Is NORDIC AMERICAN TANKERS Ltd (NAT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 22.7% / 30% | 3.3% / 30% | 1.4% / 30% | 0.21% / 5% | ✓ HALAL |
| DJIM | 22.7% / 33% | 3.3% / 33% | 1.4% / 33% | 0.21% / 5% | ✓ HALAL |
| MSCI | 33.0% / 33% | 4.8% / 33% | 2.0% / 33% | 0.21% / 5% | ✓ HALAL |
| S&P | 22.7% / 33% | 3.3% / 33% | 1.4% / 33% | 0.21% / 5% | ✓ HALAL |
| FTSE | 33.0% / 33% | 4.8% / 33% | 2.0% / 50% | 0.21% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 63.5% | |
| Operating Margin | 34.8% | |
| Net Margin | 6.7% | |
| Return on Equity (ROE) | 2.6% | |
| Return on Assets (ROA) | 2.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $128M |
| Free Cash Flow | $126M |
| Total Debt | $270M |
| Debt-to-Equity | 95.2 |
| Current Ratio | 2.2 |
| Total Assets | $818M |
Price & Trading
| Last Close | $5.59 |
| 50-Day MA | $4.86 |
| 200-Day MA | $3.64 |
| Avg Volume | 4.2M |
| Beta | -0.5 |
|
52-Week Range
$2.13
| |
About NORDIC AMERICAN TANKERS Ltd (NAT)
Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2024, the company fleet consisted of 20 Suezmax crude oil tankers. Nordic American Tankers Limited was incorporated in 1995 and is based in Hamilton, Bermuda.
Purification Calculator
As a halal stock with 0.21% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is NORDIC AMERICAN TANKERS Ltd (NAT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NORDIC AMERICAN TANKERS Ltd 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 NORDIC AMERICAN TANKERS Ltd's debt ratio?
NORDIC AMERICAN TANKERS Ltd's debt ratio is 22.7% 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 33.0%.
Does NORDIC AMERICAN TANKERS Ltd require dividend purification?
Yes, NORDIC AMERICAN TANKERS Ltd has an impermissible income ratio of 0.21%, which means 0.21% 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 NORDIC AMERICAN TANKERS Ltd's key financial metrics?
NORDIC AMERICAN TANKERS Ltd has a market capitalization of $1.2B, trailing P/E ratio of 94.3, and revenue of $350M. The company maintains a gross margin of 63.5% and a net margin of 6.7%. Return on equity stands at 2.6%.
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.