Is Xos, Inc. (XOS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 178.1% / 30% | 45.5% / 30% | 121.1% / 30% | 7.59% / 5% | ✗ NOT HALAL |
| DJIM | 178.1% / 33% | 45.5% / 33% | 121.1% / 33% | 7.59% / 5% | ✗ NOT HALAL |
| MSCI | 43.7% / 33% | 11.2% / 33% | 29.7% / 33% | 7.59% / 5% | ✗ NOT HALAL |
| S&P | 178.1% / 33% | 45.5% / 33% | 121.1% / 33% | 7.59% / 5% | ✗ NOT HALAL |
| FTSE | 43.7% / 33% | 11.2% / 33% | 29.7% / 50% | 7.59% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 5.9% | |
| Operating Margin | -186.6% | |
| Net Margin | -55.1% | |
| Return on Equity (ROE) | -89.0% | |
| Return on Assets (ROA) | -26.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$49M |
| Free Cash Flow | -$49M |
| Total Debt | $43M |
| Debt-to-Equity | 79.4 |
| Current Ratio | 2.1 |
| Total Assets | $98M |
Price & Trading
| Last Close | $2.05 |
| 50-Day MA | $2.20 |
| 200-Day MA | $2.60 |
| Avg Volume | 40K |
| Beta | 1.7 |
|
52-Week Range
$1.63
| |
About Xos, Inc. (XOS)
Xos, Inc. designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks, as well as engages in the Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles. In addition, the company offers energy solutions, a comprehensive charging infrastructure business that offers mobile and stationary multi-application chargers, mobile energy storage, and turnkey energy infrastructure services to accelerate client transitions to electric fleets; Xos Hub, a rapid-deployment mobile charger designed to expedite fleet transitions to electric vehicles; and Xosphere, a platform that interconnects vehicle, maintenance, charging, and service data to improve overall customer experience. Further, it offers, X-Platform, a high-voltage architecture with a focus on the medium-duty commercial vehicle segment and commercial fleet operations, and foundation of Xos vehicle products; and vehicle control software, which include powertrain controls, body controls, and instrument cluster and infotainment and Xosphere software. Xos, Inc. was founded in 2016 and is headquartered in Los Angeles, California.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is Xos, Inc. (XOS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Xos, 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 Xos, Inc.'s debt ratio?
Xos, Inc.'s debt ratio is 178.1% 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 43.7%.
What are Xos, Inc.'s key financial metrics?
Xos, Inc. has a market capitalization of $19M, and revenue of $56M. The company maintains a gross margin of 5.9% and a net margin of -55.1%. Return on equity stands at -89.0%.
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.