Is Seanergy Maritime Holdings Corp. (SHIP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 92.0% / 30% | 7.8% / 30% | 2.7% / 30% | 1.25% / 5% | ✗ NOT HALAL |
| DJIM | 92.0% / 33% | 7.8% / 33% | 2.7% / 33% | 1.25% / 5% | ✗ NOT HALAL |
| MSCI | 47.2% / 33% | 4.0% / 33% | 1.4% / 33% | 1.25% / 5% | ✗ NOT HALAL |
| S&P | 92.0% / 33% | 7.8% / 33% | 2.7% / 33% | 1.25% / 5% | ✗ NOT HALAL |
| FTSE | 47.2% / 33% | 4.0% / 33% | 1.4% / 50% | 1.25% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 62.5% | |
| Operating Margin | 37.5% | |
| Net Margin | 13.4% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 4.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $75M |
| Free Cash Flow | $927,000 |
| Total Debt | $258M |
| Debt-to-Equity | 103.1 |
| Total Assets | $546M |
Price & Trading
| Last Close | $12.20 |
| 50-Day MA | $12.12 |
| 200-Day MA | $9.22 |
| Avg Volume | 244K |
| Beta | 0.9 |
|
52-Week Range
$4.78
| |
About Seanergy Maritime Holdings Corp. (SHIP)
Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates 18 Capesize and 2 Newcastlemax dry bulk vessels with a cargo-carrying capacity of approximately 3,633,861 deadweight tons. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.
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Frequently Asked Questions
Is Seanergy Maritime Holdings Corp. (SHIP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Seanergy Maritime Holdings Corp. 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 Seanergy Maritime Holdings Corp.'s debt ratio?
Seanergy Maritime Holdings Corp.'s debt ratio is 92.0% 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 47.2%.
What are Seanergy Maritime Holdings Corp.'s key financial metrics?
Seanergy Maritime Holdings Corp. has a market capitalization of $254M, trailing P/E ratio of 11.9, and revenue of $167M. The company maintains a gross margin of 62.5% and a net margin of 13.4%. Return on equity stands at 7.8%.
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.