CR
Crane Company
Is CR Halal?
Diversified industrial products maker with known financial ratios passing; activity classification remains incomplete.
What You Should Know
Crane Company designs and manufactures highly engineered industrial products across aerospace and electronics, process-flow technologies and engineered materials. Its March 31, 2026 Form 10-Q reports assets of $4,051.7 million, interest-bearing debt of $1,198.2 million, cash of $355.4 million and accounts receivable of $493.8 million. Debt/assets is 29.57%, liquidity/assets is 8.77% and receivables-plus-cash/assets is 20.96%; disclosed interest income is 0.23% of quarterly sales. The known financial ratios pass the examined FTSE Yasaar, MSCI and Malaysia proxies, but aerospace, defense and customer end-use classification remains incomplete.
⚠️ Concerns
- •Known debt, liquidity, receivables and disclosed-income ratios pass the examined limits
- •Military and commercial aerospace revenue requires scholar-specific end-use review
- •Process-flow equipment serves varied industrial and energy customers
- •Disclosed interest income is 0.23% of quarterly sales; no fixed purification percentage is inferred
- •Re-screen after the next filing or a material acquisition or end-use change
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,198.2 / 4,051.7
355.4 / 4,051.7
849.2 / 4,051.7
1.6 / 696.4
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 29.57%, liquidity is 8.77%, receivables plus cash is 20.96% and disclosed income/revenue is 0.23%, within examined limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 29.57%, liquidity is 8.77% and receivables plus cash is 20.96%, below examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 29.57% and liquidity is 8.77%, below the examined 33% limits; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and activity classification remains incomplete.
Business-activity disclosure
Crane designs and manufactures engineered industrial products across aerospace and electronics, process flow technologies and engineered materials. Industrial manufacturing is generally permissible, while defense, aerospace and customer end uses require continuing review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for defense, aerospace, industrial contracts or customer end uses.
Purification
The filing discloses $1.6 million of interest income (0.23% of quarterly sales), but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Crane Company's March 31, 2026 Form 10-Q.
- Debt includes $5.6 million short-term borrowings and $1,192.6 million long-term debt; operating leases are excluded.
- Cash is $355.4 million and no separately identified interest-bearing securities are added.
- Accounts receivable is $493.8 million, first-quarter net sales are $696.4 million and disclosed interest income is $1.6 million.
- Aerospace, defense, process-flow and engineered-material end uses are not reduced to a universal prohibited-revenue numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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