Newsmax Inc. (NMAX) Financial Ratio Screen

NYSE Communication Services United States USD 759M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Newsmax Inc. (NMAX) is potentially non-compliant in the automated ratio model. While the debt ratio of 5.7% is acceptable, the cash and interest-bearing securities ratio of 56.4% exceeds the 30% threshold. Newsmax Inc. operates in the Communication Services sector.

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MSCI new-inclusion financial-ratio snapshot

NMAX financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
5.7%
Pass vs 30%
Cash ratio
56.4%
Fail vs 30%
Receivables + cash
75.7%
Fail vs 30%
Impermissible income
0.3%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Broadcasting) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies. This segment also provides programming services through Newsmax and Newsmax2, which offer 24/7 television news and informational programming channels through cable and digital streaming platforms; and World at War that offers 24/7 historical documentaries and movies. The Digital segment offers online advertising services, such as online display, email advertising, other online placements, and print advertisements; subscriptions, including a collection of specialized health and financial newsletters, Newsmax Magazine, and online membership programs; and sells nutraceutical and nonfiction books on political, financial, and health-related topics. Newsmax Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 5.7%
/ 30%
56.4%
/ 30%
75.7%
/ 30%
0.34%
/ 5%
RATIOS FAIL*
FTSE 5.7%
/ 33%
56.4%
/ 33%
75.7%
/ 50%
0.34%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-0.96
P/B Ratio
7.2
EV/EBITDA
-6.6
EV: $637M
Revenue
$171M
Growth: 9.6%
Current Ratio
2.4

Profitability

Gross Margin 39.3%
Operating Margin -9.0%
Net Margin -52.6%
Return on Equity (ROE) -205.2%
Return on Assets (ROA) -32.3%

Cash Flow & Balance Sheet

Operating Cash Flow-$49M
Free Cash Flow-$50M
Total Debt$8M
Debt-to-Equity8.8
Current Ratio2.4
Total Assets$146M

Price & Trading

Last Close$5.98
50-Day MA$6.63
200-Day MA$10.25
Avg Volume897K
52-Week Range
$5.18
$265.00

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Newsmax Inc. (NMAX)

CEO
Mr. Christopher W. Ruddy
Employees
500
Sector
Communication Services
Industry
Broadcasting
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 759M
Currency
USD

Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies. This segment also provides programming services through Newsmax and Newsmax2, which offer 24/7 television news and informational programming channels through cable and digital streaming platforms; and World at War that offers 24/7 historical documentaries and movies. The Digital segment offers online advertising services, such as online display, email advertising, other online placements, and print advertisements; subscriptions, including a collection of specialized health and financial newsletters, Newsmax Magazine, and online membership programs; and sells nutraceutical and nonfiction books on political, financial, and health-related topics. Newsmax Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.

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Frequently Asked Questions

Is Newsmax Inc. (NMAX) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Newsmax Inc.'s debt ratio?

Newsmax Inc.'s debt ratio is 5.7% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Newsmax Inc.'s key financial metrics?

Newsmax Inc. has a market capitalization of USD 759M in its listing currency, and revenue of $171M. The company maintains a gross margin of 39.3% and a net margin of -52.6%. Return on equity stands at -205.2%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.