Is Heramba Electric plc (PITEF) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 981.7% / 30% | 215.1% / 30% | 0.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 981.7% / 33% | 215.1% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 182.2% / 33% | 39.9% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 981.7% / 33% | 215.1% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 182.2% / 33% | 39.9% / 33% | 0.0% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$2M |
| Total Debt | $5M |
| Current Ratio | 0.5 |
| Total Assets | $3M |
Price & Trading
| Last Close | $0.02 |
| 50-Day MA | $0.03 |
| 200-Day MA | $0.04 |
| Avg Volume | 4K |
| Beta | 1.1 |
|
52-Week Range
$0.01
| |
About Heramba Electric plc (PITEF)
Heramba Electric plc, through its subsidiary, Kiepe Electric GmbH, provides systems and components for the electrification of rail vehicles and buses. It also offers charging infrastructure solutions for e-buses. The company is based in Düsseldorf, Germany.
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Frequently Asked Questions
Is Heramba Electric plc (PITEF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Heramba Electric plc 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 Heramba Electric plc's debt ratio?
Heramba Electric plc's debt ratio is 981.7% 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 182.2%.
What are Heramba Electric plc's key financial metrics?
Heramba Electric plc has a market capitalization of $475,494.
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.