SPXC
SPX Technologies, Inc.
Is SPXC Halal?
HVAC and detection-and-measurement products are generally permissible; current known financial ratios pass while acquisition and end-use classification remains incomplete.
What You Should Know
SPX Technologies makes HVAC equipment and detection-and-measurement systems. Its March 28, 2026 Form 10-Q reports $3,879.5 million of assets, $674.0 million of tracked interest-bearing debt, $156.5 million of cash and $391.5 million of accounts receivable. Debt/assets is 17.37%, liquidity/assets is 4.03% and receivables-plus-cash/assets is 14.13%, below the examined asset-based limits. The filing reports $1.1 million of interest income, or 0.19% of quarterly revenue. Acquired businesses and discontinued operations require qualitative context; this is not an official certification.
⚠️ Concerns
- •Debt/assets is 17.37% ($674.0 million / $3,879.5 million), below the examined asset-based limits
- •Acquisitions and discontinued operations affect comparability
- •The filing does not provide a universal prohibited-activity numerator for all industrial end uses
- •Interest income/revenue is 0.19%; no fixed purification percentage is inferred
- •Re-screen after a newer filing, acquisition or material segment change
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
674 / 3,879.5
156.5 / 3,879.5
548 / 3,879.5
1.1 / 566.8
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.37%, liquidity/assets is 4.03%, receivables plus cash/assets is 14.13% and interest income/revenue is 0.19%; known financial ratios pass, but activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass the examined limits; this is not an official SAC classification and activity evidence remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and qualitative activity treatment remains incomplete.
Business-activity disclosure
SPX Technologies makes HVAC equipment and detection-and-measurement systems. These industrial products are generally permissible, while acquired businesses, discontinued operations and customer end uses are not reduced to a universal prohibited-activity numerator.
Limitation: The filing reports segment revenue but does not quantify a scholar-approved prohibited-activity numerator for all applications or customer contracts.
Purification
SPX Technologies discloses $1.1 million of interest income, or 0.19% of quarterly revenue, but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from SPX Technologies' March 28, 2026 Form 10-Q.
- Debt combines $23.6 million of short-term debt, $6.7 million of current maturities and $643.7 million of long-term debt; operating leases are excluded.
- Cash and equivalents are $156.5 million; no separate interest-bearing securities balance is identified.
- Accounts receivable, net are $391.5 million and quarterly revenue is $566.8 million.
- The filing reports $1.1 million of interest income for the quarter; discontinued operations and acquired businesses remain qualitative context.
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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