Is RETRACTABLE TECHNOLOGIES INC (RVP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.9% / 30% | 213.1% / 30% | 41.9% / 30% | 3.03% / 5% | ✗ NOT HALAL |
| DJIM | 5.9% / 33% | 213.1% / 33% | 41.9% / 33% | 3.03% / 5% | ✗ NOT HALAL |
| MSCI | 0.8% / 33% | 27.7% / 33% | 5.5% / 33% | 3.03% / 5% | ✓ HALAL |
| S&P | 5.9% / 33% | 213.1% / 33% | 41.9% / 33% | 3.03% / 5% | ✗ NOT HALAL |
| FTSE | 0.8% / 33% | 27.7% / 33% | 5.5% / 50% | 3.03% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.1% | |
| Operating Margin | -71.6% | |
| Net Margin | -32.8% | |
| Return on Equity (ROE) | -15.6% | |
| Return on Assets (ROA) | -8.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$12M |
| Free Cash Flow | -$13M |
| Total Debt | $1M |
| Debt-to-Equity | 1.2 |
| Current Ratio | 6.6 |
| Total Assets | $161M |
Price & Trading
| Last Close | $0.68 |
| 50-Day MA | $0.69 |
| 200-Day MA | $0.77 |
| Avg Volume | 52K |
|
52-Week Range
$0.62
| |
About RETRACTABLE TECHNOLOGIES INC (RVP)
Retractable Technologies, Inc. designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession in the United States, rest of North and South America, and internationally. The company offers VanishPoint insulin syringes; tuberculin, insulin, and allergy antigen syringes; small diameter tube adapters; blood collection tube holders; allergy trays; IV safety catheters; Patient Safe syringes and Luer Caps; VanishPoint blood collection sets; EasyPoint needles; and VanishPoint autodisable syringes. It distributes its products through general line and specialty distributor; international distributors; and national direct marketing network. Retractable Technologies, Inc. was incorporated in 1994 and is headquartered in Little Elm, Texas.
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Frequently Asked Questions
Is RETRACTABLE TECHNOLOGIES INC (RVP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), RETRACTABLE TECHNOLOGIES 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 RETRACTABLE TECHNOLOGIES INC's debt ratio?
RETRACTABLE TECHNOLOGIES INC's debt ratio is 5.9% 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 0.8%.
What are RETRACTABLE TECHNOLOGIES INC's key financial metrics?
RETRACTABLE TECHNOLOGIES INC has a market capitalization of $20M, and revenue of $33M. The company maintains a gross margin of 0.1% and a net margin of -32.8%. Return on equity stands at -15.6%.
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.