Is Origin Materials, Inc. (ORGNW) 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 | 2.6% / 33% | 27.2% / 33% | 5.7% / 33% | 41.69% / 5% | ✗ NOT HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 2.6% / 33% | 27.2% / 33% | 5.7% / 50% | 41.69% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 1.8% | |
| Operating Margin | -359.1% | |
| Net Margin | -275.0% | |
| Return on Equity (ROE) | -21.1% | |
| Return on Assets (ROA) | -11.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$51M |
| Free Cash Flow | -$60M |
| Total Debt | $10M |
| Debt-to-Equity | 1.9 |
| Current Ratio | 6.3 |
| Total Assets | $378M |
Price & Trading
| Last Close | $0.00 |
| Beta | 1.0 |
|
52-Week Range
$0.00
| |
About Origin Materials, Inc. (ORGNW)
Origin Materials, Inc., together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products. The company was formerly known as Micromidas, Inc. and changed its name to Origin Materials, Inc. in June 2021. Origin Materials, Inc. was incorporated in 2021 and is based in West Sacramento, California.
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Frequently Asked Questions
Is Origin Materials, Inc. (ORGNW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Origin Materials, 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 Origin Materials, Inc.'s debt ratio?
Origin Materials, Inc.'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 2.6%.
What are Origin Materials, Inc.'s key financial metrics?
Origin Materials, Inc. has a market capitalization of N/A, and revenue of $31M. The company maintains a gross margin of 1.8% and a net margin of -275.0%. Return on equity stands at -21.1%.
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.