NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Thu, May 21 03:44 PM
Non-Compliant

RDGT

Quality Rating

B
Minimal compliance quality

Ridgetech Inc. (RDGT), operating in the Medical - Distribution industry within the Healthcare sector, primarily engages in wholesaling, distributing, and retailing pharmaceutical and healthcare products. This analysis reveals significant financial screening challenges, with debt and liquidity ratios far exceeding Shariah thresholds across major standards, leading to non-compliance. Business activities are permissible, and income sources show minimal impure elements. However, exclusion from all major Shariah indices confirms the overall non-compliant status. Investors should monitor potential debt reduction efforts for future compliance.

Purification Required
0.07%
minimal

Minimal purification needed for dividend income

Index Inclusion

Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

113.5%

Liquidity Ratio

139.7%

Interest Income Ratio

0.0%

Purification

0.07%