EFXT
Quality Rating
Enerflex Ltd. (EFXT), a provider of oil and gas equipment and services, demonstrates permissible core business activities in natural gas compression and processing but fails key financial screening criteria due to elevated debt and interest income ratios. The company is not included in any major Shariah-compliant indices, resulting in an overall non-compliant status. While liquidity and non-permissible income from business activities are within limits, purification is required for the 5.72% impermissible income portion. Energy sector challenges, including capital-intensive operations, contribute to debt concerns. With a B quality rating, investors should monitor debt reduction efforts for potential future compliance.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any of the major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or DJIM.
Key Compliance Considerations
- High debt ratio of 59.05% exceeding all thresholds
- Interest income ratio of 5.72% slightly above 5% limit
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
5.72%