Is LITHIUM AMERICAS CORP. (LAC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.6% / 30% | 43.0% / 30% | 0.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 1.6% / 33% | 43.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 2.2% / 33% | 56.8% / 33% | 0.1% / 33% | N/A | ✗ NOT HALAL |
| S&P | 1.6% / 33% | 43.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 2.2% / 33% | 56.8% / 33% | 0.1% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -6.8% | |
| Return on Assets (ROA) | -1.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$13M |
| Free Cash Flow | -$191M |
| Total Debt | $23M |
| Debt-to-Equity | 33.8 |
| Current Ratio | 5.2 |
| Total Assets | $1.0B |
Price & Trading
| Last Close | $3.88 |
| 50-Day MA | $4.85 |
| 200-Day MA | $4.49 |
| Avg Volume | 13.0M |
| Beta | 3.0 |
|
52-Week Range
$2.31
| |
About LITHIUM AMERICAS CORP. (LAC)
Lithium Americas Corp. focuses on developing, building, and operating of lithium deposits and chemical processing facilities in the United States and Canada. The company's flagship asset is the Thacker Pass project located in the McDermitt Caldera in Humboldt County, northern Nevada, as well as invests in exploration properties in the United States and Canada. Lithium Americas Corp. was incorporated in 2023 and is headquartered in Vancouver, Canada.
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Frequently Asked Questions
Is LITHIUM AMERICAS CORP. (LAC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), LITHIUM AMERICAS 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 LITHIUM AMERICAS CORP.'s debt ratio?
LITHIUM AMERICAS CORP.'s debt ratio is 1.6% 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 2.2%.
What are LITHIUM AMERICAS CORP.'s key financial metrics?
LITHIUM AMERICAS CORP. has a market capitalization of $1.4B. Return on equity stands at -6.8%.
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.