Is Workhorse Group Inc. (WKHS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 53.9% / 30% | 13.6% / 30% | 3.6% / 30% | 87.34% / 5% | ✗ NOT HALAL |
| DJIM | 53.9% / 33% | 13.6% / 33% | 3.6% / 33% | 87.34% / 5% | ✗ NOT HALAL |
| MSCI | 17.4% / 33% | 4.4% / 33% | 1.2% / 33% | 87.34% / 5% | ✗ NOT HALAL |
| S&P | 53.9% / 33% | 13.6% / 33% | 3.6% / 33% | 87.34% / 5% | ✗ NOT HALAL |
| FTSE | 17.4% / 33% | 4.4% / 33% | 1.2% / 50% | 87.34% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -39.6% | |
| Operating Margin | -96.6% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -33.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$48M |
| Free Cash Flow | -$52M |
| Total Debt | $16M |
| Current Ratio | 0.3 |
| Total Assets | $94M |
Price & Trading
| Last Close | $3.09 |
| 50-Day MA | $3.92 |
| 200-Day MA | $11.50 |
| Avg Volume | 105K |
|
52-Week Range
$2.73
| |
About Workhorse Group Inc. (WKHS)
Workhorse Group, Inc. designs and manufactures electric trucks and related fleet charging solutions. The company provides electric trucks for medium-duty fleet applications, including the Argo electric truck and Argo chassis, which integrate proprietary battery, drivetrain, and cab systems. It offers the Argo LFP battery with control signals, multiple pack configurations, and a range suitable for maximum gross vehicle weight, as well as six-phase motors and drivetrain systems that deliver torque and acceleration comparable to traditional engines. Solutions include real-time control software for power management, over-the-air updates, remote diagnostics, and tuning tools to enhance fleet uptime and performance. The company supplies fleet charging solutions, supports customized body builders with various charge port locations and high-voltage accessories, and incorporates safety and ergonomic features for drivers. Additional services include ongoing support for electrification, remote monitoring, and assistance with vehicle integration and fleet management, serving fleet operators and industries with specialized commercial vehicle requirements. The company was founded in 2009 and is based in Foster City, California.
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Frequently Asked Questions
Is Workhorse Group Inc. (WKHS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Workhorse Group 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 Workhorse Group Inc.'s debt ratio?
Workhorse Group Inc.'s debt ratio is 53.9% 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 17.4%.
What are Workhorse Group Inc.'s key financial metrics?
Workhorse Group Inc. has a market capitalization of $24M, trailing P/E ratio of 0.0, and revenue of $7M.
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.