Is Norilskiy Nikel stock halal to invest in?

Company Name
Company Symbol
Exchange
Norilskiy Nikel
GMKN
Moscow
GMKN
Halal
Norilskiy Nikel
Moscow

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
Metals & Mining
PASS

Norilskiy Nikel

GMK Noril'skiy nikel' PAO is engaged in the exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious metals produced from ore. The Company's segments include GMK Group, which includes mining and metallurgy operations, transport services, energy, repair and maintenance services located at Taimyr Peninsula; Group KGMK, which includes mining and metallurgy operations, energy, exploration activities located at Kola Peninsula; Norilsk Nickel Harjavalta, which includes refinery operations located in Finland; Other metallurgical, which includes other metallurgy operations and exploration activities located in Russia and abroad, and Other non-metallurgical, which includes metal and other trading, supply chain management, transport services, energy and utility, research and other activities located in Russia and abroad. Its production facilities are located in Taimyr and Kola Peninsulas of the Russian Federation and in Finland.

Financial filter

Debt test

Total Debt
Interest free debt
Adjusted debt level
Total Asset
Debt Ratio
PASS or FAIL
$207,285,319
0
$207,285,319
$440,057,102
47.1%
FAIL

Cash test

Cash
Cash Eq.
Short Term Investment
Total Asset
Cash & Eq. ratio
PASS or FAIL
$5,868,750,892
$29,207,709
$85,653
$440,057,102
6.66%
PASS

Acid test

Cash
Cash Eq.
Net Accounts Receivables
Total Asset
Quick ratio
PASS or FAIL
$5,868,750,892
$29,207,709
$9,892,934
$440,057,102
1342.52%
FAIL

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
-$178,087,201
$63,143,460
-282.04%
PASS