; and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, Florida, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 1989 and is headquartered in Denver, Colorado.
Purification Calculator
As a halal stock with 1.55% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is InnovAge Holding Corp. (INNV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), InnovAge Holding Corp. 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 InnovAge Holding Corp.'s debt ratio?
InnovAge Holding Corp.'s debt ratio is 8.3% 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 19.2%.
Does InnovAge Holding Corp. require dividend purification?
Yes, InnovAge Holding Corp. has an impermissible income ratio of 1.55%, which means 1.55% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are InnovAge Holding Corp.'s key financial metrics?
InnovAge Holding Corp. has a market capitalization of $1.1B, trailing P/E ratio of 158.2, and revenue of $854M. The company maintains a gross margin of 68.1% and a net margin of 0.7%. Return on equity stands at 1.2%.
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.