Kraken Robotics Inc. (KRKNF) - Questionable
Kraken Robotics Inc. (KRKNF) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Scientific & Technical Instruments
- Result
- Doubtful
- Reason
- This company requires further review: description mentions: military. The sector "Technology" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 1.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 3.7% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 2.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.15%.Based on the company's financial statements, approximately 2.15% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.15% of total income). Some scholars may differ on the exact calculation method.
About Kraken Robotics Inc.
Kraken Robotics Inc., a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for military and commercial applications. The company operates in two segments, Products and Services. The company offers Synthetic Aperture Sonar (SAS), a technology to perform imaging and bathymetric mapping; KATFISH Towed SAS, a synthetic aperture sonar towfish operates at speeds up to 10 knots providing increased area coverage rates; and SeaPower, a pressure tolerant deep-sea battery. It also offers LiDAR Solutions that delivers precision inspection and monitoring of underwater assets and environments; Sub-Bottom Imaging services that deliver 3D data of subsea stratigraphy and hazards; Acoustic Core that provides a 3D image of stratigraphy layers and anomalies across the entire foundation footprint; and Towed SAS Survey services. The company's products are used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. The company was formerly known as Kraken Sonar Inc. and changed its name to Kraken Robotics Inc. in September 2017. Kraken Robotics Inc. is headquartered in Mount Pearl, Canada.