Is CleanCore Solutions, Inc. (ZONE) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 145.3% / 30% | 16.4% / 30% | 9.7% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 145.3% / 33% | 16.4% / 33% | 9.7% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 57.1% / 33% | 6.5% / 33% | 3.8% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 145.3% / 33% | 16.4% / 33% | 9.7% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 57.1% / 33% | 6.5% / 33% | 3.8% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 58.5% | |
| Operating Margin | -1938.3% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -255.4% | |
| Return on Assets (ROA) | -38.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$504,304 |
| Free Cash Flow | -$539,337 |
| Total Debt | $3M |
| Debt-to-Equity | 0.4 |
| Current Ratio | 1.5 |
| Total Assets | $6M |
Price & Trading
| Last Close | $0.37 |
| 50-Day MA | $0.34 |
| 200-Day MA | $1.72 |
| Avg Volume | 2.3M |
|
52-Week Range
$0.22
| |
About CleanCore Solutions, Inc. (ZONE)
CleanCore Solutions, Inc. engages in development and production of cleaning products that produce pure aqueous ozone for professional, industrial, and home use. Its products include fill stations, which are wall-mounted units that produce on-demand aqueous ozone and can fill up spray bottles or buckets for general cleaning; POWER CADDY, a 12-gallon tank that generates aqueous ozone and includes a high-pressure spray gun; POWER MINI CADDY, a six-gallon tank that generates aqueous ozone equipped with a spray gun and vacuum hose; ice treatment system; commercial and residential laundry; and sanitizing and disinfectant tablets under the GreenKlean brand. The company markets its products and solutions for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. The company was formerly known as CC Acquisition Corp. and changed its name to CleanCore Solutions, Inc. in November 2022. CleanCore Solutions, Inc. was incorporated in 2022 and is headquartered in Omaha, Nebraska.
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Frequently Asked Questions
Is CleanCore Solutions, Inc. (ZONE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CleanCore Solutions, 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 CleanCore Solutions, Inc.'s debt ratio?
CleanCore Solutions, Inc.'s debt ratio is 145.3% 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 57.1%.
What are CleanCore Solutions, Inc.'s key financial metrics?
CleanCore Solutions, Inc. has a market capitalization of $3M, and revenue of $3M. Return on equity stands at -255.4%.
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.