Is MXC (MXC) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.4% / 30% | 5.6% / 30% | 3.8% / 30% | 0.99% / 5% | ✓ HALAL |
| DJIM | 0.4% / 33% | 5.6% / 33% | 3.8% / 33% | 0.99% / 5% | ✓ HALAL |
| MSCI | 0.6% / 33% | 8.6% / 33% | 5.8% / 33% | 0.99% / 5% | ✓ HALAL |
| S&P | 0.4% / 33% | 5.6% / 33% | 3.8% / 33% | 0.99% / 5% | ✓ HALAL |
| FTSE | 0.6% / 33% | 8.6% / 33% | 5.8% / 50% | 0.99% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 80.2% | |
| Operating Margin | 6.6% | |
| Net Margin | 18.1% | |
| Return on Equity (ROE) | 6.7% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $4M |
| Free Cash Flow | $853,005 |
| Total Debt | $126,525 |
| Debt-to-Equity | 0.5 |
| Current Ratio | 12.3 |
| Total Assets | $20M |
Price & Trading
| Last Close | $11.07 |
| 50-Day MA | $11.12 |
| 200-Day MA | $9.63 |
| Avg Volume | 36K |
| Beta | 0.3 |
|
52-Week Range
$5.89
| |
About MXC (MXC)
Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids in the United States. It owns partial interests in wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, South Dakota, and Ohio. It also owns leasehold mineral, royalty, and other interests. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was incorporated in 1972 and is based in Midland, Texas.
Purification Calculator
As a halal stock with 0.99% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is MXC (MXC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MXC is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is MXC's debt ratio?
MXC's debt ratio is 0.4% 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 0.6%.
Does MXC require dividend purification?
Yes, MXC has an impermissible income ratio of 0.99%, which means 0.99% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are MXC's key financial metrics?
MXC has a market capitalization of $23M, trailing P/E ratio of 18.5, and revenue of $7M. The company maintains a gross margin of 80.2% and a net margin of 18.1%. Return on equity stands at 6.7%.
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.