Is PEDEVCO CORP (PED) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.3% / 30% | 5.5% / 30% | 11.4% / 30% | 0.89% / 5% | ✓ HALAL |
| DJIM | 0.3% / 33% | 5.5% / 33% | 11.4% / 33% | 0.89% / 5% | ✓ HALAL |
| MSCI | 0.2% / 33% | 3.1% / 33% | 6.5% / 33% | 0.89% / 5% | ✓ HALAL |
| S&P | 0.3% / 33% | 5.5% / 33% | 11.4% / 33% | 0.89% / 5% | ✓ HALAL |
| FTSE | 0.2% / 33% | 3.1% / 33% | 6.5% / 50% | 0.89% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 63.5% | |
| Operating Margin | -12.0% | |
| Net Margin | 28.8% | |
| Return on Equity (ROE) | 8.6% | |
| Return on Assets (ROA) | -1.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $13M |
| Free Cash Flow | $13M |
| Total Debt | $228,000 |
| Debt-to-Equity | 0.2 |
| Current Ratio | 1.1 |
| Total Assets | $128M |
Price & Trading
| Last Close | $15.15 |
| 50-Day MA | $13.36 |
| 200-Day MA | $12.26 |
| Avg Volume | 27K |
| Beta | 0.4 |
|
52-Week Range
$8.64
| |
About PEDEVCO CORP (PED)
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company holds interests in the Permian Basin asset covering an area of approximately 14,550 net acres located in New Mexico. Its properties also include D-J Basin asset covering an area of approximately 14,809 net acres in Weld and Morgan Counties, Colorado; and 3,860 net acres in Laramie County, Wyoming. The company is headquartered in Houston, Texas.
Purification Calculator
As a halal stock with 0.89% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is PEDEVCO CORP (PED) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), PEDEVCO CORP 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 PEDEVCO CORP's debt ratio?
PEDEVCO CORP's debt ratio is 0.3% 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 0.2%.
Does PEDEVCO CORP require dividend purification?
Yes, PEDEVCO CORP has an impermissible income ratio of 0.89%, which means 0.89% 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 PEDEVCO CORP's key financial metrics?
PEDEVCO CORP has a market capitalization of $230M, trailing P/E ratio of 7.9, and revenue of $40M. The company maintains a gross margin of 63.5% and a net margin of 28.8%. Return on equity stands at 8.6%.
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.