Is Polar Power, Inc. (POLA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 179.4% / 30% | 12.9% / 30% | 55.8% / 30% | 1.58% / 5% | ✗ NOT HALAL |
| DJIM | 179.4% / 33% | 12.9% / 33% | 55.8% / 33% | 1.58% / 5% | ✗ NOT HALAL |
| MSCI | 39.4% / 33% | 2.8% / 33% | 12.3% / 33% | 1.58% / 5% | ✗ NOT HALAL |
| S&P | 179.4% / 33% | 12.9% / 33% | 55.8% / 33% | 1.58% / 5% | ✗ NOT HALAL |
| FTSE | 39.4% / 33% | 2.8% / 33% | 12.3% / 50% | 1.58% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -30.6% | |
| Operating Margin | -268.8% | |
| Net Margin | -104.1% | |
| Return on Equity (ROE) | -119.9% | |
| Return on Assets (ROA) | -28.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$536,000 |
| Free Cash Flow | -$555,000 |
| Total Debt | $7M |
| Debt-to-Equity | 206.9 |
| Current Ratio | 1.3 |
| Total Assets | $18M |
Price & Trading
| Last Close | $1.63 |
| 50-Day MA | $1.65 |
| 200-Day MA | $2.31 |
| Avg Volume | 2.1M |
| Beta | 1.4 |
|
52-Week Range
$1.31
| |
About Polar Power, Inc. (POLA)
Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States, Canada, Australia, the South Pacific Islands, Asia, Europe, the Middle East, the United Kingdom, and South Africa. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems that are available in diesel, natural gas, LPG/propane, and renewable fuel formats; and mobile power systems. It also provides global network management, aftermarket and service parts, and product and warranty services. The company serves telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.
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Frequently Asked Questions
Is Polar Power, Inc. (POLA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Polar Power, 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 Polar Power, Inc.'s debt ratio?
Polar Power, Inc.'s debt ratio is 179.4% 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 39.4%.
What are Polar Power, Inc.'s key financial metrics?
Polar Power, Inc. has a market capitalization of $4M, and revenue of $14M. The company maintains a gross margin of -30.6% and a net margin of -104.1%. Return on equity stands at -119.9%.
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.