Is Kandi Technologies Group, Inc. (KNDI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 106.0% / 30% | 53.4% / 30% | 214.2% / 30% | 7.88% / 5% | ✗ NOT HALAL |
| DJIM | 106.0% / 33% | 53.4% / 33% | 214.2% / 33% | 7.88% / 5% | ✗ NOT HALAL |
| MSCI | 17.9% / 33% | 9.0% / 33% | 36.2% / 33% | 7.88% / 5% | ✗ NOT HALAL |
| S&P | 106.0% / 33% | 53.4% / 33% | 214.2% / 33% | 7.88% / 5% | ✗ NOT HALAL |
| FTSE | 17.9% / 33% | 9.0% / 33% | 36.2% / 50% | 7.88% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 35.3% | |
| Operating Margin | -5.3% | |
| Net Margin | -49.1% | |
| Return on Equity (ROE) | -13.7% | |
| Return on Assets (ROA) | -5.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$19M |
| Total Debt | $85M |
| Debt-to-Equity | 10.6 |
| Current Ratio | 3.8 |
| Total Assets | $474M |
Price & Trading
| Last Close | $0.86 |
| 50-Day MA | $0.99 |
| 200-Day MA | $1.11 |
| Avg Volume | 309K |
| Beta | 0.6 |
|
52-Week Range
$0.78
| |
About Kandi Technologies Group, Inc. (KNDI)
Kandi Technologies Group, Inc., together with its subsidiaries, produces and sells electric off-road vehicles and associated parts in the People's Republic of China, the United States, and internationally. The company offers all-terrain vehicles, utility vehicles, go-karts, golf carts, electric scooters, and electric self-balancing scooters for leisure and entertainment, agricultural operations, and site transportation applications. It also provides electric vehicles (EV) products and parts; lithium-ion cells; and battery packs and smart battery swap systems. The company was formerly known as Kandi Technologies, Corp and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.
Related Halal Stocks in Consumer Cyclical
Frequently Asked Questions
Is Kandi Technologies Group, Inc. (KNDI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Kandi Technologies Group, 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 Kandi Technologies Group, Inc.'s debt ratio?
Kandi Technologies Group, Inc.'s debt ratio is 106.0% 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 17.9%.
What are Kandi Technologies Group, Inc.'s key financial metrics?
Kandi Technologies Group, Inc. has a market capitalization of $71M, and revenue of $128M. The company maintains a gross margin of 35.3% and a net margin of -49.1%. Return on equity stands at -13.7%.
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.