Is Erayak Power Solution Group Inc. (RAYA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 741.4% / 30% | 77.0% / 30% | 1949.5% / 30% | 0.04% / 5% | ✗ NOT HALAL |
| DJIM | 741.4% / 33% | 77.0% / 33% | 1949.5% / 33% | 0.04% / 5% | ✗ NOT HALAL |
| MSCI | 11.1% / 33% | 1.2% / 33% | 29.3% / 33% | 0.04% / 5% | ✓ HALAL |
| S&P | 741.4% / 33% | 77.0% / 33% | 1949.5% / 33% | 0.04% / 5% | ✗ NOT HALAL |
| FTSE | 11.1% / 33% | 1.2% / 33% | 29.3% / 50% | 0.04% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 15.8% | |
| Operating Margin | -7.2% | |
| Net Margin | -2.1% | |
| Return on Equity (ROE) | -2.2% | |
| Return on Assets (ROA) | -1.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$16M |
| Free Cash Flow | -$16M |
| Total Debt | $5M |
| Debt-to-Equity | 50.1 |
| Current Ratio | 2.1 |
| Total Assets | $46M |
Price & Trading
| Last Close | $0.43 |
| 50-Day MA | $1.13 |
| 200-Day MA | $74.58 |
| Avg Volume | 1.0M |
| Beta | 0.6 |
|
52-Week Range
$0.31
| |
About Erayak Power Solution Group Inc. (RAYA)
Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products in China, Australia, Poland, the United Kingdom, Germany, and internationally. The company offers sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Its products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. The company also develops inverter generator platforms with integrated UPS to support AI-related energy demand. The company was incorporated in 2019 and is based in Wenzhou, the People's Republic of China.
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Frequently Asked Questions
Is Erayak Power Solution Group Inc. (RAYA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Erayak Power Solution Group 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 Erayak Power Solution Group Inc.'s debt ratio?
Erayak Power Solution Group Inc.'s debt ratio is 741.4% 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 11.1%.
What are Erayak Power Solution Group Inc.'s key financial metrics?
Erayak Power Solution Group Inc. has a market capitalization of $1M, trailing P/E ratio of 0.1, and revenue of $30M. The company maintains a gross margin of 15.8% and a net margin of -2.1%. Return on equity stands at -2.2%.
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.