Is Sky Quarry Inc. (SKYQ) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 124.5% / 30% | 4.4% / 30% | 12.8% / 30% | 2.95% / 5% | ✗ NOT HALAL |
| DJIM | 124.5% / 33% | 4.4% / 33% | 12.8% / 33% | 2.95% / 5% | ✗ NOT HALAL |
| MSCI | 40.6% / 33% | 1.4% / 33% | 4.2% / 33% | 2.95% / 5% | ✗ NOT HALAL |
| S&P | 124.5% / 33% | 4.4% / 33% | 12.8% / 33% | 2.95% / 5% | ✗ NOT HALAL |
| FTSE | 40.6% / 33% | 1.4% / 33% | 4.2% / 50% | 2.95% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -21.2% | |
| Operating Margin | -190.9% | |
| Net Margin | -82.5% | |
| Return on Equity (ROE) | -192.3% | |
| Return on Assets (ROA) | -28.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$9M |
| Total Debt | $11M |
| Debt-to-Equity | 194.4 |
| Current Ratio | 0.2 |
| Total Assets | $27M |
Price & Trading
| Last Close | $2.02 |
| 50-Day MA | $2.88 |
| 200-Day MA | $3.69 |
| Avg Volume | 925K |
|
52-Week Range
$1.66
| |
About Sky Quarry Inc. (SKYQ)
Sky Quarry Inc. operates as an oil production, refining, and development-stage environmental remediation company in the United States. The company facilitates the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. It also refines heavy crude oil to produce diesel and other petroleum products, such as paving asphalt liquids, vacuum gas oil, and naphtha. In addition, the company holds 100% interest in asphalt bitumen leases covering approximately 5,930 acres in the PR Spring region in Utah. The company was formerly known as Recoteq Inc. and changed its name to Sky Quarry Inc. in April 2020. Sky Quarry Inc. was incorporated in 2019 and is headquartered in Woods Cross, Utah.
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Frequently Asked Questions
Is Sky Quarry Inc. (SKYQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Sky Quarry 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 Sky Quarry Inc.'s debt ratio?
Sky Quarry Inc.'s debt ratio is 124.5% 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 40.6%.
What are Sky Quarry Inc.'s key financial metrics?
Sky Quarry Inc. has a market capitalization of $73M, and revenue of $23M. The company maintains a gross margin of -21.2% and a net margin of -82.5%. Return on equity stands at -192.3%.
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.