Chart Industries Inc

GTLS

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
United States of America
Mid cap

Chart Industries Inc is not Shariah Compliant because it fails the financial ratios.

0.24%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
BUY
$187.30
$144.00
$235.00
19
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
14.56%
16.13%
5.00%
0.98
1.27
1000.00%

Shariah Compliance

  • Updated on September 12, 2024
Debt
76.45%
✗
Non-Compliant Assets
0.16%
✓
Impure Income
0.24%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
65.31%
✗
Impure Income
0.24%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
66.07%
✗
Impure Income
0.24%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
43.17%
✗
Cash
2.76%
✓
Cash & AR
18.01%
✓
Impure Income
0.24%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
43.17%
✗
Cash
2.76%
✓
Cash & AR
18.01%
✓
Impure Income
0.24%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.24%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Chart Industries, Inc. is engaged in designing, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean-clean power, clean water, clean food, and clean industrials, regardless of molecule. Its segments include Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair Service & Leasing. Its Cryo Tank Solutions segment supplies bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Its Heat Transfer Systems segment supplies engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases. Its Specialty Products segment supplies products used in specialty end-market applications, including hydrogen, liquid natural gas, biofuels, carbon capture, food and beverage, aerospace, lasers, cannabis and water treatment, among others.

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