Is Sharps Technology Inc. (STSS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.3% / 30% | 1.7% / 30% | 0.2% / 30% | N/A | ✓ HALAL |
| DJIM | 7.3% / 33% | 1.7% / 33% | 0.2% / 33% | N/A | ✓ HALAL |
| MSCI | 51.5% / 33% | 11.8% / 33% | 1.4% / 33% | N/A | ✗ NOT HALAL |
| S&P | 7.3% / 33% | 1.7% / 33% | 0.2% / 33% | N/A | ✓ HALAL |
| FTSE | 51.5% / 33% | 11.8% / 33% | 1.4% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | -131347.6% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -47.5% | |
| Return on Assets (ROA) | -32.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$7M |
| Total Debt | $4M |
| Debt-to-Equity | 1.8 |
| Current Ratio | 3.7 |
| Total Assets | $7M |
Price & Trading
| Last Close | $1.67 |
| 50-Day MA | $1.87 |
| 200-Day MA | $4.46 |
| Avg Volume | 596K |
| Beta | 2.2 |
|
52-Week Range
$1.42
| |
About Sharps Technology Inc. (STSS)
Sharps Technology, Inc., a medical device and pharmaceutical packaging company, provides smart-safety syringe products to the healthcare industry. Its product lines focus on providing waste capabilities that incorporate syringe technologies. The company, through a digital asset treasury strategy, focuses on accumulating Solana (SOL), the native digital asset of the Solana blockchain. The company was incorporated in 2017 and is based in Melville, New York.
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Frequently Asked Questions
Is Sharps Technology Inc. (STSS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Sharps Technology Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Sharps Technology Inc.'s debt ratio?
Sharps Technology Inc.'s debt ratio is 7.3% 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 51.5%.
What are Sharps Technology Inc.'s key financial metrics?
Sharps Technology Inc. has a market capitalization of $46M. Return on equity stands at -47.5%.
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.