Is NextPlat Corp (NXPLW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 6.2% / 33% | 54.7% / 33% | 17.1% / 33% | 1.12% / 5% | ✗ NOT HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 6.2% / 33% | 54.7% / 33% | 17.1% / 50% | 1.12% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.3% | |
| Operating Margin | -14.5% | |
| Net Margin | -14.6% | |
| Return on Equity (ROE) | -32.5% | |
| Return on Assets (ROA) | -14.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$6M |
| Total Debt | $2M |
| Debt-to-Equity | 8.0 |
| Current Ratio | 3.6 |
| Total Assets | $36M |
Price & Trading
| Last Close | $0.04 |
| Beta | 1.3 |
About NextPlat Corp (NXPLW)
NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. It operates through two segments, e-Commerce Operations and Healthcare Operations. The company operates full-service retail and specialty services pharmacies that provide prescription pharmaceuticals, third-party administration, risk and data management, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, medication adherence packaging, contracted pharmacy services, health practice risk management to healthcare organizations and providers, disease testing, and vaccinations, as well as supplies prescription medications to long-term care facilities. It also operates e-commerce websites, as well as third-party e-commerce storefronts that provide mobile satellite services solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and internet of things connectivity services; voice, data communications, internet of things (IoT), and machine-to-machine services; tracking and monitoring services; satellite communications products; GPS enabled emergency locator distress beacons; satellite tracking devices used to monitor the location, movements, and history of anything that moves; GTCTrack, a subscription-based mapping and tracking portal that provides a universal and hardware-agnostic, cloud-based data visualization and management platform; and SolarTrack, a solar powered satellite tracking device. In addition, the company provides value-added services, such as prior authorization assistance, same-day home-medication delivery, on-site provider consultation services, primary care reporting and analytics, and customized packaging solutions. The company was formerly known as Orbsat Corp. and changed its name to NextPlat Corp in January 2022. NextPlat Corp was founded in 2008 and is headquartered in Coconut Grove, Florida.
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Frequently Asked Questions
Is NextPlat Corp (NXPLW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NextPlat Corp 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 NextPlat Corp's debt ratio?
NextPlat Corp's debt ratio is not available 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 6.2%.
What are NextPlat Corp's key financial metrics?
NextPlat Corp has a market capitalization of N/A, and revenue of $65M. The company maintains a gross margin of 19.3% and a net margin of -14.6%. Return on equity stands at -32.5%.
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.