Is SAGA COMMUNICATIONS INC (SGA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.8% / 30% | 37.6% / 30% | 22.6% / 30% | 0.93% / 5% | ✗ NOT HALAL |
| DJIM | 6.8% / 33% | 37.6% / 33% | 22.6% / 33% | 0.93% / 5% | ✗ NOT HALAL |
| MSCI | 2.3% / 33% | 12.5% / 33% | 7.5% / 33% | 0.93% / 5% | ✓ HALAL |
| S&P | 6.8% / 33% | 37.6% / 33% | 22.6% / 33% | 0.93% / 5% | ✗ NOT HALAL |
| FTSE | 2.3% / 33% | 12.5% / 33% | 7.5% / 50% | 0.93% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 14.3% | |
| Operating Margin | 41.0% | |
| Net Margin | -7.4% | |
| Return on Equity (ROE) | -4.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $14M |
| Free Cash Flow | $4M |
| Total Debt | $5M |
| Debt-to-Equity | 6.3 |
| Total Assets | $222M |
Price & Trading
| Last Close | $12.00 |
| 50-Day MA | $11.50 |
| 200-Day MA | $12.14 |
| Avg Volume | 10K |
| Beta | 0.0 |
|
52-Week Range
$10.68
| |
About SAGA COMMUNICATIONS INC (SGA)
Saga Communications, Inc., a media company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk. It also owns and operates FM and AM radio stations, and metro signals serving various markets. Saga Communications, Inc. was incorporated in 1986 and is headquartered in Grosse Pointe Farms, Michigan.
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Frequently Asked Questions
Is SAGA COMMUNICATIONS INC (SGA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SAGA COMMUNICATIONS 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 SAGA COMMUNICATIONS INC's debt ratio?
SAGA COMMUNICATIONS 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 2.3%.
What are SAGA COMMUNICATIONS INC's key financial metrics?
SAGA COMMUNICATIONS INC has a market capitalization of $77M, and revenue of $113M. The company maintains a gross margin of 14.3% and a net margin of -7.4%. Return on equity stands at -4.8%.
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.