KORE Group Holdings, Inc. (KORE) Financial Ratio Screen

NYSE Communication Services United States USD 158M
RATIOS FAIL*
Automated financial screen · activity assessed separately
KORE Group Holdings, Inc. (KORE) is potentially non-compliant in the automated ratio model. The company's debt ratio of 67.4% exceeds the 30% MSCI new-inclusion threshold relative to total assets. KORE Group Holdings, Inc. operates in the Communication Services sector.

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MSCI new-inclusion financial-ratio snapshot

KORE financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
67.4%
Fail vs 30%
Cash ratio
4.3%
Pass vs 30%
Receivables + cash
14.3%
Pass vs 30%
Impermissible income
0.4%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Telecom Services) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 67.4%
/ 30%
4.3%
/ 30%
14.3%
/ 30%
0.39%
/ 5%
RATIOS FAIL*
FTSE 67.4%
/ 33%
4.3%
/ 33%
14.3%
/ 50%
0.39%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-3.58
P/B Ratio
-1.1
EV/EBITDA
19.4
EV: $586M
Revenue
$286M
Growth: -0.3%
Beta
1.6
High volatility
Current Ratio
1.2

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 Ratio1.2
Total Assets$456M

Price & Trading

Last Close$9.00
50-Day MA$6.64
200-Day MA$4.03
Avg Volume116K
Beta1.6
52-Week Range
$2.00
$9.02

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About KORE Group Holdings, Inc. (KORE)

CEO
Mr. Ronald Totton
Employees
539
Sector
Communication Services
Industry
Telecom Services
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 158M
Currency
USD

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?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is KORE Group Holdings, Inc.'s debt ratio?

KORE Group Holdings, Inc.'s debt ratio is 67.4% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are KORE Group Holdings, Inc.'s key financial metrics?

KORE Group Holdings, Inc. has a market capitalization of USD 158M in its listing currency, 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?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

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.