WGO
Winnebago Industries, Inc.
Is WGO Halal?
Recreational-vehicle and marine maker — a permissible manufacturing business, with debt to screen.
What You Should Know
Winnebago manufactures towable and motorhome recreational vehicles, marine products and specialty-vehicle systems. Its May 30, 2026 Form 10-Q reports assets of $2,038.5 million, interest-bearing debt of $442.9 million, cash of $57.1 million and receivables of $186.1 million. Debt/assets is 21.73%, liquidity/assets is 2.80% and receivables-plus-cash/assets is 11.92%; known asset ratios pass. The filing reports net interest expense but no reproducible gross non-compliant-income numerator, while RV and marine end use remain qualitative.
⚠️ Concerns
- •Known debt/assets is 21.73%, below examined 33% limits
- •Recreational and marine end use remains qualitative
- •No reproducible gross non-compliant-income numerator is disclosed
- •Product safety, warranty and environmental obligations require review
- •Highly cyclical with consumer demand and interest rates
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-30; calculated 2026-07-15.
442.9 / 2,038.5
57.1 / 2,038.5
243.2 / 2,038.5
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 21.73%, liquidity/assets is 2.80% and receivables-plus-cash/assets is 11.92%; known ratios pass but the income numerator remains unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 21.73% and liquidity/assets is 2.80%, below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; known asset-based ratios pass but the income and business inputs remain incomplete.
Business-activity disclosure
Winnebago manufactures towable and motorhome recreational vehicles, marine products and specialty-vehicle systems. Manufacturing is generally permissible, while customer end use, marine activities and product-safety obligations require qualitative review.
Limitation: The filing does not allocate revenue by downstream end use or provide a universal prohibited-revenue or non-compliant-income numerator.
Purification
The filing reports net interest expense but no reproducible gross non-compliant-income numerator; no fixed purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Winnebago's May 30, 2026 Form 10-Q.
- Debt is long-term debt, net of $442.9 million; operating leases are excluded.
- Cash is $57.1 million; no separate interest-bearing securities balance is identified.
- Receivables, net are $186.1 million.
- The filing reports net interest expense but no reproducible gross non-compliant-income numerator; RV and marine manufacturing is generally permissible while customer end use remains 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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