Is Titan Environmental Solutions Inc. (TESI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1845.2% / 30% | 0.3% / 30% | 168.7% / 30% | 2.7% / 5% | ✗ NOT HALAL |
| DJIM | 1845.2% / 33% | 0.3% / 33% | 168.7% / 33% | 2.7% / 5% | ✗ NOT HALAL |
| MSCI | 57.5% / 33% | 0.0% / 33% | 5.3% / 33% | 2.7% / 5% | ✗ NOT HALAL |
| S&P | 1845.2% / 33% | 0.3% / 33% | 168.7% / 33% | 2.7% / 5% | ✗ NOT HALAL |
| FTSE | 57.5% / 33% | 0.0% / 33% | 5.3% / 50% | 2.7% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 4.2% | |
| Operating Margin | -114.0% | |
| Net Margin | -242.9% | |
| Return on Assets (ROA) | -15.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$13M |
| Free Cash Flow | -$14M |
| Total Debt | $16M |
| Current Ratio | 0.1 |
| Total Assets | $28M |
Price & Trading
| Last Close | $0.02 |
| 50-Day MA | $0.02 |
| 200-Day MA | $0.11 |
| Avg Volume | 0 |
| Beta | -9.1 |
|
52-Week Range
$0.00
| |
About Titan Environmental Solutions Inc. (TESI)
Titan Environmental Solutions Inc., together with its subsidiaries, provides non-hazardous solid waste and recycling collection, transportation, and disposal services in the United States. The company offers collection services, such as picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility or disposal site; and transportation and disposal services. It also offers recycling services comprising separation of reusable materials from the waste stream for processing and resale or other disposition. The company was formerly known as TraQiQ, Inc. and changed its name to Titan Environmental Solutions Inc. in January 2024. Titan Environmental Solutions Inc. was founded in 2017 and is headquartered in Detroit, Michigan.
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Frequently Asked Questions
Is Titan Environmental Solutions Inc. (TESI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Titan Environmental Solutions 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 Titan Environmental Solutions Inc.'s debt ratio?
Titan Environmental Solutions Inc.'s debt ratio is 1845.2% 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 57.5%.
What are Titan Environmental Solutions Inc.'s key financial metrics?
Titan Environmental Solutions Inc. has a market capitalization of $866,204, and revenue of $10M. The company maintains a gross margin of 4.2% and a net margin of -242.9%.
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.