Is OceanPal Inc. (SVRN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 41.4% / 30% | 17.7% / 30% | 1.21% / 5% | ✗ NOT HALAL |
| DJIM | 0.0% / 33% | 41.4% / 33% | 17.7% / 33% | 1.21% / 5% | ✗ NOT HALAL |
| MSCI | 0.0% / 33% | 8.0% / 33% | 3.4% / 33% | 1.21% / 5% | ✓ HALAL |
| S&P | 0.0% / 33% | 41.4% / 33% | 17.7% / 33% | 1.21% / 5% | ✗ NOT HALAL |
| FTSE | 0.0% / 33% | 8.0% / 33% | 3.4% / 50% | 1.21% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 31.2% | |
| Operating Margin | -269.2% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -54.1% | |
| Return on Assets (ROA) | -14.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$22M |
| Current Ratio | 13.3 |
| Total Assets | $89M |
Price & Trading
| Last Close | $0.31 |
| 50-Day MA | $12.03 |
| 200-Day MA | $111.57 |
| Avg Volume | 4.6M |
|
52-Week Range
$0.24
| |
About OceanPal Inc. (SVRN)
OceanPal Inc. provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including steel products, cement, and fertilizers. As of December 31, 2023, the company's fleet consists of three Panamax dry bulk carriers with a total cargo carrying capacity of approximately 223,546 dwt; and one MR2 product tanker vessel with a carrying capacity of 49,999 dwt. OceanPal Inc. was incorporated in 2021 and is based in Athens, Greece.
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Frequently Asked Questions
Is OceanPal Inc. (SVRN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), OceanPal 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 OceanPal Inc.'s debt ratio?
OceanPal Inc.'s debt ratio is 0.0% 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 0.0%.
What are OceanPal Inc.'s key financial metrics?
OceanPal Inc. has a market capitalization of $600,425, and revenue of $26M. Return on equity stands at -54.1%.
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.