Is Summit Midstream Corp (SMC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 256.3% / 30% | 5.9% / 30% | 19.9% / 30% | 21.3% / 5% | ✗ NOT HALAL |
| DJIM | 256.3% / 33% | 5.9% / 33% | 19.9% / 33% | 21.3% / 5% | ✗ NOT HALAL |
| MSCI | 42.1% / 33% | 1.0% / 33% | 3.3% / 33% | 21.3% / 5% | ✗ NOT HALAL |
| S&P | 256.3% / 33% | 5.9% / 33% | 19.9% / 33% | 21.3% / 5% | ✗ NOT HALAL |
| FTSE | 42.1% / 33% | 1.0% / 33% | 3.3% / 50% | 21.3% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 47.0% | |
| Operating Margin | 13.1% | |
| Net Margin | -3.5% | |
| Return on Equity (ROE) | -2.8% | |
| Return on Assets (ROA) | 2.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $62M |
| Free Cash Flow | $8M |
| Total Debt | $994M |
| Debt-to-Equity | 96.8 |
| Current Ratio | 0.5 |
| Total Assets | $2.4B |
Price & Trading
| Last Close | $32.63 |
| 50-Day MA | $29.60 |
| 200-Day MA | $25.30 |
| Avg Volume | 57K |
| Beta | 0.9 |
|
52-Week Range
$19.13
| |
About Summit Midstream Corp (SMC)
Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments. The company owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2009 and is based in Houston, Texas.
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Frequently Asked Questions
Is Summit Midstream Corp (SMC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Summit Midstream 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 Summit Midstream Corp's debt ratio?
Summit Midstream Corp's debt ratio is 256.3% 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 42.1%.
What are Summit Midstream Corp's key financial metrics?
Summit Midstream Corp has a market capitalization of $387M, and revenue of $430M. The company maintains a gross margin of 47.0% and a net margin of -3.5%. Return on equity stands at -2.8%.
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.