Is X3 Holdings Co., Ltd. (XTKG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 450.8% / 30% | 166.0% / 30% | 772.9% / 30% | 560.13% / 5% | ✗ NOT HALAL |
| DJIM | 450.8% / 33% | 166.0% / 33% | 772.9% / 33% | 560.13% / 5% | ✗ NOT HALAL |
| MSCI | 13.2% / 33% | 4.9% / 33% | 22.6% / 33% | 560.13% / 5% | ✗ NOT HALAL |
| S&P | 450.8% / 33% | 166.0% / 33% | 772.9% / 33% | 560.13% / 5% | ✗ NOT HALAL |
| FTSE | 13.2% / 33% | 4.9% / 33% | 22.6% / 50% | 560.13% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 39.3% | |
| Operating Margin | -190.1% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -97.4% | |
| Return on Assets (ROA) | -6.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$992,440 |
| Free Cash Flow | -$3M |
| Total Debt | $11M |
| Debt-to-Equity | 8.8 |
| Current Ratio | 0.9 |
| Total Assets | $86M |
Price & Trading
| Last Close | $1.08 |
| 50-Day MA | $4.02 |
| 200-Day MA | $219.95 |
| Avg Volume | 1.1M |
| Beta | 1.8 |
|
52-Week Range
$1.03
| |
About X3 Holdings Co., Ltd. (XTKG)
X3 Holdings Co., Ltd., through its subsidiaries, provides software application and technology services to corporate and government customers in the People's Republic of China. The company offers global digital trade platforms and services that provides cross-border trades, logistics and shipping, customs clearance, and transactions and settlements; trade zone operations solutions that enable supply chain transparency, customs clearance, import and export process, and increased international trade volume for the regulated trade zones; global trade supply chain and compliance platform which facilitate streamlined documentation process and integrated data sharing relating to customs, tax, logistics and shipping, and collaboration among customers' subsidiaries and operations; and international trading of select products by using data from its own global trade platforms and market analysis on trade composition, trade logistics, and market trends and development. It is also involved in cryptomining business and operations; development of bitcoin mining operations and facilities powered by renewable energy sources from solar energy, wind power and hydroelectric power; and cryptomining and agribusiness. In addition, the company engages in renewable energy business, integrated operations models, electric vehicles and agriculture equipment, and solar power projects. Further, it offers smart agritech platform and services for monitoring and managing crops and livestock farming, big data, artificial intelligence, and IoT technologies to provide data analysis and decision-making tools; integrated solutions for greenhouse development and operations for crop yield, water and fertilizer used, food safety, and sustainability with solar power. The company was formerly known as Powerbridge Technologies Co., Ltd. and changed its name to X3 Holdings Co., Ltd. in January 2024. X3 Holdings Co Ltd. was founded in 1997 and is headquartered in Singapore.
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Frequently Asked Questions
Is X3 Holdings Co., Ltd. (XTKG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), X3 Holdings Co., 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 X3 Holdings Co., Ltd.'s debt ratio?
X3 Holdings Co., Ltd.'s debt ratio is 450.8% 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 13.2%.
What are X3 Holdings Co., Ltd.'s key financial metrics?
X3 Holdings Co., Ltd. has a market capitalization of $2M, and revenue of $12M. Return on equity stands at -97.4%.
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.