Is Wellgistics Health, Inc. (WGRX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 148.7% / 30% | 6.1% / 30% | 22.2% / 30% | 0.66% / 5% | ✗ NOT HALAL |
| DJIM | 148.7% / 33% | 6.1% / 33% | 22.2% / 33% | 0.66% / 5% | ✗ NOT HALAL |
| MSCI | 43.8% / 33% | 1.8% / 33% | 6.5% / 33% | 0.66% / 5% | ✗ NOT HALAL |
| S&P | 148.7% / 33% | 6.1% / 33% | 22.2% / 33% | 0.66% / 5% | ✗ NOT HALAL |
| FTSE | 43.8% / 33% | 1.8% / 33% | 6.5% / 50% | 0.66% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -27.5% | |
| Operating Margin | -766.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -115.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$2M |
| Total Debt | $25M |
| Current Ratio | 0.1 |
| Total Assets | $57M |
Price & Trading
| Last Close | $0.11 |
| 50-Day MA | $0.26 |
| 200-Day MA | $0.68 |
| Avg Volume | 2.3M |
|
52-Week Range
$0.10
| |
About Wellgistics Health, Inc. (WGRX)
Wellgistics Health, Inc. engages in the wholesale and distribution of pharmaceutical products to pharmaceutical manufacturers and independent retail pharmacies in the United States. The company distributes branded and generic pharmaceuticals, as well as over-the-counter healthcare and consumer products. It also offers third-party logistics services that include warehousing, inventory management, pick and pack, and shipping to small and mid-size pharmaceutical manufacturers. It also operates DelivMeds platform that serves as a pharmaceutical hub to facilitate the transfer of prescriptions and provide backend clinical concierge services to a network of independent pharmacies; and operates a retail community specialty. The company was formerly known as Danam Health, Inc. and changed its name to Wellgistics Health, Inc. in October 2024. Wellgistics Health, Inc. was incorporated in 2022 and is based in Tampa, Florida.
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Frequently Asked Questions
Is Wellgistics Health, Inc. (WGRX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Wellgistics Health, 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 Wellgistics Health, Inc.'s debt ratio?
Wellgistics Health, Inc.'s debt ratio is 148.7% 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 43.8%.
What are Wellgistics Health, Inc.'s key financial metrics?
Wellgistics Health, Inc. has a market capitalization of $11M, and revenue of $18M.
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.