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Company Name |
Company Symbol |
Exchange |
Meta Materials |
MMAT |
NASDAQ |
Warning: The result may change based on other methodologies. As of the recent update on Wednesday 17th of July 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.
Main Activity |
Activity test result |
Electronic Equipment & Parts |
PASS |
Torchlight Energy Resources, Inc. (Torchlight) is an energy company. The Company is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company is primarily focused on the acquisition of early stage projects, the development and delineation of these projects, and then the monetization of those assets once these activities are completed. Torchlight has interests in four oil and gas projects: the Orogrande Project in Hudspeth County, Texas; the Hazel Project in Sterling, Tom Green, and Irion Counties, Texas; the Winkler Project in Winkler County, Texas, and the Hunton wells in partnership with Husky in Central Oklahoma. The Company operates its business through its subsidiaries, including Torchlight Energy, Inc., Torchlight Energy Operating, LLC, Hudspeth Oil Corporation, Torchlight Hazel, LLC and Warwink Properties, LLC.
Total Debt |
Interest free debt |
Adjusted debt level |
Total Asset |
Debt Ratio |
PASS or FAIL |
12123567 |
0 |
12123567 |
121750000 |
9.96% |
PASS |
Cash |
Cash Eq. |
Short Term Investment |
Total Asset |
Cash & Eq. ratio |
PASS or FAIL |
0 |
9190000 |
0 |
121750000 |
7.55% |
PASS |
Cash |
Cash Eq. |
Net Accounts Receivables |
Total Asset |
Quick ratio |
PASS or FAIL |
0 |
9190000 |
1690000 |
121750000 |
8.94% |
PASS |
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 |
3270000 |
0% |
PASS |