Is Token Cat Ltd (TC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 223.7% / 30% | 29.1% / 30% | 54.7% / 30% | 205.59% / 5% | ✗ NOT HALAL |
| DJIM | 223.7% / 33% | 29.1% / 33% | 54.7% / 33% | 205.59% / 5% | ✗ NOT HALAL |
| MSCI | 109.8% / 33% | 14.3% / 33% | 26.8% / 33% | 205.59% / 5% | ✗ NOT HALAL |
| S&P | 223.7% / 33% | 29.1% / 33% | 54.7% / 33% | 205.59% / 5% | ✗ NOT HALAL |
| FTSE | 109.8% / 33% | 14.3% / 33% | 26.8% / 50% | 205.59% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 73.3% | |
| Operating Margin | -207.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -1085.3% | |
| Return on Assets (ROA) | -33.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$35M |
| Free Cash Flow | -$35M |
| Total Debt | $48M |
| Debt-to-Equity | 126.4 |
| Current Ratio | 1.5 |
| Total Assets | $44M |
Price & Trading
| Last Close | $10.23 |
| 50-Day MA | $11.10 |
| 200-Day MA | $13.50 |
| Avg Volume | 18K |
| Beta | 0.8 |
|
52-Week Range
$6.50
| |
About Token Cat Ltd (TC)
Token Cat Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in the People's Republic of China. The company organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, including automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. It also offers business and technical support, and consulting services; subscription and support services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a software as a service product; and referral services for commercial bank to enhance its auto loan business. The company was formerly known as TuanChe Limited and changed its name to Token Cat Limited in February 2025. Token Cat Limited was founded in 2010 and is headquartered in Beijing, China.
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Frequently Asked Questions
Is Token Cat Ltd (TC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Token Cat Ltd 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 Token Cat Ltd's debt ratio?
Token Cat Ltd's debt ratio is 223.7% 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 109.8%.
What are Token Cat Ltd's key financial metrics?
Token Cat Ltd has a market capitalization of $20M, and revenue of $49M. Return on equity stands at -1085.3%.
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.