Red Cat Holdings, Inc. (RCAT) - Questionable
Red Cat Holdings, Inc. (RCAT) 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
- Industrials
- Industry
- Aerospace & Defense
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis; description mentions: weapons system. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 1.2% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 27.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.23%.Based on the company's financial statements, approximately 1.23% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.23% of total income). Some scholars may differ on the exact calculation method.
About Red Cat Holdings, Inc.
Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States. The company designs and manufactures small and tactical unmanned aircraft systems (UAS), such as BLACK WIDOW, a short-range reconnaissance war fighter with selectable integrated AI software capabilities; TEAL 2, a blue UAS product of defense used by combat soldiers, police officers, firefighters, wildlife managers, and industrial inspectors; and FANG, a first-person view small UAS. It also develops and produces long-endurance, vertical takeoff, and landing fixed-wing unmanned aircraft systems designed for extended-range intelligence, surveillance, and reconnaissance missions, such as THE EDGE 130. In addition, the company develops BLUE OPS, a battle-tested uncrewed surface vessel weapons system. Further, it provides FANG FPV DRONE, part of ARACHNID family of unmanned intelligence. The company has a Partnership with Havoc to develop open-architecture autonomous maritime defense systems. Red Cat Holdings, Inc. is based in South Salt Lake, Utah.