Is Red Cat Holdings, Inc. (RCAT) Halal?
Shariah Screening — 5 Standards
Based on financial data from April 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 0.3% / 30% | 0.4% / 30% | 14.42% / 5% | ✗ NOT HALAL |
| DJIM | 0.1% / 33% | 0.3% / 33% | 0.4% / 33% | 14.42% / 5% | ✗ NOT HALAL |
| MSCI | 4.7% / 33% | 12.5% / 33% | 13.4% / 33% | 14.42% / 5% | ✗ NOT HALAL |
| S&P | 0.1% / 33% | 0.3% / 33% | 0.4% / 33% | 14.42% / 5% | ✗ NOT HALAL |
| FTSE | 4.7% / 33% | 12.5% / 33% | 13.4% / 50% | 14.42% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 3.1% | |
| Operating Margin | -91.3% | |
| Net Margin | -177.0% | |
| Return on Equity (ROE) | -48.7% | |
| Return on Assets (ROA) | -25.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$18M |
| Total Debt | $2M |
| Debt-to-Equity | 7.5 |
| Current Ratio | 15.3 |
| Total Assets | $49M |
Price & Trading
| Last Close | $14.00 |
| 50-Day MA | $14.10 |
| 200-Day MA | $10.59 |
| Avg Volume | 15.8M |
| Beta | 1.4 |
|
52-Week Range
$4.60
| |
About Red Cat Holdings, Inc. (RCAT)
Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States. The company designs and manufactures small and tactical unmanned aircraft systems (UAS), such as BLACK WIDOW, a short-range reconnaissance war fighter with selectable integrated AI software capabilities; TEAL 2, a blue UAS product of defense used by combat soldiers, police officers, firefighters, wildlife managers, and industrial inspectors; and FANG, a first-person view small UAS. It also develops and produces long-endurance, vertical takeoff, and landing fixed-wing unmanned aircraft systems designed for extended-range intelligence, surveillance, and reconnaissance missions, such as THE EDGE 130. In addition, the company develops BLUE OPS, a battle-tested uncrewed surface vessel weapons system. Further, it provides FANG FPV DRONE, part of ARACHNID family of unmanned intelligence. Red Cat Holdings, Inc. is based in South Salt Lake, Utah.
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Frequently Asked Questions
Is Red Cat Holdings, Inc. (RCAT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Red Cat Holdings, 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 Red Cat Holdings, Inc.'s debt ratio?
Red Cat Holdings, Inc.'s debt ratio is 0.1% 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 4.7%.
What are Red Cat Holdings, Inc.'s key financial metrics?
Red Cat Holdings, Inc. has a market capitalization of $1.5B, and revenue of $18M. The company maintains a gross margin of 3.1% and a net margin of -177.0%. Return on equity stands at -48.7%.
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.