Is Magnera Corp (MAGN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 205.1% / 30% | 11.9% / 30% | 40.5% / 30% | 0.11% / 5% | ✗ NOT HALAL |
| DJIM | 205.1% / 33% | 11.9% / 33% | 40.5% / 33% | 0.11% / 5% | ✗ NOT HALAL |
| MSCI | 55.3% / 33% | 3.2% / 33% | 10.9% / 33% | 0.11% / 5% | ✗ NOT HALAL |
| S&P | 205.1% / 33% | 11.9% / 33% | 40.5% / 33% | 0.11% / 5% | ✗ NOT HALAL |
| FTSE | 55.3% / 33% | 3.2% / 33% | 10.9% / 50% | 0.11% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 11.0% | |
| Operating Margin | 4.5% | |
| Net Margin | -4.0% | |
| Return on Equity (ROE) | -12.4% | |
| Return on Assets (ROA) | 1.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$26M |
| Free Cash Flow | -$59M |
| Total Debt | $865M |
| Debt-to-Equity | 192.0 |
| Current Ratio | 2.5 |
| Total Assets | $1.6B |
Price & Trading
| Last Close | $9.07 |
| 50-Day MA | $12.59 |
| 200-Day MA | $12.32 |
| Avg Volume | 496K |
|
52-Week Range
$7.82
| |
About Magnera Corp (MAGN)
Magnera Corporation manufactures and sells non-woven and related products worldwide. It sells its products primarily into consumer-oriented end markets, such as healthcare, and personal care. The company offers personal care and consumer solution products and components of products including medical garments, wipes, dryer sheets, filtration, baby diapers and adult incontinence. The company also offers tea bags, coffee filters, wipes, cable wrap, filtration, baby diapers and adult incontinence. The company is headquartered in Charlotte, North Carolina.
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Frequently Asked Questions
Is Magnera Corp (MAGN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Magnera 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 Magnera Corp's debt ratio?
Magnera Corp's debt ratio is 205.1% 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 55.3%.
What are Magnera Corp's key financial metrics?
Magnera Corp has a market capitalization of $316M, and revenue of $1.4B. The company maintains a gross margin of 11.0% and a net margin of -4.0%. Return on equity stands at -12.4%.
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.