Is Tenon Medical, Inc. (TNON) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.0% / 30% | 77.0% / 30% | 10.2% / 30% | 3.88% / 5% | ✗ NOT HALAL |
| DJIM | 5.0% / 33% | 77.0% / 33% | 10.2% / 33% | 3.88% / 5% | ✗ NOT HALAL |
| MSCI | 4.3% / 33% | 66.4% / 33% | 8.8% / 33% | 3.88% / 5% | ✗ NOT HALAL |
| S&P | 5.0% / 33% | 77.0% / 33% | 10.2% / 33% | 3.88% / 5% | ✗ NOT HALAL |
| FTSE | 4.3% / 33% | 66.4% / 33% | 8.8% / 50% | 3.88% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 59.8% | |
| Operating Margin | -246.1% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -228.1% | |
| Return on Assets (ROA) | -77.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$10M |
| Free Cash Flow | -$10M |
| Total Debt | $428,000 |
| Debt-to-Equity | 2.8 |
| Current Ratio | 2.1 |
| Total Assets | $10M |
Price & Trading
| Last Close | $0.73 |
| 50-Day MA | $0.82 |
| 200-Day MA | $1.07 |
| Avg Volume | 1.1M |
| Beta | 1.3 |
|
52-Week Range
$0.64
| |
About Tenon Medical, Inc. (TNON)
Tenon Medical, Inc., a medical device company, engages in the development of implant for the treatment of severe lower back pain in the United States. The company offers Catamaran SI-Joint Fusion System, an invasive approach to the sacroiliac joint (SI Joint) using a titanium implant for treatment of the most common types of SI Joint disorders that cause lower back pain. It also provides Catamaran Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, transfixing the SI Joint along its longitudinal axis. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.
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Frequently Asked Questions
Is Tenon Medical, Inc. (TNON) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Tenon Medical, 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 Tenon Medical, Inc.'s debt ratio?
Tenon Medical, Inc.'s debt ratio is 5.0% 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 4.3%.
What are Tenon Medical, Inc.'s key financial metrics?
Tenon Medical, Inc. has a market capitalization of $8M, and revenue of $3M. Return on equity stands at -228.1%.
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.