Is Telesat Corp (TSAT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 199.1% / 30% | 35.2% / 30% | 12.0% / 30% | 11.58% / 5% | ✗ NOT HALAL |
| DJIM | 199.1% / 33% | 35.2% / 33% | 12.0% / 33% | 11.58% / 5% | ✗ NOT HALAL |
| MSCI | 45.1% / 33% | 8.0% / 33% | 2.7% / 33% | 11.58% / 5% | ✗ NOT HALAL |
| S&P | 199.1% / 33% | 35.2% / 33% | 12.0% / 33% | 11.58% / 5% | ✗ NOT HALAL |
| FTSE | 45.1% / 33% | 8.0% / 33% | 2.7% / 50% | 11.58% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 50.3% | |
| Operating Margin | 6.9% | |
| Net Margin | -37.2% | |
| Return on Equity (ROE) | -24.9% | |
| Return on Assets (ROA) | 0.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $67M |
| Free Cash Flow | -$74M |
| Total Debt | $3.5B |
| Debt-to-Equity | 199.7 |
| Current Ratio | 0.3 |
| Total Assets | $6.6B |
Price & Trading
| Last Close | $38.21 |
| 50-Day MA | $32.14 |
| 200-Day MA | $27.78 |
| Avg Volume | 170K |
| Beta | 2.0 |
|
52-Week Range
$14.77
| |
About Telesat Corp (TSAT)
Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services, such as direct-to-home television, video distribution and contribution, and occasional use services; enterprise services, including telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. It also provides satellites for full-time transmission of television programming; and government services. In addition, the company offers satellite capacity and end-to-end services for data and voice transmission to telecommunications carriers and integrators; and space segment services and terrestrial facilities for enterprise connectivity, internet backhaul, and cellular backhaul, as well as rural telephony services to telecommunications carriers and network services integrators. Further, it provides direct-to-consumer broadband services; communications services to offshore, oil and gas, and mining industries; and installation and maintenance of the end user terminal, as well as the provision of satellite capacity and other network elements. Additionally, the company operates satellite and terrestrial networks that support enterprise and retail activities. It offers its services through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.
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Frequently Asked Questions
Is Telesat Corp (TSAT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Telesat 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 Telesat Corp's debt ratio?
Telesat Corp's debt ratio is 199.1% 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 45.1%.
What are Telesat Corp's key financial metrics?
Telesat Corp has a market capitalization of $1.9B, and revenue of $418M. The company maintains a gross margin of 50.3% and a net margin of -37.2%. Return on equity stands at -24.9%.
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.