Audax Renovables, S.A. (ADX.MC) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.
⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. ADX.MC files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: cleared (no excluded categories detected)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 113.03% | 30.00% | Fail |
| Interest-bearing investments | 60.89% | 30.00% | Fail |
| Non-permissible income | 0.30% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 44.45% | 33.00% | Fail |
| Interest-bearing investments | 23.94% | 33.00% | Pass |
| Non-liquid assets | 57.74% | at least 20.00% | Pass |
| Non-permissible income | 0.30% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 44.45% | 33.33% | Fail |
| Cash + interest-bearing securities | 23.94% | 33.33% | Pass |
| Accounts receivable | 42.26% | 33.33% | Fail |
| Non-permissible income | 0.30% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 44.45% | 33.33% | Fail |
| Cash + interest-bearing securities | 23.94% | 33.33% | Pass |
| Accounts receivable | 42.26% | 50.00% | Pass |
| Non-permissible income | 0.30% | 5.00% | Pass |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 94.41% | 33.00% | Fail |
| Cash + interest-bearing securities | 50.86% | 33.00% | Fail |
| Accounts receivable | 38.91% | 33.00% | Fail |
| Non-permissible income | 0.30% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 93.94% | 33.00% | Fail |
| Cash + interest-bearing securities | 50.61% | 49.00% | Fail |
| Accounts receivable | 38.72% | 49.00% | Pass |
| Non-permissible income | 0.30% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 93.94% | 33.33% | Fail |
| Cash + interest-bearing securities | 50.61% | 33.33% | Fail |
| Accounts receivable | 89.32% | 49.00% | Fail |
| Non-permissible income | 0.30% | 5.00% | Pass |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 35.20 | NEUTRAL |
| Stochastic %K (14) | 2.50 | BUY |
| CCI (20) | -170.56 | BUY |
| Williams %R (14) | -97.50 | BUY |
| MACD (12,26,9) | -0.00 | SELL |
| ROC (10) | -4.78 | SELL |
| Momentum (10) | -0.06 | SELL |
| EMA (10) | 1.18 | SELL |
| SMA (10) | 1.18 | SELL |
| EMA (20) | 1.19 | SELL |
| SMA (20) | 1.19 | SELL |
| EMA (30) | 1.19 | SELL |
| SMA (30) | 1.19 | SELL |
| EMA (50) | 1.21 | SELL |
| SMA (50) | 1.20 | SELL |
| EMA (100) | 1.24 | SELL |
| SMA (100) | 1.27 | SELL |
| EMA (200) | 1.26 | SELL |
| SMA (200) | 1.28 | SELL |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Utilities · Utilities - Renewable
Audax Renovables, S.A. engages in the generation and supply of renewable electricity and gas in Spain, Portugal, the Netherlands, Hungary, Italy, Poland, Germany, and France. It has a portfolio of wind and photovoltaic farms with a capacity of 1,037 megawatts. The company also sells electricity and gas. Audax Renovables, S.A. was incorporated in 2000 and is based in Badalona, Spain. Audax Renovables, S.A. operates as a subsidiary of Electrica Nuriel, S.L.
Background via Yahoo Finance — informational, not part of the verdict.
Research only, not the primary verdict above — SEC EDGAR (the source for the main in-house research card, if shown) has no data for this symbol, so this is computed from a real, country-specific filing instead. Business-activity screening isn't part of this check.
Based on the filing period ending 2024-12-31, figures in EUR.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.