Ferronordic AB (publ) (FNM.ST) 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. FNM.ST 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 | 160.30% | 30.00% | Fail |
| Interest-bearing investments | 13.24% | 30.00% | Pass |
| Non-permissible income | 0.20% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 46.39% | 33.00% | Fail |
| Interest-bearing investments | 3.83% | 33.00% | Pass |
| Non-liquid assets | 85.53% | at least 20.00% | Pass |
| Non-permissible income | 0.20% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 46.39% | 33.33% | Fail |
| Cash + interest-bearing securities | 3.83% | 33.33% | Pass |
| Accounts receivable | 14.47% | 33.33% | Pass |
| Non-permissible income | 0.20% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 46.39% | 33.33% | Fail |
| Cash + interest-bearing securities | 3.83% | 33.33% | Pass |
| Accounts receivable | 14.47% | 50.00% | Pass |
| Non-permissible income | 0.20% | 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 | 283.27% | 33.00% | Fail |
| Cash + interest-bearing securities | 23.39% | 33.00% | Pass |
| Accounts receivable | 64.97% | 33.00% | Fail |
| Non-permissible income | 0.20% | 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 | 254.63% | 33.00% | Fail |
| Cash + interest-bearing securities | 21.02% | 49.00% | Pass |
| Accounts receivable | 58.40% | 49.00% | Fail |
| Non-permissible income | 0.20% | 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 | 254.63% | 33.33% | Fail |
| Cash + interest-bearing securities | 21.02% | 33.33% | Pass |
| Accounts receivable | 79.43% | 49.00% | Fail |
| Non-permissible income | 0.20% | 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) | 66.70 | NEUTRAL |
| Stochastic %K (14) | 66.08 | NEUTRAL |
| CCI (20) | 86.49 | NEUTRAL |
| Williams %R (14) | -33.92 | NEUTRAL |
| MACD (12,26,9) | 0.59 | BUY |
| ROC (10) | 16.18 | BUY |
| Momentum (10) | 13.20 | BUY |
| EMA (10) | 92.80 | BUY |
| SMA (10) | 92.90 | BUY |
| EMA (20) | 87.56 | BUY |
| SMA (20) | 87.03 | BUY |
| EMA (30) | 83.41 | BUY |
| SMA (30) | 81.39 | BUY |
| EMA (50) | 77.29 | BUY |
| SMA (50) | 73.91 | BUY |
| EMA (100) | 68.04 | BUY |
| SMA (100) | 63.76 | BUY |
| EMA (200) | 58.70 | BUY |
| SMA (200) | 54.90 | BUY |
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.
Industrials · Industrial Distribution
Ferronordic AB (publ), together with its subsidiaries, operates as a dealer for new and used construction equipment and trucks in the United States, Germany, and Kazakhstan. The company also distributes excavators, wheel loaders, and mining machinery; mobile crushers and screens; telescopic and lattice boom cranes; backhoe loaders, compact wheel loaders, and other compact machines; haulers; wheeled and crawler excavators, and material handlers; and pavers, rollers, asphalt, and concrete mixing plants. In addition, the company engages in the rental, service, repair, and rebuilding of construction equipment, trucks, and associated equipment. Further, it provides technical support; consultancy services, such as machine operator training; aftermarket services and sales, including maintenance, diagnostics, overhauls, and spare parts sales; contracting; and other professional services. The company's brand portfolio includes Volvo Construction Equipment, Sandvik, Link-Belt Cranes, Hitachi Construction Machinery, Bergmann, Atlas, Mantsinen, Volvo Trucks, Renault Trucks, Mecalac, and Ammann. It serves the transport and logistics, general construction, road construction, mining, quarries and aggregates, government, recycling and waste, forestry, agriculture and landscaping, and other industries. The company was formerly known as Ferronordic Machines AB and changed its name to Ferronordic AB (publ) in July 2019. Ferronordic AB (publ) was incorporated in 2008 and is headquartered in Stockholm, Sweden.
Background via Yahoo Finance — informational, not part of the verdict.
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.