Is SEQUANS COMMUNICATIONS (SQNS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 32.6% / 30% | 123.6% / 30% | 53.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 32.6% / 33% | 123.6% / 33% | 53.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 15.4% / 33% | 58.3% / 33% | 25.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 32.6% / 33% | 123.6% / 33% | 53.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 15.4% / 33% | 58.3% / 33% | 25.0% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 62.3% | |
| Operating Margin | -132.5% | |
| Net Margin | -81.6% | |
| Return on Equity (ROE) | -18.2% | |
| Return on Assets (ROA) | -6.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$20M |
| Free Cash Flow | -$39M |
| Total Debt | $16M |
| Debt-to-Equity | 53.3 |
| Current Ratio | 1.0 |
| Total Assets | $107M |
Price & Trading
| Last Close | $2.92 |
| 50-Day MA | $3.61 |
| 200-Day MA | $9.29 |
| Avg Volume | 167K |
| Beta | 0.4 |
|
52-Week Range
$2.54
| |
About SEQUANS COMMUNICATIONS (SQNS)
Sequans Communications S.A., together with its subsidiaries, engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband internet of things markets. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated system-on-chip solutions that combine various functions into a single die or package; and LTE modules. The company also provides software, including tools to enable manufacturers to integrate solutions into their devices; and design support services. It serves OEMs and ODMs customers, as well as 4G and 5G wireless carriers. The company operates in China, Taiwan, the rest of Asia, Germany, the United States, and internationally. Sequans Communications S.A. was incorporated in 2003 and is headquartered in Paris, France.
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Frequently Asked Questions
Is SEQUANS COMMUNICATIONS (SQNS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SEQUANS COMMUNICATIONS 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 SEQUANS COMMUNICATIONS's debt ratio?
SEQUANS COMMUNICATIONS's debt ratio is 32.6% 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 15.4%.
What are SEQUANS COMMUNICATIONS's key financial metrics?
SEQUANS COMMUNICATIONS has a market capitalization of $41M, trailing P/E ratio of 0.2. The company maintains a gross margin of 62.3% and a net margin of -81.6%. Return on equity stands at -18.2%.
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.