Meridian Energy Limited (MEL.NZ) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.
Computed from published company financials, balance sheet as of 2026-06-30. MEL.NZ 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 | 13.84% | 30.00% | Pass |
| Interest-bearing investments | 3.48% | 30.00% | Pass |
| Non-permissible income | 0.13% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 12.06% | 33.00% | Pass |
| Interest-bearing investments | 2.99% | 33.00% | Pass |
| Non-liquid assets | 95.24% | at least 20.00% | Pass |
| Non-permissible income | 0.13% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 11.87% | 33.33% | Pass |
| Cash + interest-bearing securities | 2.99% | 33.33% | Pass |
| Accounts receivable | 4.76% | 33.33% | Pass |
| Non-permissible income | 0.13% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 11.87% | 33.33% | Pass |
| Cash + interest-bearing securities | 2.99% | 33.33% | Pass |
| Accounts receivable | 4.76% | 50.00% | Pass |
| Non-permissible income | 0.13% | 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 | 13.42% | 33.00% | Pass |
| Cash + interest-bearing securities | 3.38% | 33.00% | Pass |
| Accounts receivable | 2.00% | 33.00% | Pass |
| Non-permissible income | 0.13% | 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 | 13.66% | 33.00% | Pass |
| Cash + interest-bearing securities | 3.44% | 49.00% | Pass |
| Accounts receivable | 2.04% | 49.00% | Pass |
| Non-permissible income | 0.13% | 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 | 13.66% | 33.33% | Pass |
| Cash + interest-bearing securities | 3.44% | 33.33% | Pass |
| Accounts receivable | 5.48% | 49.00% | Pass |
| Non-permissible income | 0.13% | 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.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
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) | 39.90 | NEUTRAL |
| Stochastic %K (14) | 33.58 | NEUTRAL |
| CCI (20) | -107.07 | BUY |
| Williams %R (14) | -66.42 | NEUTRAL |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -3.14 | SELL |
| Momentum (10) | -0.17 | SELL |
| EMA (10) | 5.28 | SELL |
| SMA (10) | 5.30 | SELL |
| EMA (20) | 5.32 | SELL |
| SMA (20) | 5.33 | SELL |
| EMA (30) | 5.36 | SELL |
| SMA (30) | 5.37 | SELL |
| EMA (50) | 5.41 | SELL |
| SMA (50) | 5.43 | SELL |
| EMA (100) | 5.46 | SELL |
| SMA (100) | 5.54 | SELL |
| EMA (200) | 5.47 | SELL |
| SMA (200) | 5.46 | 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
Meridian Energy Limited engages in the renewable electricity generation and retail business to residential, business, and industrial customers in New Zealand. The company generates electricity through 7 hydro power stations; 8 wind farms; and 100MW battery energy storage system, as well as solar array. It sells electricity under the Meridian and Powershop brands. It also offers EV charging solutions; and software development, professional, and insurance services, as well as act as a licence holder and non-trading entity. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
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 2026-09-08 · Asset managers net 912361 (-21819)
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.