Is Quantumscape stock halal to invest in?

Company Name
Company Symbol
Exchange
Quantumscape
QS
NYSE
QS
Halal
Quantumscape
NYSE

Warning: The result may change based on other methodologies. As of the recent update on Wednesday 24th of April 2024 , is considered as Halal based on FTSE methodology. To access full report and unlock the detailed results with associated ratios for 5 halal investment methodologies, you can click below.

Detailed report based on FTSE methodology

Activity filter

Main Activity
Activity test result
Automobiles & Auto Parts
PASS

Quantumscape

QuantumScape Corporation, formerly Kensington Capital Acquisition Corp, is engaged in the development of solid-state lithium-metal batteries. The Company offers its batteries for use in electric vehicles. It designs its anode-less solid-state lithium-metal batteries using its original equipment manufacturer (OEM)-validated battery technology. The Company serves the automotive industry.

Financial filter

Debt test

Total Debt
Interest free debt
Adjusted debt level
Total Asset
Debt Ratio
PASS or FAIL
102585252
0
102585252
1565760000
6.55%
PASS

Cash test

Cash
Cash Eq.
Short Term Investment
Total Asset
Cash & Eq. ratio
PASS or FAIL
0
250820000
876610000
1565760000
72.01%
FAIL

Acid test

Cash
Cash Eq.
Net Accounts Receivables
Total Asset
Quick ratio
PASS or FAIL
0
250820000
0
1565760000
16.02%
PASS

Non permissible income filter

Net Interest Income (Expense) as non-Operating

Total Non permissible and doubtful income
Total revenue
Non permissible and doubtful income ratio
PASS or FAIL
0
0
0%
PASS