HELE

Helen of Troy Limited

HALAL — SCREEN DOES NOT PASSstock

Is HELE Halal?

Designer and marketer of housewares, health, and beauty consumer products (OXO, Hydro Flask, Braun, Vicks) — generally permissible, but the latest filing-based debt/assets screen fails.

What You Should Know

Helen of Troy Limited designs and distributes housewares, outdoor, health, wellness and beauty products under OXO, Hydro Flask, Osprey, Braun, Vicks and related brands. Its May 31, 2026 Form 10-Q reports $716.147 million of interest-bearing debt, $21.682 million of cash, $2.5 million of U.S. Treasury Bills and $323.835 million of receivables against $2,080.064 million of assets. Debt/assets is 34.43%, above the examined 33.33% limit; liquidity/assets is 1.16% and receivables plus cash/assets is 16.61%. Gross interest income is unavailable. The consumer-products activity remains generally permissible, while licensed brands, ingredients and marketing remain qualitative.

⚠️ Concerns

  • Debt/assets is 34.43%, above the examined 33.33% asset-based limit
  • Term loans and revolving credit are conventional, interest-bearing financing
  • Gross interest income is not separately disclosed, so no purification percentage is inferred
  • Licensed brands, product ingredients, marketing and acquisition-driven leverage remain qualitative or business risks

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
34.43%Above limit
Below 33.333% under FTSE Yasaar

716.147 / 2,080.064

Cash + interest-bearing securities / assets
1.16%Within limit
Below 33.333% under FTSE Yasaar

24.182 / 2,080.064

Receivables + cash / assets
16.61%Within limit
Below 50% under FTSE Yasaar

345.517 / 2,080.064

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 34.43%, above the examined 33.333% limit; liquidity/assets is 1.16% and receivables-plus-cash/assets is 16.61%, while gross interest income is unavailable.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is 34.43%, above the examined MSCI 33.33% total-assets limit; this is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is 34.43%, above the examined Malaysia SAC financial limit; this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Fails

A licensed historical market-cap series is not stored, but the asset-based debt screen fails independently.

Business-activity disclosure

Helen of Troy designs, markets and distributes housewares, outdoor, health, wellness and beauty products under brands including OXO, Hydro Flask, Osprey, Braun, Vicks, Honeywell and Drybar. Consumer products are generally permissible, but product ingredients, licensing and end-use revenue are not reduced to a universal prohibited-revenue numerator.

Limitation: The filing does not classify every product, ingredient, licensee, marketing practice or customer end use by a universal Sharia category; activity remains qualitative.

Purification

Helen of Troy does not separately disclose gross interest income in this filing; no purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Helen of Troy's May 31, 2026 Form 10-Q.
  • Interest-bearing debt is $716.147 million of term loans and revolving borrowings net of unamortized financing fees; operating lease liabilities are excluded.
  • Cash and cash equivalents are $21.682 million; U.S. Treasury Bills of $2.5 million are included as interest-bearing securities.
  • Receivables less allowances are $323.835 million; income tax receivables are excluded.
  • First-quarter sales revenue is $402.115 million. The filing reports interest expense but does not separately disclose gross interest income, so the income numerator is unavailable.
  • Housewares, outdoor, health, beauty and personal-care products are generally permissible, while licensed brands, ingredients, marketing and end use remain qualitative.

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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