Is Next Technology Holding Inc. (NXTT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.7% / 30% | 4.2% / 30% | 11.2% / 30% | 1655.25% / 5% | ✗ NOT HALAL |
| DJIM | 4.7% / 33% | 4.2% / 33% | 11.2% / 33% | 1655.25% / 5% | ✗ NOT HALAL |
| MSCI | 0.8% / 33% | 0.7% / 33% | 1.9% / 33% | 1655.25% / 5% | ✗ NOT HALAL |
| S&P | 4.7% / 33% | 4.2% / 33% | 11.2% / 33% | 1655.25% / 5% | ✗ NOT HALAL |
| FTSE | 0.8% / 33% | 0.7% / 33% | 1.9% / 50% | 1655.25% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 52.3% | |
| Operating Margin | -2478.8% | |
| Net Margin | 8435.3% | |
| Return on Equity (ROE) | 93.2% | |
| Return on Assets (ROA) | -7.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $0 |
| Free Cash Flow | $0 |
| Total Debt | $760,352 |
| Debt-to-Equity | 0.3 |
| Current Ratio | 114.1 |
| Total Assets | $93M |
Price & Trading
| Last Close | $1.48 |
| 50-Day MA | $3.61 |
| 200-Day MA | $113.71 |
| Avg Volume | 111K |
| Beta | 5.5 |
|
52-Week Range
$0.45
| |
About Next Technology Holding Inc. (NXTT)
Next Technology Holding Inc. provides software development services in the United States, Hong Kong, and Singapore. It provides AI-enabled software development services, including the development, design, and implementation of various SAAS software solutions for businesses of all types, such as industrial and other businesses. The company is also involved in acquiring bitcoin; and issuing of debt or equity securities, as well as engages in other capital raising transactions to purchase bitcoin. The company was formerly known as WeTrade Group, Inc. and changed its name to Next Technology Holding Inc. in April 2024. Next Technology Holding Inc. was incorporated in 2019 and is headquartered in Shenzhen, the People Republic of China.
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Frequently Asked Questions
Is Next Technology Holding Inc. (NXTT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Next Technology Holding 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 Next Technology Holding Inc.'s debt ratio?
Next Technology Holding Inc.'s debt ratio is 4.7% 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 0.8%.
What are Next Technology Holding Inc.'s key financial metrics?
Next Technology Holding Inc. has a market capitalization of $11M, trailing P/E ratio of 0.0, and revenue of $2M. The company maintains a gross margin of 52.3% and a net margin of 8435.3%. Return on equity stands at 93.2%.
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.