Is Ten-League International Holdings Ltd (TLIH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 384.9% / 30% | 7.0% / 30% | 173.4% / 30% | 1.05% / 5% | ✗ NOT HALAL |
| DJIM | 384.9% / 33% | 7.0% / 33% | 173.4% / 33% | 1.05% / 5% | ✗ NOT HALAL |
| MSCI | 52.9% / 33% | 1.0% / 33% | 23.9% / 33% | 1.05% / 5% | ✗ NOT HALAL |
| S&P | 384.9% / 33% | 7.0% / 33% | 173.4% / 33% | 1.05% / 5% | ✗ NOT HALAL |
| FTSE | 52.9% / 33% | 1.0% / 33% | 23.9% / 50% | 1.05% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 21.9% | |
| Operating Margin | 7.6% | |
| Net Margin | 5.6% | |
| Return on Equity (ROE) | 53.3% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | -$8M |
| Total Debt | $38M |
| Debt-to-Equity | 381.5 |
| Current Ratio | 0.7 |
| Total Assets | $71M |
Price & Trading
| Last Close | $0.24 |
| 50-Day MA | $0.35 |
| 200-Day MA | $0.75 |
| Avg Volume | 2.2M |
|
52-Week Range
$0.23
| |
About Ten-League International Holdings Ltd (TLIH)
Ten-League International Holdings Limited, through its subsidiaries, engages in the sale and rental of new and used heavy equipment and parts in Singapore and internationally. The company also supplies foundation equipment, hoist equipment, excavation equipment, and port machinery. In addition, it offers engineering consultancy services, including equipment retrofitting, upgrading, modernization, fleet management, and other enhancement on equipment through the replacement or application of mechanical parts, sensor fusion, software, and remote-control systems to port, construction, civil engineering, and underground foundation industries. The company was founded in 1998 and is based in Singapore. Ten-League International Holdings Limited operates as a subsidiary of Ten-League Corporations Pte Ltd.
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Frequently Asked Questions
Is Ten-League International Holdings Ltd (TLIH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ten-League International Holdings 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 Ten-League International Holdings Ltd's debt ratio?
Ten-League International Holdings Ltd's debt ratio is 384.9% 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 52.9%.
What are Ten-League International Holdings Ltd's key financial metrics?
Ten-League International Holdings Ltd has a market capitalization of $7M, trailing P/E ratio of 2.4, and revenue of $58M. The company maintains a gross margin of 21.9% and a net margin of 5.6%. Return on equity stands at 53.3%.
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.