ECX
Quality Rating
ECARX Holdings, Inc. (ECX), a provider of vehicle technology solutions in the Auto - Parts industry, fails financial screening criteria due to excessively high debt and liquidity ratios relative to market capitalization, despite compliant income levels. Business activities in designing infotainment and digital cockpits are permissible under Shariah principles. The company is not included in any major Shariah-compliant indices, leading to an overall non-compliant status. Minor purification is required for interest income. Investors should monitor deleveraging efforts for potential future compliance.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM).
Key Compliance Considerations
- Debt Ratio: 448.10% (exceeds all thresholds)
- Liquidity Ratio: 156.53% (exceeds all thresholds)
Debt Ratio
448.1%
Liquidity Ratio
156.5%
Interest Income Ratio
1.5%
Purification
1.53%