Is SolarMax Technology, Inc. (SMXT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 95.1% / 30% | 19.4% / 30% | 25.6% / 30% | 2.18% / 5% | ✗ NOT HALAL |
| DJIM | 95.1% / 33% | 19.4% / 33% | 25.6% / 33% | 2.18% / 5% | ✗ NOT HALAL |
| MSCI | 90.2% / 33% | 18.4% / 33% | 24.3% / 33% | 2.18% / 5% | ✗ NOT HALAL |
| S&P | 95.1% / 33% | 19.4% / 33% | 25.6% / 33% | 2.18% / 5% | ✗ NOT HALAL |
| FTSE | 90.2% / 33% | 18.4% / 33% | 24.3% / 50% | 2.18% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 7.7% | |
| Operating Margin | -6.9% | |
| Net Margin | -18.4% | |
| Return on Assets (ROA) | 12.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $35M |
| Current Ratio | 0.7 |
| Total Assets | $39M |
Price & Trading
| Last Close | $0.70 |
| 50-Day MA | $0.77 |
| 200-Day MA | $0.96 |
| Avg Volume | 1.2M |
| Beta | 0.8 |
|
52-Week Range
$0.61
| |
About SolarMax Technology, Inc. (SMXT)
SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar and renewable energy company in the United States. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects. It serves residential, commercial, and government customers. SolarMax Technology, Inc. was incorporated in 2008 and is based in Riverside, California.
Related Halal Stocks in Technology
Frequently Asked Questions
Is SolarMax Technology, Inc. (SMXT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SolarMax Technology, 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 SolarMax Technology, Inc.'s debt ratio?
SolarMax Technology, Inc.'s debt ratio is 95.1% 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 90.2%.
What are SolarMax Technology, Inc.'s key financial metrics?
SolarMax Technology, Inc. has a market capitalization of $37M, and revenue of $23M. The company maintains a gross margin of 7.7% and a net margin of -18.4%.
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.