Is Local Bounti Corporation/DE (LOCL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1982.7% / 30% | 4.2% / 30% | 10.4% / 30% | 5.27% / 5% | ✗ NOT HALAL |
| DJIM | 1982.7% / 33% | 4.2% / 33% | 10.4% / 33% | 5.27% / 5% | ✗ NOT HALAL |
| MSCI | 102.1% / 33% | 0.2% / 33% | 0.5% / 33% | 5.27% / 5% | ✗ NOT HALAL |
| S&P | 1982.7% / 33% | 4.2% / 33% | 10.4% / 33% | 5.27% / 5% | ✗ NOT HALAL |
| FTSE | 102.1% / 33% | 0.2% / 33% | 0.5% / 50% | 5.27% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.2% | |
| Operating Margin | -102.6% | |
| Net Margin | -195.1% | |
| Return on Assets (ROA) | -8.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$27M |
| Free Cash Flow | -$110M |
| Total Debt | $437M |
| Current Ratio | 1.4 |
| Total Assets | $428M |
Price & Trading
| Last Close | $1.14 |
| 50-Day MA | $1.63 |
| 200-Day MA | $2.36 |
| Avg Volume | 18K |
| Beta | 2.1 |
|
52-Week Range
$0.98
| |
About Local Bounti Corporation/DE (LOCL)
Local Bounti Corporation produces and sells fresh greens in the United States. The company offers lettuce, arugula, spinach, basil, herbs, berries, and loose-leaf lettuce. It sells its products to food retailers and food service distributors. The company was founded in 2018 and is headquartered in Hamilton, Montana.
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Frequently Asked Questions
Is Local Bounti Corporation/DE (LOCL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Local Bounti Corporation/DE 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 Local Bounti Corporation/DE's debt ratio?
Local Bounti Corporation/DE's debt ratio is 1982.7% 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 102.1%.
What are Local Bounti Corporation/DE's key financial metrics?
Local Bounti Corporation/DE has a market capitalization of $24M, and revenue of $38M. The company maintains a gross margin of 12.2% and a net margin of -195.1%.
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.