Is NEXTNRG, INC. (NXXT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 10.7% / 30% | 0.6% / 30% | 2.1% / 30% | 0.0% / 5% | ✓ HALAL |
| DJIM | 10.7% / 33% | 0.6% / 33% | 2.1% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 67.4% / 33% | 3.6% / 33% | 13.4% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 10.7% / 33% | 0.6% / 33% | 2.1% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 67.4% / 33% | 3.6% / 33% | 13.4% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 8.0% | |
| Operating Margin | -39.4% | |
| Net Margin | -86.1% | |
| Return on Assets (ROA) | -224.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$10M |
| Total Debt | $8M |
| Current Ratio | 0.1 |
| Total Assets | $12M |
Price & Trading
| Last Close | $0.42 |
| 50-Day MA | $0.73 |
| 200-Day MA | $1.54 |
| Avg Volume | 1.8M |
| Beta | -0.5 |
|
52-Week Range
$0.35
| |
About NEXTNRG, INC. (NXXT)
NextNRG, Inc. engages in mobile fueling operations in the United States. The company offers on-demand and subscription-based fuel delivery services to individual consumers, fleets, marine, and other specialty markets. It is also involved in developing and deploying wireless electric vehicle charging technology with battery storage and solar energy solutions. In addition, the company offers smart grid products. NextNRG, Inc. was incorporated in 2016 and is headquartered in Miami, Florida.
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Frequently Asked Questions
Is NEXTNRG, INC. (NXXT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NEXTNRG, INC. 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 NEXTNRG, INC.'s debt ratio?
NEXTNRG, INC.'s debt ratio is 10.7% 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 67.4%.
What are NEXTNRG, INC.'s key financial metrics?
NEXTNRG, INC. has a market capitalization of $58M, and revenue of $28M. The company maintains a gross margin of 8.0% and a net margin of -86.1%.
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.