Is METHODE ELECTRONICS INC (MEI) Halal?
Shariah Screening — 5 Standards
Based on financial data from April 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 145.5% / 30% | 43.9% / 30% | 103.9% / 30% | 0.4% / 5% | ✗ NOT HALAL |
| DJIM | 145.5% / 33% | 43.9% / 33% | 103.9% / 33% | 0.4% / 5% | ✗ NOT HALAL |
| MSCI | 26.3% / 33% | 7.9% / 33% | 18.8% / 33% | 0.4% / 5% | ✓ HALAL |
| S&P | 145.5% / 33% | 43.9% / 33% | 103.9% / 33% | 0.4% / 5% | ✗ NOT HALAL |
| FTSE | 26.3% / 33% | 7.9% / 33% | 18.8% / 50% | 0.4% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 15.4% | |
| Operating Margin | -2.4% | |
| Net Margin | -6.6% | |
| Return on Equity (ROE) | -9.3% | |
| Return on Assets (ROA) | -1.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $26M |
| Free Cash Flow | -$15M |
| Total Debt | $343M |
| Debt-to-Equity | 54.5 |
| Current Ratio | 2.4 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $5.74 |
| 50-Day MA | $7.45 |
| 200-Day MA | $7.42 |
| Avg Volume | 432K |
| Beta | 1.0 |
|
52-Week Range
$4.88
| |
About METHODE ELECTRONICS INC (MEI)
Methode Electronics, Inc. designs, engineers, produces, and sells mechatronic products internationally. The company operates in three segments: Automotive, Industrial, and Interface. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers directly or through their tiered suppliers. This segment products include integrated overhead and center consoles, hidden and ergonomic switches, transmission lead-frames, complex insert molded solutions, LED-based lighting solutions, and sensors, which incorporate magneto-elastic sensing, or other sensing technologies that monitor the operation or status of a component or system. The Industrial segment manufactures exterior and interior lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies comprising PowerRail solutions, high-current high-voltage flexible power cabling systems, and powder-coated busbars that are used in various markets and applications, including aerospace, commercial vehicles, data centers, industrial equipment, military, power conversion, telecommunications, and transportation. The Interface segment provides a variety of high-speed digital communication over copper media solutions for the data center and broadband markets, and interface panel solutions for the appliance market; and solutions, including copper transceivers, distribution point units, and solid-state field-effect consumer touch panels. The company serves end markets of transportation, including automotive, commercial vehicle, e-bike, aerospace, bus, and rail; and cloud computing infrastructure, construction equipment, and consumer appliance industries. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.
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Frequently Asked Questions
Is METHODE ELECTRONICS INC (MEI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), METHODE ELECTRONICS INC 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 METHODE ELECTRONICS INC's debt ratio?
METHODE ELECTRONICS INC's debt ratio is 145.5% 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 26.3%.
What are METHODE ELECTRONICS INC's key financial metrics?
METHODE ELECTRONICS INC has a market capitalization of $198M, and revenue of $1.0B. The company maintains a gross margin of 15.4% and a net margin of -6.6%. Return on equity stands at -9.3%.
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.