Via Renewables, Inc. (VIASP) Financial Ratio Screen

NASDAQ Utilities United States N/A
RATIOS FAIL*
Automated financial screen · activity assessed separately
Via Renewables, Inc. (VIASP) is potentially non-compliant in the automated ratio model. The company's debt ratio of 31.9% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Via Renewables, Inc. operates in the Utilities sector.

Track VIASP screening changes

Get an email when this stock's published screening status or underlying ratios change.

MSCI new-inclusion financial-ratio snapshot

VIASP financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
31.9%
Fail vs 30%
Cash ratio
14.0%
Pass vs 30%
Receivables + cash
36.4%
Fail vs 30%
Impermissible income
0.0%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2023. 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 passedActivity is assessed separately
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 2023Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

The request button opens your email application with a pre-filled message. HalalStockGuide receives no address or request unless you choose to send it.

Business activity evidence

Activity assessment in progress

The supplied classification (Utilities - Regulated Electric) 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: 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.

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 2023

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 31.9%
/ 30%
14.0%
/ 30%
36.4%
/ 30%
0.03%
/ 5%
RATIOS FAIL*
FTSE 31.9%
/ 33%
14.0%
/ 33%
36.4%
/ 50%
0.03%
/ 5%
FINANCIAL SCREEN PASSED*

Financial Highlights

P/E Ratio
22.0
EPS
$1.17
Dividend Yield
1058.0%
P/B Ratio
1.4
EV/EBITDA
3.1
EV: $237M
Revenue
$435M
Growth: 22.5%
Current Ratio
2.5

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-Equity89.5
Current Ratio2.5
Total Assets$304M

Price & Trading

Last Close$25.52
50-Day MA$25.57
200-Day MA$25.53
Avg Volume4K
52-Week Range
$22.00
$26.68

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2023. 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 Via Renewables, Inc. (VIASP)

CEO
Mr. William Keith Maxwell III
Sector
Utilities
Industry
Utilities - Regulated Electric
Country
United States
Exchange
NASDAQ
Currency
USD

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.

Popular halal stock checks

Explore other frequently viewed automated stock screens and compare the available financial ratios.

Frequently Asked Questions

Is Via Renewables, Inc. (VIASP) 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 Via Renewables, Inc.'s debt ratio?

Via Renewables, Inc.'s debt ratio is 31.9% 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 Via Renewables, Inc.'s key financial metrics?

Via Renewables, Inc. has a market capitalization of N/A in its listing currency, 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?

Calculation date: 2026-08-31. Financial period: December 2023. 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.