Is Algorhythm Holdings, Inc. (RIME) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.8% / 30% | 78.5% / 30% | 55.0% / 30% | 13.87% / 5% | ✗ NOT HALAL |
| DJIM | 6.8% / 33% | 78.5% / 33% | 55.0% / 33% | 13.87% / 5% | ✗ NOT HALAL |
| MSCI | 3.6% / 33% | 41.3% / 33% | 28.9% / 33% | 13.87% / 5% | ✗ NOT HALAL |
| S&P | 6.8% / 33% | 78.5% / 33% | 55.0% / 33% | 13.87% / 5% | ✗ NOT HALAL |
| FTSE | 3.6% / 33% | 41.3% / 33% | 28.9% / 50% | 13.87% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 15.6% | |
| Operating Margin | -89.7% | |
| Net Margin | -108.8% | |
| Return on Equity (ROE) | -2246.6% | |
| Return on Assets (ROA) | -46.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $650,000 |
| Debt-to-Equity | 6811.0 |
| Current Ratio | 0.5 |
| Total Assets | $18M |
Price & Trading
| Last Close | $1.14 |
| 50-Day MA | $1.43 |
| 200-Day MA | $1.92 |
| Avg Volume | 7.9M |
| Beta | -0.4 |
|
52-Week Range
$0.73
| |
About Algorhythm Holdings, Inc. (RIME)
Algorhythm Holdings, Inc., together with its subsidiaries, operates as an AI technology and consumer electronics holding company. It operates SemiCab, an artificial intelligence (AI) enabled software logistics business. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. It uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. The company was formerly known as The Singing Machine Company, Inc. and changed its name to Algorhythm Holdings, Inc. in September 2024. Algorhythm Holdings, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.
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Frequently Asked Questions
Is Algorhythm Holdings, Inc. (RIME) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Algorhythm 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 Algorhythm Holdings, Inc.'s debt ratio?
Algorhythm Holdings, Inc.'s debt ratio is 6.8% 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 3.6%.
What are Algorhythm Holdings, Inc.'s key financial metrics?
Algorhythm Holdings, Inc. has a market capitalization of $6M, and revenue of $23M. The company maintains a gross margin of 15.6% and a net margin of -108.8%. Return on equity stands at -2246.6%.
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.