Is TORO CORP. (TORO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 34.3% / 30% | 15.5% / 30% | 38.93% / 5% | ✗ NOT HALAL |
| DJIM | 0.0% / 33% | 34.3% / 33% | 15.5% / 33% | 38.93% / 5% | ✗ NOT HALAL |
| MSCI | 0.0% / 33% | 11.5% / 33% | 5.2% / 33% | 38.93% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 34.3% / 33% | 15.5% / 33% | 38.93% / 5% | ✗ NOT HALAL |
| FTSE | 0.0% / 33% | 11.5% / 33% | 5.2% / 50% | 38.93% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 48.3% | |
| Operating Margin | -17.5% | |
| Net Margin | 26.1% | |
| Return on Equity (ROE) | 1.6% | |
| Return on Assets (ROA) | -1.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15M |
| Free Cash Flow | $14M |
| Current Ratio | 5.9 |
| Total Assets | $326M |
Price & Trading
| Last Close | $3.74 |
| 50-Day MA | $3.79 |
| 200-Day MA | $3.65 |
| Avg Volume | 75K |
| Beta | 1.3 |
|
52-Week Range
$1.70
| |
About TORO CORP. (TORO)
Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing LPG carrier vessels worldwide. It operates through Handysize Tanker and LPG Carrier segments. The company also provides energy seaborne transportation services for LPG. As of December 31, 2024, it operated through a fleet of four LPG carrier vessels and one Handysize tanker vessel with an aggregate cargo carrying capacity of 0.02 million deadweight tonnage. The company was incorporated in 2022 and is based in Limassol, Cyprus.
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Frequently Asked Questions
Is TORO CORP. (TORO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TORO CORP. 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 TORO CORP.'s debt ratio?
TORO CORP.'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 TORO CORP.'s key financial metrics?
TORO CORP. has a market capitalization of $104M, and revenue of $22M. The company maintains a gross margin of 48.3% and a net margin of 26.1%. Return on equity stands at 1.6%.
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.