Is Worksport Ltd (WKSP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 42.4% / 30% | 36.9% / 30% | 1.6% / 30% | 0.44% / 5% | ✗ NOT HALAL |
| DJIM | 42.4% / 33% | 36.9% / 33% | 1.6% / 33% | 0.44% / 5% | ✗ NOT HALAL |
| MSCI | 21.8% / 33% | 19.0% / 33% | 0.8% / 33% | 0.44% / 5% | ✓ HALAL |
| S&P | 42.4% / 33% | 36.9% / 33% | 1.6% / 33% | 0.44% / 5% | ✗ NOT HALAL |
| FTSE | 21.8% / 33% | 19.0% / 33% | 0.8% / 50% | 0.44% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 23.6% | |
| Operating Margin | -95.6% | |
| Net Margin | -122.0% | |
| Return on Equity (ROE) | -96.4% | |
| Return on Assets (ROA) | -40.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$10M |
| Free Cash Flow | -$11M |
| Total Debt | $6M |
| Debt-to-Equity | 15.6 |
| Current Ratio | 2.0 |
| Total Assets | $26M |
Price & Trading
| Last Close | $1.33 |
| 50-Day MA | $1.56 |
| 200-Day MA | $2.69 |
| Avg Volume | 266K |
| Beta | 0.1 |
|
52-Week Range
$0.90
| |
About Worksport Ltd (WKSP)
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company is based in West Seneca, New York.
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Frequently Asked Questions
Is Worksport Ltd (WKSP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Worksport Ltd 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 Worksport Ltd's debt ratio?
Worksport Ltd's debt ratio is 42.4% 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 21.8%.
What are Worksport Ltd's key financial metrics?
Worksport Ltd has a market capitalization of $12M, and revenue of $8M. The company maintains a gross margin of 23.6% and a net margin of -122.0%. Return on equity stands at -96.4%.
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.