SPRUCE POWER HOLDING CORP (SPRU) Financial Ratio Screen
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MSCI new-inclusion financial-ratio snapshot
SPRU financial screening at a glance
Calculation date: 2026-09-01. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.
Independent method comparison
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Business activity evidence
Activity assessment in progress
The supplied classification (Solar) 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: Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third party-owned solar energy systems with portfolio managed services, including billing and collections/asset recovery, account support services, financial asset management, homeowner support and servicing technology, asset operations, and transaction and execution services related to SRECs; and Spruce Pro, which offers third-party owners a range of services for residential, commercial, and industrial assets. Spruce Power Holding Corporation was founded in 2009 and is headquartered in Denver, Colorado.
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 | 79.1% / 30% | 8.1% / 30% | 9.8% / 30% | 27.72% / 5% | RATIOS FAIL* |
| FTSE | 79.1% / 33% | 8.1% / 33% | 9.8% / 50% | 27.72% / 5% | RATIOS FAIL* |
Financial Highlights
Profitability
| Gross Margin | 61.7% | |
| Operating Margin | 27.5% | |
| Net Margin | -23.2% | |
| Return on Equity (ROE) | -17.4% | |
| Return on Assets (ROA) | 0.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$42M |
| Free Cash Flow | -$42M |
| Total Debt | $711M |
| Debt-to-Equity | 544.2 |
| Current Ratio | 0.5 |
| Total Assets | $898M |
Price & Trading
| Last Close | $4.02 |
| 50-Day MA | $4.56 |
| 200-Day MA | $3.30 |
| Avg Volume | 71K |
| Beta | 1.4 |
|
52-Week Range
$1.13
| |
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.
- Issuer website — use its investor-relations filings to verify the figures.
- SEC EDGAR filing search — primary filing source for US issuers.
- Field mapping, formulas and limitations.
Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.
About SPRUCE POWER HOLDING CORP (SPRU)
Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company offers electricity for homeowners and businesses through subscription-based payments and solar renewable energy credits (SRECs) for contracted prices, which are generated by home solar energy systems. It also provides Spruce Pro servicing platform, which provides home and third party-owned solar energy systems with portfolio managed services, including billing and collections/asset recovery, account support services, financial asset management, homeowner support and servicing technology, asset operations, and transaction and execution services related to SRECs; and Spruce Pro, which offers third-party owners a range of services for residential, commercial, and industrial assets. Spruce Power Holding Corporation was founded in 2009 and is headquartered in Denver, Colorado.
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Frequently Asked Questions
Is SPRUCE POWER HOLDING CORP (SPRU) 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 SPRUCE POWER HOLDING CORP's debt ratio?
SPRUCE POWER HOLDING CORP's debt ratio is 79.1% 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 SPRUCE POWER HOLDING CORP's key financial metrics?
SPRUCE POWER HOLDING CORP has a market capitalization of USD 72M in its listing currency, and revenue of $82M. The company maintains a gross margin of 61.7% and a net margin of -23.2%. Return on equity stands at -17.4%.
How often is the screening data updated?
Calculation date: 2026-09-01. 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.