Is Planet Green Holdings Corp. (PLAG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.4% / 30% | 0.7% / 30% | 15.5% / 30% | 0.01% / 5% | ✓ HALAL |
| DJIM | 7.4% / 33% | 0.7% / 33% | 15.5% / 33% | 0.01% / 5% | ✓ HALAL |
| MSCI | 8.1% / 33% | 0.8% / 33% | 16.8% / 33% | 0.01% / 5% | ✓ HALAL |
| S&P | 7.4% / 33% | 0.7% / 33% | 15.5% / 33% | 0.01% / 5% | ✓ HALAL |
| FTSE | 8.1% / 33% | 0.8% / 33% | 16.8% / 50% | 0.01% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 7.4% | |
| Operating Margin | -435.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -141.3% | |
| Return on Assets (ROA) | -22.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $928,644 |
| Free Cash Flow | $921,138 |
| Total Debt | $2M |
| Current Ratio | 0.6 |
| Total Assets | $25M |
Price & Trading
| Last Close | $1.64 |
| 50-Day MA | $2.67 |
| 200-Day MA | $2.06 |
| Avg Volume | 161K |
| Beta | 0.9 |
|
52-Week Range
$0.47
| |
About Planet Green Holdings Corp. (PLAG)
Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of cyan brick, black, and green tea products in the People's Republic of China, Hong Kong, and Canada. It imports and distributes beef and mutton products; produces and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and manufactures and sells synthetic fuel products, vehicles gasoline, and diesel products, as well as offers industrial formaldehyde solutions, urea-formaldehyde pre-condensate, methylal, urea-formaldehyde glue for environment-friendly artificial board chemicals. The company also provides explosion-proof skid-mounted refueling devices and SF double-layer buried oil storage tank products; and food products comprising frozen fruits and vegetables. In addition, it operates a demand-side platform that allows buyers of digital advertising inventory to manage multiple advertisement exchange and data exchange. The company was formerly known as American Lorain Corporation and changed its name to Planet Green Holdings Corp. in September 2018. Planet Green Holdings Corp. was founded in 1986 and is headquartered in Flushing, New York.
Purification Calculator
As a halal stock with 0.01% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Planet Green Holdings Corp. (PLAG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Planet Green Holdings 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 Planet Green Holdings Corp.'s debt ratio?
Planet Green Holdings Corp.'s debt ratio is 7.4% 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 8.1%.
Does Planet Green Holdings Corp. require dividend purification?
Yes, Planet Green Holdings Corp. has an impermissible income ratio of 0.01%, which means 0.01% 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 Planet Green Holdings Corp.'s key financial metrics?
Planet Green Holdings Corp. has a market capitalization of $23M, and revenue of $7M. Return on equity stands at -141.3%.
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.