SKX
Skechers U.S.A., Inc.
Is SKX Halal?
Historically a footwear and apparel company with a generally permissible business; SKX became privately held after its 2025 acquisition, so current investability is incomplete.
What You Should Know
Skechers U.S.A., Inc. historically designed and marketed footwear, apparel and accessories. Its June 30, 2025 Form 10-Q, the latest public-company filing located, reports $584.346 million of interest-bearing debt, $1,377.152 million of cash, $185.257 million of marketable securities and $1,254.455 million of receivables against $9,278.116 million of assets. Historical debt/assets is 6.30%, liquidity/assets is 16.84% and receivables plus cash/assets is 28.36%; gross interest income is unavailable. Skechers completed its acquisition by Beach Acquisition Co Parent in 2025 and is no longer a current publicly traded issuer, so these figures do not establish current investability.
⚠️ Concerns
- •Skechers completed a 2025 acquisition and is no longer a current publicly traded issuer
- •The latest public filing predates the acquisition; no current public market-cap or post-acquisition financial series is stored
- •Historical borrowings and unavailable gross interest income remain quantitative limitations
- •Wholesale receivables, inventory and global consumer exposure remain business risks
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2025-06-30; calculated 2026-07-15.
584.346 / 9,278.116
1,562.409 / 9,278.116
2,631.607 / 9,278.116
- Financial
- Incomplete
- Overall
- Incomplete
Historical debt/assets is 6.30%, liquidity/assets is 16.84% and receivables-plus-cash/assets is 28.36%; gross interest income and current issuer status are incomplete.
- Financial
- Pass
- Overall
- Incomplete
Historical known asset-based ratios are below the examined MSCI limits, but the filing predates the completed acquisition and current activity/income remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Historical known financial ratios are below the examined Malaysia limits; this is not an official classification and does not establish current post-acquisition status.
- Financial
- Not calculated
- Overall
- Not calculated
SKX is no longer a current publicly traded issuer and no licensed historical market-cap series is stored.
Business-activity disclosure
Skechers designs and sells footwear, apparel and accessories. That consumer-products activity is generally permissible, but SKX completed a 2025 acquisition and is no longer a current publicly traded issuer, so a current investability or market-cap conclusion cannot be made from this historical filing.
Limitation: The latest public filing predates the completed acquisition; no current public market-cap series or post-acquisition issuer financial statements are stored.
Purification
Gross interest income is not separately disclosed in the latest public filing, and no current post-acquisition public issuer data is available; no purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Skechers' June 30, 2025 Form 10-Q, the latest public-company filing located after the 2025 acquisition.
- Interest-bearing debt is current long-term borrowings of $316.748 million, short-term borrowings of $179.633 million and long-term borrowings of $87.965 million; operating lease liabilities are excluded.
- Cash and cash equivalents are $1,377.152 million; short-term investments are $106.254 million and long-term securities of $79.003 million are included, while $78.449 million of company-owned life insurance is excluded from interest-bearing securities.
- Trade accounts receivable of $1,149.298 million and other receivables of $105.157 million are included; sales for the quarter were $2,440.024 million.
- The filing reports interest paid but does not separately disclose gross interest income, so the income numerator is unavailable.
- Skechers completed its acquisition by Beach Acquisition Co Parent in 2025 and is no longer a current publicly traded issuer; the historical business activity is footwear and apparel and remains generally permissible.
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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