Is Massimo Group (MAMO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 36.9% / 30% | 24.8% / 30% | 12.1% / 30% | 3.02% / 5% | ✗ NOT HALAL |
| DJIM | 36.9% / 33% | 24.8% / 33% | 12.1% / 33% | 3.02% / 5% | ✗ NOT HALAL |
| MSCI | 27.6% / 33% | 18.6% / 33% | 9.0% / 33% | 3.02% / 5% | ✓ HALAL |
| S&P | 36.9% / 33% | 24.8% / 33% | 12.1% / 33% | 3.02% / 5% | ✗ NOT HALAL |
| FTSE | 27.6% / 33% | 18.6% / 33% | 9.0% / 50% | 3.02% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.4% | |
| Operating Margin | 10.5% | |
| Net Margin | -1.2% | |
| Return on Equity (ROE) | -3.7% | |
| Return on Assets (ROA) | -2.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $7M |
| Free Cash Flow | $6M |
| Total Debt | $15M |
| Debt-to-Equity | 46.6 |
| Current Ratio | 2.1 |
| Total Assets | $55M |
Price & Trading
| Last Close | $0.94 |
| 50-Day MA | $1.59 |
| 200-Day MA | $2.72 |
| Avg Volume | 829K |
|
52-Week Range
$0.85
| |
About Massimo Group (MAMO)
Massimo Group, through its subsidiaries, manufactures and sells utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats in the United States. The company offers motorcycles, scooters, golf carts, and go karts and balance bikes, as well as snow equipment. It also provides accessories, including EV chargers, electric coolers, power stations, and portable solar panels. The company sells its products through a network of dealerships, distributors, and chain stores, as well as the e-commerce marketplace. Massimo Group was founded in 2009 and is based in Garland, Texas.
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Frequently Asked Questions
Is Massimo Group (MAMO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Massimo Group 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 Massimo Group's debt ratio?
Massimo Group's debt ratio is 36.9% 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 27.6%.
What are Massimo Group's key financial metrics?
Massimo Group has a market capitalization of $42M, and revenue of $109M. The company maintains a gross margin of 33.4% and a net margin of -1.2%. Return on equity stands at -3.7%.
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.