RDGT
Quality Rating
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
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: 113.53% (exceeds all thresholds: AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Liquidity Ratio: 139.69% (exceeds all thresholds: AAOIFI 30%, MSCI 33.33%, S&P 33%)
Debt Ratio
113.5%
Liquidity Ratio
139.7%
Interest Income Ratio
0.0%
Purification
0.07%