Is SYNTEC OPTICS HOLDINGS, INC. (OPTX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.8% / 30% | 0.9% / 30% | 2.9% / 30% | 1.26% / 5% | ✓ HALAL |
| DJIM | 3.8% / 33% | 0.9% / 33% | 2.9% / 33% | 1.26% / 5% | ✓ HALAL |
| MSCI | 33.6% / 33% | 8.1% / 33% | 25.6% / 33% | 1.26% / 5% | ✗ NOT HALAL |
| S&P | 3.8% / 33% | 0.9% / 33% | 2.9% / 33% | 1.26% / 5% | ✓ HALAL |
| FTSE | 33.6% / 33% | 8.1% / 33% | 25.6% / 50% | 1.26% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 20.6% | |
| Operating Margin | -17.5% | |
| Net Margin | -10.7% | |
| Return on Equity (ROE) | -27.3% | |
| Return on Assets (ROA) | -5.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3M |
| Free Cash Flow | $871,041 |
| Total Debt | $9M |
| Debt-to-Equity | 115.9 |
| Current Ratio | 1.2 |
| Total Assets | $27M |
Price & Trading
| Last Close | $7.84 |
| 50-Day MA | $6.59 |
| 200-Day MA | $3.06 |
| Avg Volume | 1.4M |
| Beta | -1.1 |
|
52-Week Range
$1.02
| |
About SYNTEC OPTICS HOLDINGS, INC. (OPTX)
Syntec Optics Holdings, Inc. manufactures and supplies integrated optics and photonics components, sub-systems, and optical systems for defense, medical, and consumer end-markets worldwide. It offers polymer-based optics; and optical assemblies, electro-optics assemblies, molded polymer and glass optic components, opto-mechanical components, nano machining, and thin films coating. The company also provides optics assembly, electro-optics assembly, design, and coating services. Syntec Optics Holdings, Inc. was founded in 1981 and is based in Rochester, New York.
Purification Calculator
As a halal stock with 1.26% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is SYNTEC OPTICS HOLDINGS, INC. (OPTX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SYNTEC OPTICS HOLDINGS, 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 SYNTEC OPTICS HOLDINGS, INC.'s debt ratio?
SYNTEC OPTICS HOLDINGS, INC.'s debt ratio is 3.8% 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 33.6%.
Does SYNTEC OPTICS HOLDINGS, INC. require dividend purification?
Yes, SYNTEC OPTICS HOLDINGS, INC. has an impermissible income ratio of 1.26%, which means 1.26% 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 SYNTEC OPTICS HOLDINGS, INC.'s key financial metrics?
SYNTEC OPTICS HOLDINGS, INC. has a market capitalization of $267M, and revenue of $29M. The company maintains a gross margin of 20.6% and a net margin of -10.7%. Return on equity stands at -27.3%.
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.