Fresh Factory BC Ltd

FRSH.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Consumer Non-Cyclicals
United States of America

Fresh Factory BC Ltd is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

$0.225

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

Debt
100%
Non-Compliant Assets
Impure Income

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
89.53%
Impure Income

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
100%
Impure Income

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
50.03%
Cash
4.92%
Cash & AR
19.94%
Impure Income

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
50.03%
Cash
4.92%
Cash & AR
19.94%
Impure Income

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
-

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

The Fresh Factory B.C. Ltd. is a vertically integrated company focused on the growth of fresh, clean-label, better-for-you food and beverage brands. It owns or partners with brands to develop, manufacture, and sell products made from recognizable ingredients. It produces a variety of different products including cold-pressed juice, other beverages, dips and spreads, dressings and sauces, soups, and snack bars. It owns two brands: FIELD + FARMER and Element Pressed. Its capabilities include glass (hot and cold), cups (hot and cold), plastic (hot and cold), pouches and snack bars. It operates from its centrally located manufacturing facility near Chicago, serving customers across the United States. It works with a number of customers across various selling channels including direct-to-consumer, retail, and food service outlets. It works with a network of distributors, trucking companies, and freight providers to distribute products. It offers pick, pack, and ship services for e-commerce.