Is SYNCHRONOSS TECHNOLOGIES INC (SNCR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 203.0% / 30% | 32.2% / 30% | 17.5% / 30% | 0.47% / 5% | ✗ NOT HALAL |
| DJIM | 203.0% / 33% | 32.2% / 33% | 17.5% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| MSCI | 71.5% / 33% | 11.4% / 33% | 6.2% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| S&P | 203.0% / 33% | 32.2% / 33% | 17.5% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| FTSE | 71.5% / 33% | 11.4% / 33% | 6.2% / 50% | 0.47% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 79.1% | |
| Operating Margin | 14.0% | |
| Net Margin | -5.7% | |
| Return on Equity (ROE) | -18.8% | |
| Return on Assets (ROA) | 6.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $28M |
| Free Cash Flow | $13M |
| Total Debt | $210M |
| Debt-to-Equity | 326.5 |
| Current Ratio | 1.5 |
| Total Assets | $294M |
Price & Trading
| Last Close | $0.00 |
| 50-Day MA | $8.61 |
| 200-Day MA | $7.01 |
| Avg Volume | 225K |
| Beta | 1.4 |
|
52-Week Range
$3.98
| |
About SYNCHRONOSS TECHNOLOGIES INC (SNCR)
Synchronoss Technologies, Inc. provides white label cloud software and services in North America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content. It also offers professional services, such as consulting, installation and deployment, configuration, customization, systems integration, and support services. The company serves telecom, insurance, and retail sectors. The company markets and sells its services through direct sales force and strategic partners. Synchronoss Technologies, Inc. was incorporated in 2000 and is headquartered in Bridgewater, New Jersey. Synchronoss Technologies, Inc. operates as a subsidiary of Lumine Group Inc.
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Frequently Asked Questions
Is SYNCHRONOSS TECHNOLOGIES INC (SNCR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SYNCHRONOSS TECHNOLOGIES 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 SYNCHRONOSS TECHNOLOGIES INC's debt ratio?
SYNCHRONOSS TECHNOLOGIES INC's debt ratio is 203.0% 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 71.5%.
What are SYNCHRONOSS TECHNOLOGIES INC's key financial metrics?
SYNCHRONOSS TECHNOLOGIES INC has a market capitalization of $104M, and revenue of $174M. The company maintains a gross margin of 79.1% and a net margin of -5.7%. Return on equity stands at -18.8%.
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.