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WTER Shariah Compliance
Screening Methodology: AAOIFI
HALAL
Last Updated: October 18, 2023
Report Source: 2024 1st Quarter Report
Alkaline Water Company Inc. Stock Analysis WTER
The Alkaline Water Co., Inc. engages in the business of distributing, marketing, and selling bottled alkaline water. The company is headquartered in Scottsdale, Arizona and currently employs 31 full-time employees. The company went IPO on 2012-07-11. The company provides clean and pure hydration solutions to consumers nationwide. The company offers retail consumers bottled alkaline water in 500-milliliter, 700-milliliter, 1-liter, 1.5 -liter, 2-liter, 3-liter and 1-gallon sizes, all of which is produced through an electrolysis process that uses specialized electronic cells coated with a variety of rare earth minerals to produce 8.8 pH drinking water without the use of any manmade chemicals. Its flagship Alkaline88 is crafted using a proprietary electrolysis process that infuses purified water with Himalayan rock salt, trace minerals, and electrolytes. Alkaline88 is a premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. The company also sells a line of Alkaline88 Sports Drinks. The company also sells its products directly to retail clients, including convenience stores, natural food products stores, large ethnic markets and national retailers.
Read More Alkaline Water Company Inc (WTER) Chart
Key Statistics of Alkaline Water Company Inc (WTER)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$0.05Volume
41.34KP/E Ratio (TTM)
-52 Week Range
Market Cap
1.92MAvg. Volume
70.75KDividend Yield
-Financial Metrics & Statements of Alkaline Water Company Inc (WTER)
FAQ's for Alkaline Water Company Inc (WTER)
- According to Musaffa’s Shariah screening methodology, Alkaline Water Company Inc (WTER) is currently classified as HALAL as of October 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Alkaline Water Company Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Alkaline Water Company Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Alkaline Water Company Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Alkaline Water Company Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Alkaline Water Company Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.