Is Lucid Group stock halal to invest in?

Company Name
Company Symbol
Exchange
Lucid Group
LCID
NASDAQ
LCID
Halal
Lucid Group
NASDAQ

Warning: The result may change based on other methodologies. As of the recent update on Tuesday 7th of February 2023 , 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

Lucid Group

Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of June 30, 2021, it operated eight retail studios in the United States. The company is headquartered in Newark, California.

Financial filter

Debt test

Total Debt
Interest free debt
Adjusted debt level
Total Asset
Debt Ratio
PASS or FAIL
$2,342,333,125
0
$2,342,333,125
$6,887,810,000
34.01%
FAIL

Cash test

Cash
Cash Eq.
Short Term Investment
Total Asset
Cash & Eq. ratio
PASS or FAIL
$0
$1,264,140,000
$2,078,040,000
$6,887,810,000
48.52%
FAIL

Acid test

Cash
Cash Eq.
Net Accounts Receivables
Total Asset
Quick ratio
PASS or FAIL
$0
$1,264,140,000
$2,660,000
$6,887,810,000
18.39%
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
-$7,710,000
$195,460,000
-3.94%
PASS