Is KORE Group Holdings, Inc. (KORE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 195.0% / 30% | 12.3% / 30% | 29.0% / 30% | 0.39% / 5% | ✗ NOT HALAL |
| DJIM | 195.0% / 33% | 12.3% / 33% | 29.0% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| MSCI | 67.4% / 33% | 4.3% / 33% | 10.0% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| S&P | 195.0% / 33% | 12.3% / 33% | 29.0% / 33% | 0.39% / 5% | ✗ NOT HALAL |
| FTSE | 67.4% / 33% | 4.3% / 33% | 10.0% / 50% | 0.39% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 55.3% | |
| Operating Margin | -6.1% | |
| Net Margin | -24.5% | |
| Return on Assets (ROA) | -3.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $10M |
| Free Cash Flow | -$4M |
| Total Debt | $307M |
| Current Ratio | 1.2 |
| Total Assets | $456M |
Price & Trading
| Last Close | $9.00 |
| 50-Day MA | $6.64 |
| 200-Day MA | $4.03 |
| Avg Volume | 116K |
| Beta | 1.6 |
|
52-Week Range
$2.00
| |
About KORE Group Holdings, Inc. (KORE)
KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions in the United States and internationally. The company offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. Its products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security software services. In addition, the company offers IoT connectivity products comprising sim cards; and IoT devices. The company serves customers in healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing sectors. KORE Group Holdings, Inc. was founded in 2002 and is headquartered in Atlanta, Georgia.
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Frequently Asked Questions
Is KORE Group Holdings, Inc. (KORE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), KORE Group Holdings, 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 KORE Group Holdings, Inc.'s debt ratio?
KORE Group Holdings, Inc.'s debt ratio is 195.0% 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 67.4%.
What are KORE Group Holdings, Inc.'s key financial metrics?
KORE Group Holdings, Inc. has a market capitalization of $158M, and revenue of $286M. The company maintains a gross margin of 55.3% and a net margin of -24.5%.
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.