Multi Ways Holdings Ltd (MWG) Financial Ratio Screen

NYSE Industrials Singapore USD 9M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Multi Ways Holdings Ltd (MWG) is potentially non-compliant in the automated ratio model. The company's debt ratio of 31.5% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Multi Ways Holdings Ltd operates in the Industrials sector.

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MSCI new-inclusion financial-ratio snapshot

MWG financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
31.5%
Fail vs 30%
Cash ratio
4.8%
Pass vs 30%
Receivables + cash
28.6%
Pass vs 30%
Impermissible income
0.7%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria passedActivity is assessed separately
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Rental & Leasing Services) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Multi Ways Holdings Limited engages in the sale and rental of heavy construction equipment in Singapore, Canada, Australia, and internationally. It supplies and rents new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. The company offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, including crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines. The company was founded in 1988 and is based in Singapore. Multi Ways Holdings Limited is a subsidiary of MWE Investments Limited.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 31.5%
/ 30%
4.8%
/ 30%
28.6%
/ 30%
0.71%
/ 5%
RATIOS FAIL*
FTSE 31.5%
/ 33%
4.8%
/ 33%
28.6%
/ 50%
0.71%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

EPS
$-0.65
P/B Ratio
0.3
EV/EBITDA
-293.2
EV: $34M
Revenue
$31M
Growth: 87.6%
Beta
1.1
Average volatility
Current Ratio
1.5

Profitability

Gross Margin 26.4%
Operating Margin 6.4%
Net Margin -4.7%
Return on Equity (ROE) -9.4%
Return on Assets (ROA) -0.5%

Cash Flow & Balance Sheet

Operating Cash Flow-$13M
Free Cash Flow-$14M
Total Debt$22M
Debt-to-Equity152.2
Current Ratio1.5
Total Assets$70M

Price & Trading

Last Close$1.86
50-Day MA$2.18
200-Day MA$2.58
Avg Volume561K
Beta1.1
52-Week Range
$1.41
$6.05

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Multi Ways Holdings Ltd (MWG)

CEO
Mr. Eng Hock Lim
Employees
86
Sector
Industrials
Industry
Rental & Leasing Services
Country
Singapore
Exchange
NYSE
Market Cap (listing currency)
USD 9M
Currency
USD

Multi Ways Holdings Limited engages in the sale and rental of heavy construction equipment in Singapore, Canada, Australia, and internationally. It supplies and rents new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. The company offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, including crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines. The company was founded in 1988 and is based in Singapore. Multi Ways Holdings Limited is a subsidiary of MWE Investments Limited.

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Frequently Asked Questions

Is Multi Ways Holdings Ltd (MWG) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Multi Ways Holdings Ltd's debt ratio?

Multi Ways Holdings Ltd's debt ratio is 31.5% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Multi Ways Holdings Ltd's key financial metrics?

Multi Ways Holdings Ltd has a market capitalization of USD 9M in its listing currency, and revenue of $31M. The company maintains a gross margin of 26.4% and a net margin of -4.7%. Return on equity stands at -9.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

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.