Is ROCKWELL MEDICAL, INC. (RMTI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 39.7% / 30% | 63.3% / 30% | 24.3% / 30% | 0.09% / 5% | ✗ NOT HALAL |
| DJIM | 39.7% / 33% | 63.3% / 33% | 24.3% / 33% | 0.09% / 5% | ✗ NOT HALAL |
| MSCI | 22.9% / 33% | 36.5% / 33% | 14.0% / 33% | 0.09% / 5% | ✗ NOT HALAL |
| S&P | 39.7% / 33% | 63.3% / 33% | 24.3% / 33% | 0.09% / 5% | ✗ NOT HALAL |
| FTSE | 22.9% / 33% | 36.5% / 33% | 14.0% / 50% | 0.09% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 16.9% | |
| Operating Margin | -2.2% | |
| Net Margin | -7.7% | |
| Return on Equity (ROE) | -15.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $4M |
| Free Cash Flow | $3M |
| Total Debt | $14M |
| Debt-to-Equity | 35.5 |
| Total Assets | $59M |
Price & Trading
| Last Close | $0.94 |
| 50-Day MA | $1.01 |
| 200-Day MA | $1.07 |
| Avg Volume | 720K |
|
52-Week Range
$0.78
| |
About ROCKWELL MEDICAL, INC. (RMTI)
Rockwell Medical, Inc., together with its subsidiaries, develops, manufactures, commercializes, and distributes various hemodialysis products for dialysis providers worldwide. The company offers citrapure citric acid concentrate, dri-sate dry acid concentrate, renalpure liquid acid concentrate, dri-sate acid concentrate mixer, renalpure acid concentrate, renalpure bicarbonate concentrate, sterilyte bicarbonate concentrate, centrisol and renasol hemodialysis concentrates, and dry acid concentrate mixer, as well as ancillary products, including 5% acetic acid, cleaner, citric acid descaler, water softener salt pellets, and other supplies used by hemodialysis providers. Its hemodialysis concentrate products are used to sustain patient's life by removing toxins and balancing electrolytes in a dialysis patient's bloodstream. In addition, the company offers dialysis concentrates, dialysis kits, and other ancillary products used in the dialysis process. The company was formerly known as Rockwell Medical Technologies, Inc. and changed its name to Rockwell Medical, Inc. in June 2012. Rockwell Medical, Inc. was incorporated in 1996 and is headquartered in Wixom, Michigan.
Related Halal Stocks in Healthcare
Frequently Asked Questions
Is ROCKWELL MEDICAL, INC. (RMTI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ROCKWELL MEDICAL, 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 ROCKWELL MEDICAL, INC.'s debt ratio?
ROCKWELL MEDICAL, INC.'s debt ratio is 39.7% 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 22.9%.
What are ROCKWELL MEDICAL, INC.'s key financial metrics?
ROCKWELL MEDICAL, INC. has a market capitalization of $34M, and revenue of $101M. The company maintains a gross margin of 16.9% and a net margin of -7.7%. Return on equity stands at -15.3%.
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.