Is Eightco Holdings Inc. (ORBS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 15.4% / 30% | 0.1% / 30% | 0.8% / 30% | 30.84% / 5% | ✗ NOT HALAL |
| DJIM | 15.4% / 33% | 0.1% / 33% | 0.8% / 33% | 30.84% / 5% | ✗ NOT HALAL |
| MSCI | 61.7% / 33% | 0.5% / 33% | 3.1% / 33% | 30.84% / 5% | ✗ NOT HALAL |
| S&P | 15.4% / 33% | 0.1% / 33% | 0.8% / 33% | 30.84% / 5% | ✗ NOT HALAL |
| FTSE | 61.7% / 33% | 0.5% / 33% | 3.1% / 50% | 30.84% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 8.2% | |
| Operating Margin | -116.9% | |
| Net Margin | -74.4% | |
| Return on Equity (ROE) | -18.3% | |
| Return on Assets (ROA) | -3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$7M |
| Total Debt | $31M |
| Debt-to-Equity | 3.1 |
| Current Ratio | 18.9 |
| Total Assets | $51M |
Price & Trading
| Last Close | $1.16 |
| 50-Day MA | $1.20 |
| 200-Day MA | $3.71 |
| Avg Volume | 13.7M |
| Beta | 3.0 |
|
52-Week Range
$0.74
| |
About Eightco Holdings Inc. (ORBS)
Eightco Holdings Inc. provides inventory management and corrugated custom packaging solutions in North America and Europe. It operates in two segments, Inventory Management Solutions and Corrugated Packaging. The company provides funding solutions for e-commerce businesses. It also manufactures and sells custom packaging for various products. The company was formerly known as Cryptyde, Inc. and changed its name to Eightco Holdings Inc. in April 2023. Eightco Holdings Inc. was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
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Frequently Asked Questions
Is Eightco Holdings Inc. (ORBS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eightco Holdings 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 Eightco Holdings Inc.'s debt ratio?
Eightco Holdings Inc.'s debt ratio is 15.4% 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 61.7%.
What are Eightco Holdings Inc.'s key financial metrics?
Eightco Holdings Inc. has a market capitalization of $200M, and revenue of $40M. The company maintains a gross margin of 8.2% and a net margin of -74.4%. Return on equity stands at -18.3%.
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.