Is Via Renewables, Inc. (VIASP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 31.9% / 33% | 14.0% / 33% | 22.4% / 33% | 0.03% / 5% | ✓ HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 31.9% / 33% | 14.0% / 33% | 22.4% / 50% | 0.03% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.6% | |
| Operating Margin | 15.2% | |
| Net Margin | 4.1% | |
| Return on Equity (ROE) | 23.9% | |
| Return on Assets (ROA) | 9.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $49M |
| Free Cash Flow | $48M |
| Total Debt | $97M |
| Debt-to-Equity | 89.5 |
| Current Ratio | 2.5 |
| Total Assets | $304M |
Price & Trading
| Last Close | $25.52 |
| 50-Day MA | $25.57 |
| 200-Day MA | $25.53 |
| Avg Volume | 4K |
|
52-Week Range
$22.00
| |
About Via Renewables, Inc. (VIASP)
Via Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. The company engages in the transmission and sale of electricity to residential and commercial customers. It is also involved in the transportation, distribution, and sale of natural gas to residential and commercial customers. In addition, the company provides broker services for retail energy customers; and wireless services and equipment to wireless customers. It offers its services under the Electricity Maine, Electricity N.H., Major Energy, Provider Power Massachusetts, Spark Energy, and Verde Energy brand names. Via Renewables, Inc. was formerly known as Spark Energy, Inc. and changed its name to Via Renewables, Inc. in August 2021. The company was founded in 1999 and is headquartered in Houston, Texas. Via Renewables, Inc operates as a subsidiary of NuRetailco LLC.
Related Halal Stocks in Utilities
Frequently Asked Questions
Is Via Renewables, Inc. (VIASP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Via Renewables, 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 Via Renewables, Inc.'s debt ratio?
Via Renewables, Inc.'s debt ratio is not available 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 31.9%.
What are Via Renewables, Inc.'s key financial metrics?
Via Renewables, Inc. has a market capitalization of N/A, trailing P/E ratio of 22.0, and revenue of $435M. The company maintains a gross margin of 30.6% and a net margin of 4.1%. Return on equity stands at 23.9%.
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.