Is Ridgetech Inc. (RDGT) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 32.9% / 30% | 40.5% / 30% | 95.7% / 30% | 0.08% / 5% | ✗ NOT HALAL |
| DJIM | 32.9% / 33% | 40.5% / 33% | 95.7% / 33% | 0.08% / 5% | ✗ NOT HALAL |
| MSCI | 16.1% / 33% | 19.8% / 33% | 46.9% / 33% | 0.08% / 5% | ✗ NOT HALAL |
| S&P | 32.9% / 33% | 40.5% / 33% | 95.7% / 33% | 0.08% / 5% | ✗ NOT HALAL |
| FTSE | 16.1% / 33% | 19.8% / 33% | 46.9% / 50% | 0.08% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 3.2% | |
| Operating Margin | -0.1% | |
| Net Margin | 10.3% | |
| Return on Equity (ROE) | -8.0% | |
| Return on Assets (ROA) | -1.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1M |
| Free Cash Flow | $632,503 |
| Total Debt | $10M |
| Debt-to-Equity | 15.7 |
| Current Ratio | 1.8 |
| Total Assets | $64M |
Price & Trading
| Last Close | $0.08 |
| 50-Day MA | $1.78 |
| 200-Day MA | $1.95 |
| Avg Volume | 27K |
| Beta | -0.3 |
|
52-Week Range
$0.04
| |
About Ridgetech Inc. (RDGT)
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages in offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicines (TCM), personal and family care products, and medical devices, as well as convenience products comprising consumable, seasonal, and promotional items. It also distributes other healthcare products, such as health food, cosmetics, and daily necessities. The company was formerly known as China Jo-Jo Drugstores, Inc. and changed its name to Ridgetech, Inc. in February 2024. Ridgetech, Inc. is headquartered in Hangzhou, China.
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Frequently Asked Questions
Is Ridgetech Inc. (RDGT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ridgetech Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Ridgetech Inc.'s debt ratio?
Ridgetech Inc.'s debt ratio is 32.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 16.1%.
What are Ridgetech Inc.'s key financial metrics?
Ridgetech Inc. has a market capitalization of $799,082, and revenue of $120M. The company maintains a gross margin of 3.2% and a net margin of 10.3%. Return on equity stands at -8.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
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.