Is SPRUCE POWER HOLDING CORP (SPRU) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1131.1% / 30% | 115.8% / 30% | 23.9% / 30% | 27.72% / 5% | ✗ NOT HALAL |
| DJIM | 1131.1% / 33% | 115.8% / 33% | 23.9% / 33% | 27.72% / 5% | ✗ NOT HALAL |
| MSCI | 79.1% / 33% | 8.1% / 33% | 1.7% / 33% | 27.72% / 5% | ✗ NOT HALAL |
| S&P | 1131.1% / 33% | 115.8% / 33% | 23.9% / 33% | 27.72% / 5% | ✗ NOT HALAL |
| FTSE | 79.1% / 33% | 8.1% / 33% | 1.7% / 50% | 27.72% / 5% | ✗ NOT HALAL |
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
| |
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?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SPRUCE POWER HOLDING CORP 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 SPRUCE POWER HOLDING CORP's debt ratio?
SPRUCE POWER HOLDING CORP's debt ratio is 1131.1% 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 79.1%.
What are SPRUCE POWER HOLDING CORP's key financial metrics?
SPRUCE POWER HOLDING CORP has a market capitalization of $72M, 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?
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.